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Fortress Investment Group

Private equity

New York · Seed–Late Stage · 50 people tracked

Also known as Fig Llc · FMAC MANAGEMENT LLC · Fortress Investment Group LLC · FPLF MANAGEMENT LLC

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Investment thesis

Fortress Investment Group is a highly diversified global investment manager serving roughly 2,000 institutional clients and private investors worldwide. It deploys capital across credit, real estate, private equity, and permanent capital strategies. Its 2026 Mid-Year Outlook emphasizes a cautious but selectively constructive posture, favoring cash flows, uncorrelated returns, and discipline on long-duration equity amid a higher-for-longer inflation and rate environment. The firm advocates positioning in quality and income, private credit over median buyout private equity, floating-rate and asset-based finance, real assets such as CPI-linked infrastructure and gold, and inflation-protected securities to compensate for expected inflation.

Invests inFintechPropTechSector AgnosticEuropeGlobalNew York

Source: firm website, verified Aug 11, 2026.

Stage
Seed–Late Stage
Check
$10M – $150M
HQ
New York, NY, US
Leads rounds
Follows
Instruments
Debt · Equity
Founded
1998
AUM
$87.3B
Tracked investments
6

Team · 50 people

from the firm's website
Joshua Pack· Former Co-Chief Executive Officer, Board Member & Managing Partner (In Memoriam)

Listed under In Memoriam as a former Co-CEO, Board Member and Managing Partner of Fortress.

Pete Briger, Jr.· Executive Chairman of the Board of Directors & Managing Partner
Akio Yamashita· Co-Head of Asia, Co-Head of Japan Real Estate
Bob Warden· Global Co-Head of Private Equity
Brian Stewart· Global Co-Head of Corporate Credit
Charles Spetka· Head of Middle East
Christopher Linkas· Co-Head of European NPL
Dominick Ruggiero· Global Co-Head of Asset-Based Finance
Eran Zur· Global Head of Intellectual Property
Erez Levy· Co-CIO of Intellectual Property
Greg Shoemaker· Global Co-Head of Private Equity
Jeff Runnfeldt· Chief Investment Officer, Multi-Manager Group
Ken Pierce· Global Co-Head of Insurance Solutions
Mario Rivera· Global Head of Asset-Backed Securities
Niccolò Biancheri· Head of Corporate Credit, Europe
Noah Shore· Global Co-Head of Commercial Real Estate Credit
Thomas Pulley· Global Head of Real Estate Equity
Tim Sloan· Vice Chairman & Global Head of Real Estate
Todd Rapp· CEO, Multi-Manager Group

What they invest in

from 2 of 6 portfolio companies

Biotech ×1Fintech ×1

HQs:United States×1

Investments · 6 tracked

founders shown can be your intro path
Arrow Global Grouparrowglobal.netin

Arrow Global is a Pan-European alternative asset manager focused on private credit and real estate, delivering asset-backed investments through its local management and servicing platforms.

Fintech

Cppinvestmentscppinvestments.com
Dstvisiondstvision.com
Secureaccountviewsecureaccountview.com
Seiinvestorportalseiinvestorportal.com
TheranosMay 2017

BiotechPalo Alto, US

William Foege(Director)Daniel Warmenhoven(Director)Elizabeth Anne Holmes(Executive Officer, Director)Fabrizio Bonanni(Director)

Fund performance · per public LP disclosures · 25

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
Fortress Lending Fund IIILPs: District of Columbia Retirement Board, Kern County Employees' Retirement Association, South Carolina Retirement System Investment Commission202211.4%1.25x0.42x
Fortress Lending Fund III-IV MA-CRPTF LPLPs: Connecticut Retirement Plans and Trust Funds202216.0%1.20x0.20x
Fortress Lending Fund IILPs: Kern County Employees' Retirement Association, South Carolina Retirement System Investment Commission, Ralph C. Wilson Jr. Foundation20218.7%1.28x0.89x
Fortress Lending Fund IlLPs: Kern County Employees' Retirement Association202110.7%1.06x0.10x
Delegated Investments Fortress COF VLPs: South Carolina Retirement System Investment Commission20201.8%
Fortress COF VLPs: South Carolina Retirement System Investment Commission20209.1%
Fortress Credit Opportunites Fund V ExpansLPs: Kern County Employees' Retirement Association20201.13x0.04x
Fortress Credit Opportunites Fund V ExpansioLPs: Kern County Employees' Retirement Association202025.3%1.16x0.04x
Fortress Credit Opportunites Fund V ExpansionLPs: Kern County Employees' Retirement Association202014.4%1.18x0.18x
Fortress Credit OpportunitiesLPs: Kern County Employees' Retirement Association20201.07x0.04x
Fortress Credit Opportunities Fund V Expansion MA-CRPTF LPLPs: Connecticut Retirement Plans and Trust Funds20208.9%1.10x0.30x
Fortress Credit Opportunities V ExpansionLPs: Los Angeles City Employees' Retirement System202010.7%1.20x0.34x
Fortress Lending Fund II MA-CRPTF LPLPs: Connecticut Retirement Plans and Trust Funds20208.9%1.20x0.70x
Fortress Credit Opportunities Fund III (A)LPs: North Carolina Retirement Systems20129.9%1.48x1.38x
Fortress Japan Opportunity Fund II, L.P.LPs: San Bernardino County Employees Retirement Association201224.4%0.18x
Fortress Transportation Infrastructure, LLCLPs: Michigan Municipal Employees' Retirement System, San Bernardino County Employees Retirement Association2012-2.0%0.92x0.92x
Fortress Credit Opportunities Fund II(A)LPs: California State Teachers' Retirement System201014.6%2.15x2.06x
Fortress Investment Fund III PIKLPs: The Regents of the University of California20091.5%5.00x1.53x
Fortress Investment Fund V, L.P.LPs: Washington State Investment Board, Pennsylvania Public School Employees' Retirement System, The Regents of the University of California +2 more20074.1%1.50x1.08x
Fortress Investment Fund V, L.P. - Co-InvestmentLPs: Washington State Investment Board2007-7.4%0.40x0.32x
Fortress Investment Fund IV, L.P.LPs: Washington State Investment Board, Pennsylvania Public School Employees' Retirement System, The Regents of the University of California +1 more2006-1.9%0.90x0.83x
Fortress Investment Fund IV, L.P. - Co-InvestmentLPs: Washington State Investment Board2006-3.9%0.70x0.72x
Fortress Investment Fund III, L.P.LPs: Washington State Investment Board, The Regents of the University of California, Robert Wood Johnson Foundation20041.2%1.10x1.07x
Fortress Investment Fund II, LLCLPs: Washington State Investment Board200236.0%1.50x1.46x
Fortress Investment Fund, L.P.LPs: Washington State Investment Board200025.7%2.30x2.34x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Fortress Investment Group invest at?
Fortress Investment Group invests at the Seed, Series A, Growth, Late Stage stages.
What is Fortress Investment Group's typical check size?
Fortress Investment Group typically writes checks of $10M – $150M.
What sectors does Fortress Investment Group focus on?
Fortress Investment Group focuses on Fintech, PropTech, Sector Agnostic.
Where is Fortress Investment Group located?
Fortress Investment Group is headquartered in New York, US.
Does Fortress Investment Group lead rounds?
Fortress Investment Group typically participates in rounds rather than leading them.

Images

Fortress Investment Group photoFortress Investment Group photoFortress Investment Group photoFortress Investment Group photoFortress Investment Group photoFortress Investment Group photo

Co-investors · 23

Founders Fund

Founders Fund is a venture capital firm that invests in companies building transformative technologies across defense, space, data analytics, and other frontier sectors.

$500K – $5M
Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M
FJ Labs

FJ Labs is a venture capital firm specializing in marketplaces and network-effect businesses, having built a large portfolio of marketplace startups with over 30 becoming unicorns.

$250K – $2M
Unknown Ventures

Unknown is an investment firm focused on emerging market opportunities in live entertainment, biosciences, technology startups, and real estate, with a portfolio spanning music festivals, artist platforms, creator financial services, and event infrastructure.

CRV (Charles River Ventures)

CRV (Charles River Ventures) is an early-stage venture capital firm that backs founders at the seed and Series A stages, with a long history of investing since 1970.

$250K – $5M
Atomico

Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.

Sapphire Ventures

Sapphire Ventures is a venture capital firm founded in 2011 that backs technology companies, offering operating support such as executive talent and customer introductions to its portfolio.

$5M – $20M
SignalFire

SignalFire is a venture capital firm that positions itself as being built like a tech company, offering founders in-house AI/ML tools, data, advisory programs, and sector experts to support their portfolio.

$250K – $15M
Bonfire Ventures

Bonfire Ventures is a seed-stage venture capital firm that backs founders reinventing how business operates, leading seed rounds in AI-native B2B software.

$2M – $4M
Next47

Next47 is a venture capital firm that invests early, focusing on the product itself before metrics or hype, partnering with founders to help them scale from initial concept to growth.

Ridge Ventures

Ridge Ventures is a focused venture capital fund that backs experienced founders building revenue-first enterprise software companies at the late seed and early Series A stages.

$2M – $7M
Nexus Venture Partners

Nexus Venture Partners invests in early and early growth stage companies operating in India and the United States across multiple sectors. The firm was founded by entrepreneurs with experience building companies.

$500K – $10M
11 more co-investors

WGI GroupArray Ventures Management Llc8-Bit CapitalNFXThe Finger GroupVast VenturesClocktower Venturessuper{set}iHeartMediaKohala VenturesApollo Asset Management

Firms observed investing alongside Fortress Investment Group, from public investor directories. Shared companies are the overlap with Fortress Investment Group's recorded portfolio.

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