SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company's soon-to-be-established technology investment fund.
Helsinki, Finland, 2017-05-11 10:59 CEST (GLOBE NEWSWIRE) -- Euroloan has doubled the size of its structured financing facility with funds managed by affiliates of Fortress Investment Group LLC (NYSE:FIG), from EUR 60 million to EUR 120 million.
Fitch Ratings has downgraded the Long-term Issuer Default Ratings (IDR) of Fortress Investment Group LLC (NYSE: FIG) and its related entities (collectively Fortress) to 'BB+' from 'BBB' and Short-Term IDR to 'B' from 'F2'.
Fortress Investment Group logo Coronation Fund Managers Ltd. cut its stake in Fortress Investment Group LLC (NYSE:FIG) by 73.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission.
Fortress Investment Group logo Guinness Asset Management Ltd reduced its position in Fortress Investment Group LLC (NYSE:FIG) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
April 28 Fortress Investment Group LLC, the U.S. alternative asset manager to be acquired by Japan's SoftBank Group for $3.3 billion, is exploring divesting bond fund manager Logan Circle Partners, according to people familiar with the matter.