Fortress Investment

Fortress was founded in 1998 and manages $53 billion of assets as of August 2025 on behalf of over 2,000 institutional clients and private investors worldwide. The firm invests in corporate credit, real estate, private equity, insurance, and permanent capital strategies. The company listed on the NYSE in February 2007, delisted in 2017, and, as of 2024, began operating as a privately held and independent brand.

Fortress has 900+ employees and operates globally with local expertise with a global perspective in 13 office locations worldwide. Notable portfolio companies in private equity include Loungers, Red Lobster, Spa Resort Hawaiians, Dataminr, and Umami Burger. Fortress Investment Group is also the parent company to Mystays hotels and resorts in Japan. In April 2024, Fortress purchased the UK discount retailer Poundstretcher and its sister chain Bargain Buys, adding to other UK businesses including Majestic Wine and Punch Pubs.

Recent Leadership News

On September 29, 2025, Fortress announced the untimely passing of Co-CEO and Managing Partner Josh Pack. Drew McKnight continues to lead the firm as Co-CEO, and Jack Neumark stepped into the role of Co-CEO and Managing Partner alongside Drew. Executive Chairman Pete Briger deepened his engagement with the firm, with his seasoned leadership becoming invaluable during the transition.