Fortress Investment Group LLC Jun 11
Standard & Poors, June 2011
Abstract
Multiyear terms of its funds, providing stable and predictable fee income Partners' long-term track record and history as a team Robust infrastructure and controls Access to permanent capital Transparency and sound governance practices Key-man risk Volatility and illiquidity of some funds Greater dependence versus peers on incentive income streams for ongoing cash generation Standard & Poor's Ratings Services bases its rating on New York-based alternative asset management company Fortress Investment Group LLC on the firm's stable and recurring management fee income from its private-equity and credit funds which have multiyear terms (lockups). Additional supporting factors include low leverage, a continually improving funding profile, a sound long-term investment track record, and experienced principals. Internal control and governance practices are also appropriate...
Companies mentioned in this report are: Prudential Retirement Insurance and Annuity Co.,Nomura Holdings Inc.,FIG LLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Prudential Retirement Insurance and Annuity Co.,Nomura Holdings Inc.,FIG LLC
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