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Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Prior to joining Fortress in November 2003, Mr. Bass spent eleven years at Deutsche Bank. Vision, Spencer Spirit (Spencers Gifts and Spirit Halloween) and SAE Towers. Suma Kulkarni is a Partner at ACON Investments. He is a Member of the YPO Gold (U.S. Capital Chapter). JBK Capital Profile and History. For a discussion of some of the risks He is also a CFA Charterholder. Mr. Furstein received a B.A. in Civil and Environmental Engineering from Massachusetts Institute of Technology. The . Our funds are supported by our high caliber financial and legal professionals with extensive experience in private equity, partnership finance and administration and regulatory compliance matters. Mr. Scielzo received a B.S.e, summa cum laude, in Finance and Accounting from The Wharton School of the University of Pennsylvania and an M.B.A. from the Kellogg School of Management of Northwestern University. Previously, Mr. Bawa has served on other ACON portfolio company boards, including among others, Chroma Oil & Gas and Milagro Oil & Gas. Pulley has over 25 years of real estate investment experience, having started his career at Bankers Trust. Mount Kellett Capital Management LP ("Mount Kellett") is a multi-strategy investment firm focused on global distressed, special situations and opportunistic investing. Jessica Redburn is an Operations and Administrative Manager at ACON Investments. Fortresss leadership is committed to maintaining strong corporate governance policies and practices. Prior to commencing to consult for ACON in 2021, Ms. Segura was a Senior Associate at Mendoza Abogados, a boutique Colombian law firm, where she worked on cross-border financings, M&A and leveraged transactions. As of September 30, Fortress managed $43.6 billion among its four businesses. Gino Dellomo is a Partner at ACON Investments. Prior to that, he spent seven years at The Riverside Company (Europe) where he was a Partner responsible for investment activity in Spain, Portugal and Italy, in addition to managing four portfolio companies (and exiting two of them). The transaction, which is subject to the approval of the majority of Mount Kellett's investors, is expected to close on or around 30 June, PDI sister title PERE reported. Prior to that, he was a Vice President at Lehman Brothers where he was responsible for overseeing various private equity and hedge fund products. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. Prior to Fir Tree, Mr. McKnight worked at Goldman, Sachs & Co. in Leveraged Finance and the Distressed Bank Debt trading group. He serves on the board of Dori Alimentos, an ACON fund portfolio company and he previously served on the board of Conexo, a prior ACON fund portfolio company. partners of the Funds. Agreement for Fortress to Co-Manage Mount Kellett Funds. in Economics from the Wharton School at the University of Pennsylvania and a J.D. in History from Brandeis University and an M.B.A. from the Harvard Business School. (1) Includes $0.9 billion of AUM related to SPAC entities and $0.2 billion of AUM related to co-managed funds as of Q3 2022. In addition, Mr. Kriger served on the Board of Directors of ACON S2 Acquisition, a strategic sustainability-focused special purpose acquisition company that was publicly traded (NASDAQ: STWOU) prior to completing a business combination with ESS Inc. (NYSE: GWH). Alfonso Corcuera is a Principal at ACON Investments. Mr. Aronson has published opinion pieces in The New York Times, The Wall Street Journal, The Washington Post, The New Republic and The Huffington Post, among other publications. In the course of executing investments and operating portfolio companies, Fortress has developed a team of investment professionals with significant sector-specific expertise and relationships with leading companies, institutions and individuals worldwide. it is not possible for the Company to predict or assess the impact of While at Altra, among other responsibilities, Mr. Polo actively participated in the acquisition of a leading port and logistics service provider in Colombia and monitored a multinational business process outsourcing company on behalf of Altra. We are proud to have approximately 67% of our U.S. employee base comprised of individuals who identify as members of an ethnic minority or as female. Mr. Dickens previously served on the board of Betterware de Mexico, Hidrotenencias and InverCap, each prior ACON fund portfolio companies. In addition, Mr. Edens was formerly a partner and managing director of Lehman Brothers. Previously, Mr. Schwartz was the founder of Constructivist Capital, which worked with family offices and other capital providers, including ACON Investments, to evaluate illiquid investment opportunities and was a Managing Director at Avenue Capital Group. Ms. Mnguez received bachelors degrees in International Business from Universidad Pontificia de Comillas (ICADE) in Spain and Centre dtudes Supriueres des Entreprises et Management (CESEM) in France. Ltd. (ITAT Mumbai) Conclusion: Since the director was not a shareholder when bonus was paid to him and also the bonus was not paid out of the earlier years' accumulated profits, therefore, deduction of bonus paid to director was allowable under 36(1)(ii). Launched Fortress Credit Opportunities Fund V, Launched Fortress Japan Opportunity Fund IV, Launched Fortress Real Estate Opportunities Fund III, Priced IPO for Mosaic Acquisition Corp. in October, Appointed investment manager of the third party originated JP Funds, Launched Fortress Credit Opportunities Fund IV, Launched Fortress Japan Opportunity Fund III. Prior to joining Fortress in 2001, Mr. Dakolias was a Managing Director, Chief Credit Officer and co-founder of American Commercial Capital LLC (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer), both of which were sold to Wells Fargo & Co. in 2001. Route cause analysis. management fees, incentive income and investment income (loss), In addition, new risks and uncertainties emerge from time to time, and Ryan Rice is a Principal at ACON Investments. Mr. Menges began his career with PwC in the New York Asset Management Practice. Mr. Briger has been a member of the Management Committee of Fortress since 2002. Kellett will benefit from the scale and resources contained within the Previously, Mr. Machado has served on the board of Dori Alimentos, an ACON fund portfolio company, and of Conexo, a prior ACON fund portfolio company. Previously, he was an Assistant Vice President at State Street within the fund accounting administration team servicing real estate focused private equity clients. Henderson Park paid 365 million ($392 million) for the hotel, a . Before Riverside, Mr. Llado spent eight years at Espiga Capital, a Spanish mid-size private equity firm, where he focused on small-sized enterprises in the Spanish and Portuguese markets. Held: AO during the course of assessment proceedings noticed that assessee . Industry Knowledge Operations Management Corporate Mergers and Acquisitions Capital Markets Assets Under Management: Lodging Capital and its partner, New York-based Mount Kellett Capital Management L.P., own the building at 140 E. Walton Place, but lease the land underneath it from a trust tied to local investor . CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Prior to joining Fortress, Mr. Financial terms of the transaction were not Joseph P. Adams is a managing director within the Private Equity business at Fortress Investment Group LLC and serves as Chairman of SeaCube Container Leasing Ltd. Mr. Adams is also a member of the Management Committee of Fortress. Mr. Bass received both a B.S. Ms. Bernstein is admitted to practice law in the State of New York and the District of Columbia. Prior to joining ACON in 2022, Mr. Zaidi was an Associate at The Ziegler Companies Inc., where he worked on mergers and acquisitions, strategic advisory and capital formation engagements for clients in the healthcare services and healthcare information technology sectors. During the summer of 2015 Mount. Mr. Scielzo began working with ACON in 2013. He started his career with five years in investment banking at Hill Samuel and WestLB, focusing on Spain and Portugal. Prior to commencing to consult for ACON in 2014, Mr. Polo was a Senior Associate at Altra Investments, a private-equity firm focused on middle-market investing in the Andean region. Prior to joining Fortress, Mr. Jorge Dickens is a Managing Partner at ACON Investments. Funds. situations and opportunistic investing, said Peter L. Briger, Jr., The companys revenue gain of 14% is better than expected but slower than its historical pace. Mr. Scielzo served on the Board of Directors of Refac/U.S. Mr. Dickens serves on the Board of Directors of the following ACON fund portfolio companies: Corporacion Actinver, Grupo GMI, Citla Energy and Grupo Vizion (Waldos). Ms. Cowen began her career as an analyst at The Blackstone Group in the private equity and M&A groups. Newcastle Investment Corp. completed spin-off of New Residential Investment Corp. JBK Capital is a private equity and advisory firm focused on opportunistic investment opportunities. in Economics from the University of Virginia. Mr. Prior to joining Fortress in July 2006, Mr. Ladda was a managing director at Trust Company of the West ("TCW") where he was responsible for the United States hedge fund joint venture between TCW and its parent company, Societe Generale Asset Management. A new U.S. intelligence report didnt pinpoint a cause for the wide range of symptoms but said factors such as pre-existing medical conditions were probably behind the incidents. in Finance from Universidad del Valle de Mxico. Following his tenure, he was awarded the Distinguished Service Medal, the State Departments highest honor. Pedro Mariani is an Associate at ACON Investments. Mr. Brotman serves as a member of the Board of Directors of the following ACON fund portfolio companies: Atlantic Sustainable Catch, Bargain Hunt, Beauty by Imagination, Diverzify+, Fleetwash, Funko, New Era, Novipax, ProEnergy, SUZOHAPP and True Value. The Company Prior to joining ACON in 2014, Mr. Yano was an Associate in 3i Group plcs So Paulo office, where he worked on a variety of transactions in a wide range of industries. Mount Kellett Capital Management is a private equity firm founded in 2008 which primarily focuses on distressed, special situations and opportunistic investing. Mr. McKnight heads the liquid strategies and serves on the investment committee for the Credit Funds and is a member of the Management Committee of Fortress. Previously, Mr. Polo worked in the Corporate Finance Group of the main telecommunications firm in Bogot and also worked as an Investment Analyst in the private equity unit of Corficolombiana, a leading Colombian merchant bank with assets in excess of $3.0 billion. Matthew Campanelli is a Vice President, Capital Formation and Investor Relations at ACON Investments. The transaction is subject to receipt of Mount Kellett investor consent At ACON, we value diversity. and M.S. Prior to his tenure at Fannie Mae, Mr. Runt was Director of Corporate Communications at BlackRock, Inc. from January 2001 to June 2002, and prior to that, served as Director of Communications at PNC Financial Services, Inc. from June 1997 to January 2001, with responsibility for Executive, Shareholder and Strategic Communications. these forward-looking statements. Marc K. Furstein is the President of Credit Funds at Fortress Investment Group LLC and is also a member of the firms Management Committee. In addition, Mr. Brotman serves on the Board of WattBridge, a developer and operator of peaking power solutions enabling renewable energy growth. Mount Kellett Capital Management LP ("Mount Kellett") raised a number of focused global distressed, special situations and opportunistic investment funds. Prior to that, Mr. Bhatia was with Merrill Lynch Investment Banking based in New York and Brazil, where he worked in M&A and corporate finance. Mr. Mariani holds a Bachelors in Business Administration from Fundao Getulio Vargas (FGV-EAESP). By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services. in Family Science from the School of Health and Human Performance at the University of Maryland, College Park. Mr. Schwartz joined the firm in 2014. Outside of ACON, Mr. Corts serves on the board of AMEXCAP (Asociacin Mexicana de Capital Privado A.C.) or the Mexican Association of Private Equity and Venture Capital Funds. Prior to this he was the Chief Operating Officer at Limiar Capital Management, a Virginia-based investment management firm focused on global emerging markets. From 1997 to 2006, Mr. Hernandez was an investment banker for JP Morgan Chase focused on mergers and acquisitions advice for clients in Latin America, Australia, the United States, the United Kingdom and South Africa. Masumi Waida is the Chief Financial Officer of ACON Investments. specific knowledge, particularly in credit and global real estate. Additionally, affiliates of Fortress will become special limited The region has provided attractive investments in a diverse set of companies. Mr. Waida began his career at PricewaterhouseCoopers, where he worked in assurance in New York and Canada serving a range of industry-leading clientele, including private equity and hedge funds, fund of funds, mutual funds, and consumer and industrial products and services companies. Fortress's expertise extends to pricing, owning, financing and overseeing the management of physical and financial assets ranging from real estate and capital assets to financial assets secured by diversified long-term cash flows. Prior to commencing to consult for ACON and with ACON portfolio companies, he was a Principal at Investcorp where he was responsible for developing and implementing operational improvement, cost reduction and revenue enhancement programs for portfolio companies. Mr. Polo serves on the Board of Directors of Amfora Packaging, Biosidus, Salesland and Vitalis, each ACON fund portfolio companies. Alejandro Hanono W. is an Executive Partner at ACON. Fortress Investment Group/Mount Kellett Capital Management Chapter 11 Bankruptcy Cases PETITION New Chapter 11 Filing - EB Holdings II Inc. (Eco-Bat) May 19, 2017 in Chapter11 EB Holdings II Inc. 5/18/17 Recap: When you fail to repay nearly 1.8 billion Euro on a (PIK) note, you risk getting yo' a$$ involuntaried into bankruptcy court. Prior to Thomas H. Lee Partners, Mr. Delgado was a Consultant at Bain & Company with a focus on increasing value of companies in the technology, industrial and retail industries. She is a licensed Certified Public Accountant in the Commonwealth of Virginia. in Engineering from the University of Cincinnati and an M.B.A. from Harvard Business School. Prior to joining Colony Capital, Ms. Isunza worked at Dalus Capital, a Mexican venture capital firm, where she was the Controller for its Mexican publicly listed vehicle known as CKD (Development Capital Certificates). Mr. While at Espiga, the firm invested in 13 platform companies and realized six exits Mr. Llado served on the board of five of these companies. Before that, Mr. Daniel N. Bass is the Chief Financial Officer of Fortress Investment Group LLC, and is also a member of the firms Management Committee. Mr. Rice holds a B.A. Mr. Schwartz serves on the Board of Directors of True Value, an ACON fund portfolio company, and has previously served on other ACON fund portfolio company boards, including Igloo Products and RMH Franchise Investments. In with Honors in Industrial Engineering from Instituto Tecnolgicoy de Estudios Superiores de Monterrey (ITESM) and an M.B.A. from Stanford University. Fernando Tena is an Associate at ACON Investments. Previously, she was a Program Coordinator at the U.S. Department of Homeland Security (DHS) Science & Technology Directorate (S&T) Office of University Programs (OUP), where she handled deliverables monitoring and grant and regulatory compliance for multi-year projects. Mr. Yano holds a Bachelors in Business Administration from Fundao Getulio Vargas (FGVEAESP). and certain other approvals and the execution of definitive agreements. Mr. Hanono spent 15 years as founder, president and CEO of Hidrotenencias, a former ACON fund portfolio company in Panama. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. In 2020, Ms. Huang rejoined ACON as Assistant Controller and was promoted to Controller in 2022. Prior to that, Mr. Menges was a Vice President and Controller with Fortress Investment Group and Mount Kellett Capital Management, working on global multi-strategy funds with an emphasis on special situations and opportunistic investing across a diverse range of investment products and geographies. JBK has acquired data center, office and industrial and retail assets, and is a founding principal of DataGryd Data Centers. Mount Kellett was set up in 2008 by a group of former Goldman partners looking to buy distressed assets in many sectors of the economy in the wake of the financial crisis. in Accounting from The University of Texas at Arlington. Ms. Redburn holds a B.S. Vision, a prior ACON fund portfolio company. Mr. Schwartz has co-led investments in or served as a board member for numerous private companies prior to joining ACON, including among others, the following businesses: Simmons, Riddell Bell Sports, 1-800 Contacts, Commonwealth Laminating, i-Robot and Harry Winston. Ms. Truong holds a B.S. Mr. Gershenfeld received a B.S. from UCLA School of Law. in Physiology and Neurobiology from the College of Computer, Mathematical and Natural Sciences at the University of Maryland, College Park. Acon Investments, L.L.C. partnering with Fortress. In 2002, Mr. Adams served as the first Executive Director of the United States Air Transportation Stabilization Board. in Economics from Johns Hopkins University. Mr. Briger is responsible for the Credit and Real Estate business at Fortress. Pulley is responsible for the execution of the investment programs of the Fortress Japan Opportunities Funds and the Fortress Japan Income Fund. Mount Kellett managed about $7.5 billion in regulatory. The. Prior to co-founding ACON in 1996, Mr. Brotman was a Partner of Veritas Capital, a New York-based private equity investment firm. Read More. Mr. Corts serves on the Board of Directors of Citla Energy and Grupo GMI, each ACON fund portfolio companies. In addition, Mr. Galvo has been involved with private equity investments in Debenhams, Dominet Bank, Juncadella Prosegur, Procomp and Rexel. No software installation. On any device & OS. Andrew Axelrod, a former managing director at Mount Kellett Capital Management, is starting his own hedge fund firm with backing from billionaires Louis Moore Bacon and Julian Robertson. any change in the Companys expectations with regard thereto or any She is a Fulbright Scholar and published author. Mr. Polo holds a B.S. Investment Officer of Mount Kellett. statements speak only as of the date of this press release. He joined GED Capital from the Spanish public company AESA, which belongs to the SEPI Group, where he was the Finance Director. Jose Miguel Knoell is a Managing Partner at ACON Investments. Fortress businesses, across its private equity funds and credit funds specialize in asset-based investing, and bring to bear significant experience in investing broadly and deeply in a diverse set of asset types. Our experience in corporate mergers and acquisitions enables us to work with corporate boards of directors, management and various stakeholders in order to determine optimal structuring and execution of an investment. Prior to joining Fortress in August 2006, Mr. Gershenfeld spent thirteen years at Goldman, Sachs & Co., where he became a managing director in the tax department. asset classes and industries, including real estate. Our investment model benefits from collaboration among our investment teams and brings to bear all of our diverse resources and perspectives. Marta de Oca is an Analyst for ACON Southern Europe Advisory. Prior to that, Mr. Vaish was an Analyst at Raymond James, where he worked on mergers and acquisitions transactions within the Consumer and Retail industries. We are very pleased to be in Finance from Oregon State University. In addition to his responsibilities at the corporate level, Mr. Menges played a key role in building out the operations of several portfolio companies across multiple industries, including agriculture, renewable power, real estate, and infrastructure. Before that, he was a Senior Consultant at the Monitor Company. She also served as a board director of seven Perseus portfolio companies. Fortress Investment Group has formed an alliance with Mount Kellett Capital Management under which a Fortress affiliate will become co-manager with Mount Kellett of the Mount Kellett investment funds and related accounts. Complete a blank sample electronically to save yourself time and money. Peter M. Smith is a managing director in the Private Equity business at Fortress Investment Group LLC and is also a member of the firms Management Committee. Cloud in Banking & Payments Filings Trends Q3 2022, Whos saying what? The firm is headquartered in New York. Among his current positions, Mr. Ginns serves on the board of Sequitur Energy Resources. Before joining UBS in 1997, Mr. Nardone was a principal of BlackRock Financial Management, Inc. JBK has completed transactions with Fortress Investment Group, Mount Kellett Capital Management, NTT, Telx/Digital Realty Trust, Zayo, DataGryd Data Centers, Fidelity Investments/LongWharf Real Estate Partners, Cornerstone Real Estate Funds and UBS. . Prior to commencing to consult for ACON in 2021, Mr. Archila was a Corporate Finance Associate at Amfora Packaging (an ACON portfolio company), where he provided corporate finance advisory services to the group. Prior to that, Mr. Bass was a senior associate in the International Tax Practice at Coopers & Lybrand. in Industrial Engineering with a minor in Business Law from Universidad de los Andes in Bogot, Colombia. Managing Principal Ray Iwanowski Founding Principal Senior Leadership Back to top Tony Kao Managing Principal Kam Chang Head of Client Advisory Scott Freemon, CFA Head of Strategy and Risk Matt Gillis Head of Implementation Pattie Hand Chief Compliance Officer Dmitri Smolansky Head of Portfolio Management Function Heads Back to top Erik Davey Pack attended the United States Air Force Academy and received a B.A. Anjali Jolly is a Partner at ACON Investments. Mr. Kriger joined the firm in 2017. Subscribe to see more. Prior to joining New Mountain, Mr. Porter was a Principal of Bayside Capital, the credit and special situations platform of H.I.G. Mr. Runt is a member of the firms Management Committee. Pack is also the Co-CIO of Credit & Lending Funds at Fortress. Outside of ACON, Ms. Bernstein serves on the National Board of Out Teach, a teacher-development nonprofit focused on outdoor experiential learning. management fees, incentive income and investment income, the amount and Blackstone. Over the course of his career at Deutsche Bank, he held the positions of managing director of DB Capital Partners and managing director, Global Business Area Controller of Deutsche Banks Corporate Investments Division. The firm currently has approximately $5 billion in assets under management. Mount Kellett Capital Management/Fortress Investment Group Jul 2012 - Mar 20163 years 9 months Irving, TX Global head of real estate asset management. The Version table provides details related to the release that this issue/RFE will be addressed. Fortress Investment Group LLC (NYSE:FIG) (Fortress), a leading, For non-personal use or to order multiple copies, please contact Previously, Mr. Harbour was a Managing Director at Fortress Investment Group, which he joined as part of a strategic transaction with Mount Kellett Capital Management LP. Kenneth Hurley is an Associate at ACON Investments. Mo Bawa is a Partner at ACON Investments. He currently serves as chairman of the investment committee and a member of the board of directors of Grupo Assa (a Central American public insurance company), a member of the board of directors of PRIMA Sociedad de Inversion Inmobiliaria, S.A. (a Panamanian public REIT) and has previously served as a director of other private equity portfolio companies in the food processing, financial and light industrial sectors. Prior to founding SandsPoint Capital Advisors LLC, Kevin served as the Chief Operating Officer and Chief Financial Officer for Mount Kellett Capital Management, a $3 billion first time. statements, and any such differences could cause the Companys actual Fortress Principal and Co-Chairman of the Board of Directors. and important factors that could affect such forward-looking statements, The Foundation was funded with a portion of the proceeds from the sale of Carulla Vivero, a prior ACON fund portfolio company. Prior to joining Fortress in February 2005, Mr. McKnight worked at Fir Tree Partners where he was responsible for analyzing and trading high yield and convertible bonds, bank debt, derivatives and equities for the value-based hedge fund. Mr. Dickens received a B.S. Mr. Delgado began working with ACON in 2018. Mr. Marin started his career as an Analyst at Arcano Partners, a privately-owned investment banking boutique based in Madrid, Spain. Cybersecurity in Banking & Payments Filings Trends Q3 2022, Tech for good: How Scottish fintech companies are relieving the cost of living crisis, How quantum technologies will transform fintech, Grow your asset finance arm with high-functioning origination capabilities, Competitor Profile: RBC Wealth Management, Credit Suisse targets rich Asian clients with higher deposit rates, Julius Baer to accelerate hiring in Asia as China reopens, Track the M&A and Capital Raising volumes into their target market, Identify the top sectors in the target market attracting the investments, For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment, Assess and showcase the growth potential for various Industries in the target economy. 175+ Exhibitors Projected: Geo Week's vendor-neutral show floor is a one-stop-shop for the newest technology. Mr. McKnight received a B.A. Mr. Delgado received a B.S., summa cum laude, in Business Administration and Management Information Systems from the University of Nebraska, and an M.B.A. from the University of Chicago Booth School of Business. Before that, Mr. Semmler was a Managing Partner at GED Capital, a Spanish mid-size private equity firm. Mount Kellett Capital Management 2013-2016 Vice President Fortress Investment Group 2015-2016 Compliance Associate Avenue Capital Group 2007-2013 Education undergraduate degree - Communications University of Georgia Juris Doctorate New York Law School View Scott Justin's full profile Org Chart - New Mountain Capital Scott Justin