Fortress’s Credit business was launched in 2002 by Pete Briger. Today, the Fortress Credit team consists of over 500 professionals and is focused on investing globally, primarily in undervalued assets and distressed and illiquid credit investments. The investment team, led by Co-CIOs Pete Briger and Dean Dakolias, has a long and established track record investing throughout a number of credit and distressed cycles around the world, including the RTC Workout and the Asian Financial Crisis. With over 85 professionals dedicated to asset management in over 15 geographic locations, the Fortress Credit team also has the experience and expertise to manage and service assets with operational complexity.
In July 2015, Fortress and Mount Kellett Capital Management LP (“Mount Kellett”), reached an agreement for Fortress to become co-manager with Mount Kellett of the Mount Kellett investment funds and related accounts (the “co-managed funds”).
(1) Includes $2.1 billion of AUM related to co-managed funds as of 2Q 2016.