New York, May 16, 2024–(BUSINESS WIRE)–BTG Pactual today announces strategic financing in acquisition of Fortress Investment Group (“Fortress”), a global investment management firm with $48 billion in assets under management. did.
James Frank, head of strategic capital at BTG Pactual, said: “Fortress has the support of a talented and disciplined management team with a proven track record of creating significant value for stakeholders in the alternative investment space. We’re excited to invest, and we owe it to them.” With leadership in place, Fortress is well-positioned for growth. ”
Gerrity Lansing, Head of International Private Markets at BTG Pactual, said: “Fortress’ reputation, track record and success in growing investment strategies across a wide range of asset classes make them an ideal partner for BTG Pactual. “We respect their values and vision and look forward to supporting their growth.” ”
In a joint statement, Fortress Co-Chief Executive Officers Josh Pack and Drew McKnight said, “We are very pleased to form this partnership with BTG Pactual, which is a great opportunity for our company and our customers. I believe it will bring great benefits through BTG.” With your support as an investor, we look forward to a long and fruitful relationship that will help us build on the business model and investment approach we have adopted for over 20 years. ”
“Our partnership with BTG Pactual is an important opportunity to leverage their deep expertise as we continue to grow our business,” said Jack Newmark, Managing Partner and Co-Chief Investment Officer of Fortress. “It provides an opportunity,” he added.
About BTG Pactual
BTG Pactual (BPAC11) is the largest investment bank in Latin America, with operations in investment banking, corporate lending, sales & trading, asset management, wealth management, and banking, with AUM/AUA of 324 billion as of 2023. It exceeds the US dollar. The agency has more than 7,000 employees in Brazil, Chile, Argentina, Colombia, Peru, Mexico, the United States, Portugal, Luxembourg and the United Kingdom. For more information, please visit www.btgpactual.com.
About Fortress Investment Group
Fortress Investment Group LLC is a highly diversified global investment management company. Founded in 1998, Fortress has $48 billion under management in 2023 across a broad range of investment strategies in credit, real estate, private equity, and permanent capital on behalf of more than 1,900 institutional clients and individual investors worldwide. We manage assets. For more information, please visit www.fortress.com.
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contact address
Nick Weiser
Nick.weisser@btgpactual.com
