Fortress Investment Group
Private equityNew York · Seed–Late Stage · 50 people tracked
Also known as Fig Llc · FMAC MANAGEMENT LLC · Fortress Investment Group LLC · FPLF MANAGEMENT LLC
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.
Source: firm website, verified Aug 11, 2026.
Team · 50 people
from the firm's websiteWhat they invest in
from 2 of 6 portfolio companiesBiotech ×1Fintech ×1
HQs:United States×1
Investments · 6 tracked
founders shown can be your intro pathArrow 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
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| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Fortress Lending Fund IIILPs: District of Columbia Retirement Board, Kern County Employees' Retirement Association, South Carolina Retirement System Investment Commission | 2022 | — | 11.4% | 1.25x | 0.42x |
| Fortress Lending Fund III-IV MA-CRPTF LPLPs: Connecticut Retirement Plans and Trust Funds | 2022 | — | 16.0% | 1.20x | 0.20x |
| Fortress Lending Fund IILPs: Kern County Employees' Retirement Association, South Carolina Retirement System Investment Commission, Ralph C. Wilson Jr. Foundation | 2021 | — | 8.7% | 1.28x | 0.89x |
| Fortress Lending Fund IlLPs: Kern County Employees' Retirement Association | 2021 | — | 10.7% | 1.06x | 0.10x |
| Delegated Investments Fortress COF VLPs: South Carolina Retirement System Investment Commission | 2020 | — | 1.8% | — | — |
| Fortress COF VLPs: South Carolina Retirement System Investment Commission | 2020 | — | 9.1% | — | — |
| Fortress Credit Opportunites Fund V ExpansLPs: Kern County Employees' Retirement Association | 2020 | — | — | 1.13x | 0.04x |
| Fortress Credit Opportunites Fund V ExpansioLPs: Kern County Employees' Retirement Association | 2020 | — | 25.3% | 1.16x | 0.04x |
| Fortress Credit Opportunites Fund V ExpansionLPs: Kern County Employees' Retirement Association | 2020 | — | 14.4% | 1.18x | 0.18x |
| Fortress Credit OpportunitiesLPs: Kern County Employees' Retirement Association | 2020 | — | — | 1.07x | 0.04x |
| Fortress Credit Opportunities Fund V Expansion MA-CRPTF LPLPs: Connecticut Retirement Plans and Trust Funds | 2020 | — | 8.9% | 1.10x | 0.30x |
| Fortress Credit Opportunities V ExpansionLPs: Los Angeles City Employees' Retirement System | 2020 | — | 10.7% | 1.20x | 0.34x |
| Fortress Lending Fund II MA-CRPTF LPLPs: Connecticut Retirement Plans and Trust Funds | 2020 | — | 8.9% | 1.20x | 0.70x |
| Fortress Credit Opportunities Fund III (A)LPs: North Carolina Retirement Systems | 2012 | — | 9.9% | 1.48x | 1.38x |
| Fortress Japan Opportunity Fund II, L.P.LPs: San Bernardino County Employees Retirement Association | 2012 | — | 24.4% | — | 0.18x |
| Fortress Transportation Infrastructure, LLCLPs: Michigan Municipal Employees' Retirement System, San Bernardino County Employees Retirement Association | 2012 | — | -2.0% | 0.92x | 0.92x |
| Fortress Credit Opportunities Fund II(A)LPs: California State Teachers' Retirement System | 2010 | — | 14.6% | 2.15x | 2.06x |
| Fortress Investment Fund III PIKLPs: The Regents of the University of California | 2009 | — | 1.5% | 5.00x | 1.53x |
| 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 more | 2007 | — | 4.1% | 1.50x | 1.08x |
| Fortress Investment Fund V, L.P. - Co-InvestmentLPs: Washington State Investment Board | 2007 | — | -7.4% | 0.40x | 0.32x |
| 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 more | 2006 | — | -1.9% | 0.90x | 0.83x |
| Fortress Investment Fund IV, L.P. - Co-InvestmentLPs: Washington State Investment Board | 2006 | — | -3.9% | 0.70x | 0.72x |
| Fortress Investment Fund III, L.P.LPs: Washington State Investment Board, The Regents of the University of California, Robert Wood Johnson Foundation | 2004 | — | 1.2% | 1.10x | 1.07x |
| Fortress Investment Fund II, LLCLPs: Washington State Investment Board | 2002 | — | 36.0% | 1.50x | 1.46x |
| Fortress Investment Fund, L.P.LPs: Washington State Investment Board | 2000 | — | 25.7% | 2.30x | 2.34x |
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
Co-investors · 23
Founders Fund is a venture capital firm that invests in companies building transformative technologies across defense, space, data analytics, and other frontier sectors.
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.
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.
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) 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.
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 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.
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.
Bonfire Ventures is a seed-stage venture capital firm that backs founders reinventing how business operates, leading seed rounds in AI-native B2B software.
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 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.
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.
▶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.
Similar investors
Index Ventures is a venture capital firm that backs founders across the globe, investing in the people behind ideas from early through later stages.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
Norwest is a venture and growth equity investment firm that has backed over 700 companies across sectors including AI, retail, and healthcare, working alongside entrepreneurs from early to late-stage growth.
Revolution is an investment firm that has backed founders, communities, and ideas for over two decades, spanning venture capital, entrepreneurship advocacy, and real estate and hospitality investments.
INP Capital is a global investment firm that invests across the full company life cycle, from early stage to pre-IPO, seeking to identify and back emerging technology companies as they scale toward unicorn status.
































































