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Fortress Investment Group

Private equityoperating company · company profile

New York · Seed–Late Stage · 54 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 25, 2026.

Stage
Seed–Late Stage
Check
$10M – $150M
HQ
New York, NY, US
Leads rounds
Follows
Instruments
Debt · Equity
Founded
1998
Last 12 months
1 investment
AUM
$87.3B
Tracked investments
10

Team · 54 people

from the firm's website & curated
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
Christopher Linkas· Co-Head of European NPLin
Dominick Ruggiero· Global Co-Head of Asset-Based Finance
Eran Zur· Global Head of Intellectual Property
Erez Levy· Co-CIO of Intellectual Propertyin
Greg Shoemaker· Global Co-Head of Private Equityin
Jeff Runnfeldt· Chief Investment Officer, Multi-Manager Groupin
Ken Pierce· Global Co-Head of Insurance Solutionsin
Mario Rivera· Global Head of Asset-Backed Securitiesin
Niccolò Biancheri· Head of Corporate Credit, Europein
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

Founder 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 companies

Fintech ×4Crypto & Web3 ×2Enterprise Software ×2Biotech ×1Cybersecurity ×1SaaS ×1

HQs:United States×3

Investments · 10 tracked

founders shown can be your intro path

By year:2025 · 12017 · 12014 · 13 dated

Arcis

Lansing, US

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

CAIScaisgroup.comin𝕏

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

Cppinvestmentscppinvestments.com
Dstvisiondstvision.com
Ripple Labsripple.comin𝕏Nov 2025 · $40B

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

Secureaccountviewsecureaccountview.com
Seiinvestorportalseiinvestorportal.com

Co-investorsThe Riverside CompanyTurning Rock

TheranosinMay 2017

BiotechPalo Alto, US

Elizabeth Anne Holmes(Executive Officer, Director)

BoardWilliam Foege(Director)Daniel Warmenhoven(Director)Fabrizio Bonanni(Director)

Xapoxapo.comin𝕏Mar 2014

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 companies

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

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

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 backs technology companies building transformative products.

$500K – $5M
Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

$5M – $100M
FJ Labs

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.

$100K – $3M
Unknown Ventures

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 (Charles River Ventures)

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.

$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 partners with expansion-stage enterprise software companies aiming to become category leaders.

$5M – $20M
SignalFire

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.

$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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