Fortress Investment Group Makes $130M Minority Investment in Nassau Financial Group
September 1, 2023
Fortress Investment Group invested $130 million in Nassau Financial Group, acquiring a minority non-voting common equity stake (approximately 7.7%) as part of a strategic partnership that closed on September 1, 2023. The deal includes a long-term Investment Management Agreement giving Nassau's insurance subsidiaries access to Fortress' credit strategies; Golden Gate Capital remains Nassau's majority shareholder.
- Targets
- Nassau Financial Group, L.P.
- Industry
- Financial Services
- Location
- Connecticut, United States
- Transaction Type
- Growth capital
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