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INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
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PRINT THIS PAGE Fortress holds $2.84bn first closing on new private equity fund08/05/2007. Source: AltAssets. 
 New York-headquartered Fortress Investment Group has completed a first closing on its latest private equity funds with third-party commitments of approximately $2.84bn. The fund is ultimately expected to have approximately $5bn of capital commitments.
Third-party capital commitments are capped at $4bn, with $1bn expected to come from Fortress, its principals, employees and affiliated funds managed by Fortress.
Fortress will continue to make control investments in asset-based businesses and asset portfolios primarily in North America and Western Europe.
Fortress is an alternative asset manager with approximately $35.1bn in assets under management. In addition to private equity funds Fortress manages hedge funds and publicly traded alternative investment vehicles.
Copyright © 2007 AltAssets
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