Fortress loses PE-focused MD Arvedlund

Maggie Arvedlund, a managing director who focused on private equity within Fortress Investment Group’s struggling hedge fund business, has left the firm for undisclosed reasons, according to two people with knowledge of the situation.


Fortress closes Credit Real Estate Opportunities Fund II on $1 bln

Fortress Investment Group has closed Credit Real Estate Opportunities Fund II on its $1 billion cap. Fund II launched fundraising in 2014. About half of the commitments to Fund II came from public and corporate pensions, endowments and foundations. The fund has deployed about 20 percent of its capital in the U.S. and Europe. The prior Credit Real Estate Opportunities Fund closed on $625 million in 2011.


IOG and Fortress close oil and gas investment partnership

IOG Capital LP has formed a $330 million oil and gas investment partnership with Fortress Investment Group. According to IOG, the partnership will “complement” a similar joint venture that the Dallas-based investment firm formed with Metalmark Capital in September 2014.


Fortress agrees to buy Rihga Royal Hotel Kyoto

Fortress Investment Group has agreed to buy the Rihga Royal Hotel Kyoto from Royal Hotel, Ltd. Fortress plans to invest significant capital in facilities and rooms. Fortress expects to close the acquisition in the first quarter of 2015.


Forbes Private Capital hires former Blackstone, Fortress fundraiser

Forbes Private Capital Group has hired former Blackstone Group and Fortress Investment Group fundraiser Laura Hill as a director in the New York office. Hill will cover institutional and family office investors in the Western U.S. and select clients in other North American geographies. Most recently, Hill worked as a director of corporate affairs at the Council of Foreign Relations. Previously, she was a director at Fortress in the capital formation group, and prior to that she worked at Blackstone as a director in the private equity fundraising group.


Fortress buys Omnisure

Fortress Investment Group has acquired a controlling stake in Omnisure Group that was previously held by Lincoln Park Capital.  No financial terms were disclosed. Omnisure is a provider of payment plans for retail vehicle service contracts.

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