A Valued Provider of Customized Financing Solutions in a Capital-Constrained World.
Leveraging Specialized Sector Expertise to Transform Businesses and Create Long-Term Value.
Is focused on making control-oriented investments in cash flow generating assets and asset-based businesses primarily within Latin America and the Caribbean region.
The Private Equity team applies a value-oriented, opportunistic investment approach with active, hands-on management in large, addressable markets where Fortress has significant experience and expertise.
While we are open to investments across a range of industries, sectors in which we have made substantial private equity investments recently include Financial Services, Transportation, Trade and Supply of raw material, Exploration and Production, Oil Field Services, alternative Energy, Engineer and Construction and Infrastructure.
Our finantial business is a leading, global alternative investor, managing assets on behalf of many of the world’s most prominent and sophisticated allocators, including public and private pensions, sovereign wealth funds, large institutions and private clients.
Our overriding objective is to protect and grow our investors capital, applying the discipline, rigor and expertise honed through decades of investment experience through a full range of market, economic and credit cycles and across asset classes, structures, geographies and industries.
Our Credit business today delivers local expertise with a global perspective in locations worldwide.
Managing Partners and co-Chief Investment Officers, have worked together for nearly two decades, and today lead a team of professionals, devoted to asset management.
We believe that the depth and breadth of our resources our intellectual capital, investment, origination, asset management and servicing capabilities, and our time-tested and disciplined processes—distinguish and differentiate our businesses from the vast majority of market participants.
Certain themes define the Private Equity Funds investment approach and illustrate how the team identifies, underwrites and creates value across many of Ternmen’s private equity investments.
These themes include:
Across a broad spectrum of industries, the private equity team has significant experience investing in physical
and financial assets ranging from railroads and airplanes, solar facilities and real estate, to loans and leases secured
by commercial and consumer assets. In our view, asset-based investing provides a foundation of value against
which investments can be underwritten and financed, and also facilitates a broader range of exit alternatives.
Asset-based investments with stable long term cash flows can also provide an attractive option for taking advantage
of positive economic trends while avoiding the “binary” outcomes linked to the vagaries of short-term economic events.
The Ternmen Private Equity Funds look for investments that can be acquired at attractive valuations, often as a result of structural complexity, distress, or disfavor within the capital markets.
In our experience, many of the best investments are made in difficult or changing environments, particularly when disruptions in the capital markets lead to a scarcity of funding for capital intensive businesses.
This is true for whole company acquisitions as well as for opportunistic add-on investments within existing portfolio companies.
To secure the most compelling investment opportunities, the private equity team evaluates situations involving multiple asset classes, elaborate capital structures, and multifaceted tax and regulatory issues. Fortress’s investments are often at the nexus of private equity, distressed debt and asset-based investment disciplines, and require a multidisciplinary asset and corporate level approach to unlock value and optimize investment returns.
In our experience, Ternmen willingness to tackle complicated situations creates unique value buying opportunities.
The Ternmen Private Equity Funds take a flexible, opportunistic investment approach, and will pursue a broad range of transaction types and structures in order to secure the best investments. The Funds principally make direct control-oriented equity investments, but may also acquire assets or make debt investments, and, where appropriate, build portfolio companies to own and manage those assets. While primarily focused on companies with long term growth prospects, we will also buy runoff businesses and portfolios where cash flows are expected to be significant.
In addition to public and private market buyout investments, we have completed significant acquisitions from governments seeking to privatize assets. In distressed situations, we will seek to secure corporate ownership or control by working with a company’s board of directors or creditor’s committee in order to guide in the restructuring or recapitalization process (including through bankruptcy restructuring). Finally, our investment program includes a significant focus on build-ups in consolidating industries.
The Ternmen Private Equity Funds take an extremely active, hands-on approach to managing investments.
Ternmen relies on a team of investment professionals to work with our companies’ management teams on the operations, capitalization, capital deployment and strategic development of the portfolio investments.
To assist portfolio company management through the evolution of their businesses, Ternmen has created an Operational Support team made up of professionals with expertise in various functional areas such as: procurement services; risk management; accounting; internal and external financial reporting; financial planning and analysis; information technology; and control and compliance support.