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Fortress said to target $1 bln for Japan property fund

Posted on 28 June 2012

Fortress Investment Group LLC (FIG), the investment company overseeing $46.4 billion, wants to raise $1 billion for a Japanese property fund by the end of the year, two people familiar with the plan said.
The company’s second Japan Opportunity Fund, which invests in assets including real estate debt, is in the process of buying $200 million of debt from Japanese and foreign banks with a total principal balance of $1.3 billion, said the people, who requested anonymity because the information is private………………………………………..Full Article: Source


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