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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.

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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.

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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.

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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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Fortress invests $1 mln in SITO Mobile

Fortress Investment Group has invested $1 million in SITO Mobile, a mobile location advertising platform. The company also has secured a $10 million credit facility backed by its intellectual property.

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Top 10 posts: private equity

Trending this week in private equity: CEO of PE-backed Centerplate under pressure to resign after allegedly hurting dog, Kelso offers sweet terms on latest fund, and LPs struggle to navigate most crowded fundraising environment ever.

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peHUB First Read

This morning, First Read brings you news Fortress is taking its recently closed infrastructure fund public, the SEC is facing a challenge to its pay-to-play rules in the name of free speech and music and video streamer Vevo is off the market.

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