Report: Lighthouse, Fortress Plan Multi-strategy Hedge Funds Merger

Lighthouse Investment Partners is exploring a potential merger of global multi-strategy hedge funds with Fortress Investment Group, Bloomberg reported January 29, citing an internal Lighthouse memo.

The transaction being considered would merge the respective multi-strategy hedge funds of the firms under the management of Lighthouse CEO Sean McGould and Fortress multi-manager group CIO Jeff Runnfeldt. The new fund would replace Fortress's existing multi-manager strategy, according to the report.

The diversified alternative asset management firm noted in its memo that the transaction represents its response to the growing demand of allocators for an investment vehicle more diverse than its existing hedge fund products. In its over two decades of experience, Lighthouse has built a global base of more than 2,200 investors and amassed total assets of $16.1B. 

Meanwhile, Fortress had $49B of AUM and an investor base exceeding 2,000 as at the end of the third quarter of last year. The investment manager specializes in private credit, equity and real estate and has so far invested more than $200B across various industries, including aviation, education, financial services, food and beverage, business services and legal assets.

Source:

https://www.bnnbloomberg.ca/business/company-news/2025/01/29/fortress-lighthouse-team-up-to-build-multistrategy-hedge-fund/

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