Japanese debt fund holds final close of $1.1b
Fortress Investment Group held a final close of approximately $1.1 billion for its Fortress Japan Opportunity Fund III, according to a statement.
The fund will focus primarily on distressed real estate–related debt in Japan. The fund is expected to be fully invested during the next 24 months.
In the past year, the fund has received commitments from the Virginia Retirement System, the San Francisco Employees’ Retirement Board and the Hawaii Employees’ Retirement System.
The fund’s predecessor held a final close of $1.3 billi