New York · Seed–Late Stage · 54 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 25, 2026.
Team · 54 people
from the firm's website & curatedFounder mafia
3 people who came through Fortress Investment Group went on to found or lead other companies.
What they invest in
from 5 of 10 portfolio companiesFintech ×4Crypto & Web3 ×2Enterprise Software ×2Biotech ×1Cybersecurity ×1SaaS ×1
HQs:United States×3
Investments · 10 tracked
founders shown can be your intro pathBy year:2025 · 12017 · 12014 · 13 dated
Lansing, US
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
CAIS operates an independent platform that connects financial advisors with alternative asset managers and bank issuers to access, evaluate, and transact in alternative investments and structured notes.
Enterprise SoftwareFintechSaaS
Matt Brown(Founder)in
Co-investorsSenaHill PartnersSquare Peg CapitalAllianceBernsteinBlue Owl CapitalGolub CapitalVista Equity Partners
Ripple builds blockchain-based financial infrastructure to enable cross-border value transfer and payment solutions for enterprises, governments, and financial institutions.
Crypto & Web3Enterprise SoftwareFintechSan Francisco, US
Ryan Fugger(Founder)David Schwartz(Director)inSusan Athey(Director)Gene Sperling(Director)Christian Larsen(Executive Officer, Director, Promoter)Young Guo(Director)
Co-investors500 GlobalAbstract VenturesAurum Venture PartnersAvant Global LLCCamp One VenturesCastle Island Ventures+19 more
Co-investorsThe Riverside CompanyTurning Rock
Xapo provides banking and wealth management services for Bitcoin holders, offering savings accounts with interest returns, lending against Bitcoin collateral, and custody solutions.
Crypto & Web3CybersecurityFintechGibraltar
Wenceslao 'Wences' Casares(Co-founder; current Chairman; former Chief Executive Officer)Federico Murrone(Co-Founder & COO)Wences Casares(Co-Founder & Executive Chairman (former CEO))Seamus Rocca(Chief Executive Officer)Joey Garcia(General Counsel / Top Lawyer)Matthew McPhee(Director and Chief Financial Officer)
Co-investorsDigital Currency GroupEmergence CapitalEmergence Capital PartnersGreylock PartnersJerry YangPantera Capital+3 more
Portfolio news
latest coverage across their companiesArcis · golfdaily.com · Aug 27, 2026
CAIS · familywealthreport.com · Aug 1, 2026

Ripple Labs · cryptonews.net · Jul 18, 2026
Xapo · coinbureau.com · Mar 27, 2026
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
- How many investments has Fortress Investment Group made?
- Fortress Investment Group has 6 tracked investments.
- 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.
- Who does Fortress Investment Group co-invest with?
- Fortress Investment Group most often shares deals with Digital Currency Group, Emergence Capital Partners, Greylock Partners, among 9 tracked co-investors.
Images
Co-investors · 23
Founders Fund is a venture capital firm that backs technology companies building transformative products.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
FJ Labs is an early-stage investment firm specializing in marketplaces and network-effect businesses, taking an angel-style co-investment approach alongside institutional venture funds worldwide.
Unknown Ventures is a venture studio based in Austin that provides funding and operational support to early-stage startups at the pre-seed to Series A stage. The firm backs founders seeking to create innovative solutions that improve human experience.
CRV is a venture capital firm that backs founders at the seed and Series A stages, focusing on those with deep conviction and unique insights.
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 partners with expansion-stage enterprise software companies aiming to become category leaders.
SignalFire is a seed-stage venture capital firm that combines a full-team support model with its data-driven Beacon AI platform to back founders.
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.
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