Fortress Japan Fund Raises $1.1B


Fortress’ Japan Opportunity funds primarily focus on distressed real estate debt and assets in Japan.

TOKYO—Fortress Investment Group has held the close of Fortress Japan Opportunity Fund III (FJOF III) at the fund’s cap. Investor subscriptions, in either USD or JPY, totaled approximately $1.1 billion.

FJOF III is a successor fund to FJOF II and FJOF, which closed at their respective caps in December 2012 and June 2010. As of 30 September, 2015, FJOF and FJOF II (Yen) had generated annualized inception-to-date net IRRs of 32.3% and 23.5%, respectively. FJOF III had invested over JPY17 billion of capital across 10 closed transactions through September 30. The fund is expected to be fully-invested over the next 24 months.

Fortress’s Japan Opportunity funds primarily focus on opportunistic investments in distressed real estate-related debt and other assets in Japan. The funds seek to capitalize on dynamics related to significant de-leveraging by financial institutions and near-term debt maturities: supply demand gaps, limited credit availability, price distortions, volatility and sales of non-core or distressed real estate-related assets. Since 2009, the FJOF funds have invested over JPY210 billion of capital in opportunistic real estate debt and related assets in Japan…

Fortress Japan Fund Raises $1.1B


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