(FINalternatives) Fortress Investment Group has raised $590 million in total accepted capital for a new secured lending fund.The new fund, named the Fortress Secured Lending Fund, was oversubscribed and closed nearly 20% over its original target of $500 million, the company said in a statement. It received support from 56 external investors, including 30 new to Fortress and will become the primary funding source for the firm’s established specialty finance lending business. The specialty lending unit has committed approximately $5 billion across over 80 lender finance transactions since 2006.
Fortress Investment Group Raises $590m for New Secured Lending Fund
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