Fortress Investment Group LLC Jun 11
- ID: 1834433
- June 2011
- Standard & Poors
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
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Research Type: Full Analysis