Fortress closes two funds

Fortress Investment Group today closed a pair of funds with a final total of $5 billion in third-party commitments.
JUL 26, 2007
By  Bloomberg
Fortress Investment Group LLC today closed a pair of funds with a final total of $5 billion in third-party commitments. The funds, Fortress Investment Fund V and Fortress Coinvestment Fund V, are the newest private equity vehicles offered by the New York-based asset manager. Fortress also said that it made a $275 million co-investment into Florida East Coast Industries, a Jacksonville, Fla. railroad and commercial real estate company. A number of Fortress-managed funds will acquire FECI, closing the transaction today.

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