Fortress Investment Group, which manages $45.7 billion across credit, real estate, private equity and permanent capital investment strategies, has launched a new business offering alternative investment products for retail and HNW investors.
Fortress Private Wealth Solutions is co-headed by Managing Directors Nils Wilson and Adam Bobker, who’ve been tasked with bringing 20-plus-years-worth of institutional-grade alternative investment expertise to the rapidly expanding retail investment arena.
Wilson joined Fortress in 2005 and has been a managing director in the firm’s capital formation group since 2010. Bobker joined Fortress last month from BlackRock, where he was managing director and head of that firm’s Private Wealth Advisory Group and Alternative Investment Sales. The pair report to Fortress Global Head of Capital Formation and Investor Relations Todd Ladda.
Products created and managed by Fortress Private Wealth Solutions and its affiliates will be distributed through agreements with leading wirehouses, private banks, registered investment advisors (“RIAs”) and independent broker/dealers. Third-party distribution of Fortress Private Wealth Solutions products will be supported by a dedicated internal sales and marketing team in addition to regional sales executives, officials said.
Joining Wilson and Bobker in the new business are Rich Lesser, managing director and head of external East Coast sales, and Jerome Hayden, senior vice president and head of the internal sales desk.
Fortress said it plans to announce the appointment of additional sales and marketing leads in the coming months.
