SoFi Technologies announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group. The agreement will expand SoFi’s capabilities in its loan platform business, where the company...
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October 15, 2024, 07:50 AM
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Fortress Investment Group announced the appointment of Damola Adamolekun as CEO of RL Investor Holdings LLC.RL Investor Holdings LLC is a new entity that is seeking bankruptcy court approval to acquire from Red Lobster Management LLC and its direct...
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August 27, 2024, 08:00 AM
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Star Mountain Capital announced that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.“It has been a pleasure working with Curtis personally...
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July 12, 2024, 07:52 AM
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Bloomberg reported that Fortress Investment Group is targeting as much as $8 billion for its latest credit opportunities fund, focused on investing in areas ranging from distressed debt to structured credit, according to a person with knowledge of...
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October 30, 2023, 08:14 AM
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VICE Media Group announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to...
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May 16, 2023, 08:00 AM
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Fortress Investment Group was ranked as the 2nd fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications. The report provides a qualitative and...
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October 31, 2022, 06:00 AM
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VOX Funding, an alternative finance company, closed a $40 million credit facility with funds managed by affiliates of Fortress Investment Group (“Fortress”). This 3-year term facility is expandable up to $75 millon and will be used to further VOX’s...
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April 27, 2022, 07:31 AM
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iPass Inc. a provider of global mobile connectivity, announced that it has finalized a senior secured credit facility of up to $20 million from affiliates of funds managed by affiliates of Fortress Investment Group LLC .
This facility is secured by...
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June 20, 2018, 07:08 AM
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Super G provided a $1.5 million working capital bridge facility to a provider of software as a service (SaaS) solutions. The company's platform provides data management solutions to insurance agencies, government agencies, hospitals and other...
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May 25, 2017, 07:25 AM
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Consumer Portfolio Services, Inc. announced that on April 17, 2017 it renewed its two-year revolving credit agreement with the Fortress group of companies.
Loans under the renewed credit agreement will be secured by automobile receivables that CPS...
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April 19, 2017, 07:15 AM
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Cortland Capital Market Services, a leading global investment servicing company, announced today that Jason Hutton has joined the company as a director within Cortland's Successor Agency Services Group. Reporting to Joanna Anderson, head of Cortland...
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October 13, 2016, 07:20 AM
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Opus Bank announced Curtis A. Glovier, who until recently served as a managing director at Fortress Investment Group, LLC and has served as a director of Opus Bank since the launch of Opus on September 30, 2010, has agreed to join Opus and will be...
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August 04, 2016, 07:05 AM
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The Citco Group of Companies (“Citco”) announced that it has launched Citco Capital Solutions, a capital advisory service that will focus on arranging debt and equity capital for sponsors and investors in alternative investment vehicles. Citco...
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July 26, 2016, 07:09 AM
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According to various news sources, LightSquared is seeking to pay the fees and expenses on part of its proposed $4 billion financing package, which would move the wireless satellite company's standalone restructuring deal forward as an alternative to...
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January 02, 2014, 07:33 AM
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CODA Holdings, Inc. announced it is focusing its business strategy on the growing energy storage market. CODA plans to implement the restructuring of its business through a voluntary filing under Chapter 11 of the U.S. Bankruptcy Code. The...
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May 02, 2013, 07:31 AM
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