Mr. Waida began his career at PricewaterhouseCoopers, where he worked in assurance in New York and Canada serving a range of industry-leading clientele, including private equity and hedge funds, fund of funds, mutual funds, and consumer and industrial products and services companies. it is not possible for the Company to predict or assess the impact of Last year, members of a committee of investors, which represents 77% of the 1.8 billion PIK loan, were funds affiliated with each of Alcentra Ltd., Fortress Investment Group/Mount Kellett Capital Management, GoldenTree Asset Management LP, HIG Capital International Advisors LLP/Bayside Capital, Sound Point Capital Management LP, and Varde . Fortress's expertise extends to pricing, owning, financing and overseeing the management of physical and financial assets ranging from real estate and capital assets to financial assets secured by diversified long-term cash flows. There, Ms. Bernstein focused on private equity fund formation, private equity investments and M&A. Anjali Jolly is a Partner at ACON Investments. Industry Knowledge Operations Management Corporate Mergers and Acquisitions Capital Markets Assets Under Management: Unresolved: Release in which this issue/RFE will be addressed. In that capacity, he was responsible for investing and managing private investment funds in Latin America. Founded in 2008, Mount Kellett has offices in New York, Dallas, Hong Kong, London, Mumbai, and Mauritius. Do whatever you want with a Ngati Toa Rangatira Statement of Cultural Association with the . Route cause analysis. From 1989 through 1993, Mr. Aronson served as U.S. Assistant Secretary of State for Inter-American Affairs under Presidents Bush and Clinton. in Economics from Columbia University. firm, today announced they have reached an agreement for an affiliate of Mr. Galvo started his professional career in Merrill Lynchs Latin America Investment Banking Group in New York. Mr. Delgado received a B.S., summa cum laude, in Business Administration and Management Information Systems from the University of Nebraska, and an M.B.A. from the University of Chicago Booth School of Business. Previously, Mr. Machado has served on the board of Dori Alimentos, an ACON fund portfolio company, and of Conexo, a prior ACON fund portfolio company. Bernard Aronson is a Founder and Managing Partner of ACON Investments. Masumi Waida is the Chief Financial Officer of ACON Investments. in Physiology and Neurobiology from the College of Computer, Mathematical and Natural Sciences at the University of Maryland, College Park. see the sections entitled Risk Factors and Managements Discussion Mr. Brotman serves as a member of the Board of Directors of the following ACON fund portfolio companies: Atlantic Sustainable Catch, Bargain Hunt, Beauty by Imagination, Diverzify+, Fleetwash, Funko, New Era, Novipax, ProEnergy, SUZOHAPP and True Value. Previously, Mr. Schwartz was the founder of Constructivist Capital, which worked with family offices and other capital providers, including ACON Investments, to evaluate illiquid investment opportunities and was a Managing Director at Avenue Capital Group. Prior to joining ACON in 2017, Ms. Jolly was the founder of DuMonde Management, LLC, an advisory firm that provided strategic and corporate development services to middle market companies and private equity firms. Ms. Thever holds a B.A., summa cum laude, in Economics from Tufts University, an M.B.A. from The Wharton School and a Master in Public Policy from the Harvard Kennedy School. Ms. Jolly holds a B.S.,summa cum laude,in Systems Engineering and Finance from the University of Pennsylvania (M&T Program), and an M.B.A. from the Harvard Business School. Investment Officer of Mount Kellett. Previously, Mr. Corts served on the board of Waldos, which merged into Grupo Vizion, a current ACON portfolio company, and Hidrotenencias, a former ACON portfolio company. Certain statements in this press release may constitute forward-looking Prior to that, Mr. Vaish was an Analyst at Raymond James, where he worked on mergers and acquisitions transactions within the Consumer and Retail industries. Summary. Mr. Polo serves on the Board of Directors of Amfora Packaging, Biosidus, Salesland and Vitalis, each ACON fund portfolio companies. Pack was a Vice President with American Commercial Capital, an independent specialty finance company focused on corporate and real estate lending to middle market businesses that was subsequently acquired by Wells Fargo & Co. in 2001. in Economics, cum laude, with a concentration in Finance from Instituto Tecnolgico Autnomo de Mxico (ITAM), where his thesis was awarded an honors distinction by the Mexican Stock Exchange (BMV). Securely download your document with other editable templates, any time, with PDFfiller. Mr. Vaish also holds an M.B.A. from The Wharton School. Investment Group LLC or to be added to its e-mail distribution list, Mount Kellett is a multi-strategy private investment firm focused on global value, special situations and opportunistic investing across asset classes and industries, including real estate. and important factors that could affect such forward-looking statements, JBK Capital has completed transactions with Mount Kellett Capital Management, Fortress Investment Group, NTT, Telx, Fidelity Investments/LongWharf Real Estate Partners, Cornerstone Real Estate Funds and UBS. Jack Neumark is a Managing Director, serving on the investment committee for the Credit Funds. Mr. Weidemeyer holds a B.S.,summa cum laude, in Finance and a B.A.,summa cum laude, in Economics from the University of Maryland, College Park. Additionally, affiliates of Fortress will become special limited Prior joining ACON in 2021, Ms. Aguilar worked as a Regulatory Analyst at Talos Energy and as a Health, Safety, Social & Environment (HSSE) Manager at Citla Energy, each a private equity owned company in the oil industry in Mexico. Mauricio Corts is a Partner at ACON Investments. He serves on the Board of Directors of the following ACON fund portfolio companies: Bargain Hunt, Funko and Pine Environmental Services. any change in the Companys expectations with regard thereto or any Our investors will benefit from the access and Previously, Mr. Polo worked in the Corporate Finance Group of the main telecommunications firm in Bogot and also worked as an Investment Analyst in the private equity unit of Corficolombiana, a leading Colombian merchant bank with assets in excess of $3.0 billion. Prior to Fir Tree, Mr. McKnight worked at Goldman, Sachs & Co. in Leveraged Finance and the Distressed Bank Debt trading group. with Honors in Chemical Engineering from Universidad Nacional Autnoma de Mxico (UNAM) and an MSc in Environmental Impact Assessment, Auditing and Management Systems from University of East Anglia. Funds. A. Todd Ladda is a managing director and Global Head of Credit for the Fortress Capital Formation Group, LLC, a member of FINRA, where he is responsible for capital raising and investor relationship management for the Credit Funds at Fortress Investment Group LLC. Continue reading your article witha WSJ subscription, Already a member? in Accountancy, concentration in international taxation, from the Virginia Polytechnic Institute and State University (Virginia Tech). Prior to joining Arco, Mr. Hernandez was a Director in the European Mergers and Acquisitions group of UBS in London. Kenneth Hurley is an Associate at ACON Investments. Mr. Marn earned a B.A. Mr. Jinich serves on the Board of Directors of BioMatrix and IWP (Chairman), each ACON fund portfolio companies. Prior to joining Blackstone, he was an Associate and Founding Member of GBS Finanzas, a privately-owned investment banking boutique based in Madrid, Spain. Mr. Yano holds a Bachelors in Business Administration from Fundao Getulio Vargas (FGVEAESP). Suma Kulkarni is a Partner at ACON Investments. 1/25/2014. Woo was a staff accountant at a local CPA firm in Virginia, where she managed tax filings and financial reporting for small business clients. revisions to any forward-looking statements contained herein to reflect Woo was an Accounting Manager at the Korea International Trade Association (KITA) Washington Center, where she was responsible for the financial statement, commercial leasing and full range of property accounting. Previously, he was an Investment Banking Associate with Banco Santander, where he advised clients in corporate finance and cross-border M&A assignments. billion in assets under management. amounts may differ, possibly materially, from these forward-looking Prior to joining ACON in 2021, Ms. Thever was a Partner at Bridge Investment Group, a $26bn real estate private equity firm. Prior to that, she was a Junior Analyst at BBVA Corporate and Investment Banking in London, in the Leveraged Finance team covering the EMEA region. Mr. Dakolias serves on the Board of Trustees for Columbia University, the American School of Classical Studies at Athens, and the Millbrook School. Mr. Hanono received a B.S. Rodrigo Galvo is a Partner at ACON Investments. For more information regarding Fortress Mr. Rice holds a B.A. degree from the Wharton School at the University of Pennsylvania with concentrations in finance, accounting and multinational management. Prior to joining ACON in 2021, Ms. Mnguez was the lead ESG ratings coordinator under the Executive Chairmans Office of Banco Santander. statements, and any such differences could cause the Companys actual Mr. McKnight is a Managing Partner of the Fortress Credit Funds Business. Before that, Mr. Pack is a Managing Partner of the Credit Funds Business. Before joining UBS in 1997, Mr. Nardone was a principal of BlackRock Financial Management, Inc. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. Mr. Bawa has also held investment banking and principal investing positions with Houlihan Lokey Howard & Zukin, Enron Capital & Trade Resources and Banc of America Securities. United States. A new U.S. intelligence report didnt pinpoint a cause for the wide range of symptoms but said factors such as pre-existing medical conditions were probably behind the incidents. ACONs team of investment professionals has years of investing, operating, strategy consulting and financial advisory experience. Mr. Hernandez received a B.Sc., summa cum laude, in Finance, Investments and Economics from Babson College. The developers behind the long-stalled Flushing Commons project are about to sign off on about $300 million in debt and equity financing for phase one of the massive mixed-use Queens complex.. In this position, Roger oversaw. Prior to that, Mr. Machado was an Associate with FM&Co., a cross border M&A advisory boutique in New York. Mount Kellett is a multi-strategy private investment firm focused on global value, special situations and opportunistic investing across asset classes and industries, including real estate. Footnotes: Mr. Nardone is a principal and has been a member of the Board of Directors of Fortress Investment Group LLC since November 2006. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Whalewisdom has at least 32 13F filings, 34 13D filings, and 21 13G filings. He started his career at HSBC and Lloyds Bank, where he spent seven years in corporate banking and structured finance. Diogo Yano is a Director at ACON Investments. In Mr. Nardone received a B.A. Engaged to manage funds and accounts previously managed by D.B. Fortress Asia Macro Funds transitioned to Graticule Asset Management Asia, L.P. Use the CB Insights Platform to explore Fortress Investment Group's full profile. Bradley Walker is a Director at Terra Capital Partners based in New York City, New York. David Sandler is a Director of Treasury and Operations at ACON Investments. Mr. Neumark received his B.A in European History from Vanderbilt University and his J.D. The strategic alliance between Mount Kellett and Fortress brings In this position, Roger oversaw the management of a portfolio of $6.5 billion and worked closely with operating partners in acquiring, formulating and executing asset strategy in order to maximize value and investment returns. Mr. Smith worked at CRIIMI MAE Inc. from 1991 to 1996. Mr. Smith received a B.B.A. change in events, conditions or circumstances on which any statement is Prior to that, Mr. Bass was a senior associate in the International Tax Practice at Coopers & Lybrand. Mr. Schwartz serves on the Board of Directors of True Value, an ACON fund portfolio company, and has previously served on other ACON fund portfolio company boards, including Igloo Products and RMH Franchise Investments. Mr. Ladda received a B.A. Mr. Hanono spent 15 years as founder, president and CEO of Hidrotenencias, a former ACON fund portfolio company in Panama. in Accounting from The University of Texas at Arlington. with Honors in Humanities from The University of Chicago. In 2020, Ms. Huang rejoined ACON as Assistant Controller and was promoted to Controller in 2022. Previously, Mr. Ginns was a Management Consultant at Booz Allen Hamilton. Able to adapt quickly and work across different businesses and sectors covered in the group. Mr. Mr. Mr. Ginns often serves on the board of ACON fund/investment vehicle portfolio companies. in Accounting and her B.S. please visit www.fortress.com. press release. Mount Kellett Capital Management LP ("Mount Kellett") is a multi-strategy investment firm focused on global distressed, special situations and opportunistic investing. Mr. Dellomo previously served on the boards of Peter Piper and Refac/U.S. Prior to joining Fortress in April 2004 as the Deputy General Counsel, Mr. Brooks spent nearly eight years at Cravath, Swaine & Moore LLP, where he specialized in mergers and acquisitions, capital markets transactions, including initial public offerings and high-yield debt issuances, and providing corporate governance advice to large public companies. She began her career in investment banking in the JPMorgan Financial Sponsor Group executing leveraged buyouts and other capital markets transactions for leading private equity firms. Of that amount, $13.8 billion was invested in credit, of which approximately a third is in real estate. Prior to joining ACON in 1998, Mr. Knoell was a Vice President with the Blackstone Group from 1994 to 1998, where he was responsible for the firms investment and advisory business in Latin America. The Foundation was funded with a portion of the proceeds from the sale of Carulla Vivero, a prior ACON fund portfolio company. with Honors in Economics from Harvard University. Mr. Bass also is a member of the Board of Trustees of the Florida State University Foundation. He is a licensed Certified Public Accountant in the District of Columbia and the Commonwealth of Virginia. Such forward-looking Prior to joining Fortress in August 2006, Mr. Gershenfeld spent thirteen years at Goldman, Sachs & Co., where he became a managing director in the tax department. headquartered in New York. Mr. Briger received a B.A. Marcos Semmler is a Managing Partner and co-founder of ACON Southern Europe Advisory. Henderson Park said it bought Le Mridien Etoile from U.S. group Mount Kellett Capital Management and U.K.-based Cedar Capital. Mr. Managers: Samuel Feinstein, William Joyce, Robert Kaslow-Ramos, George F. Knight III, Geoffrey Manna, Craig Rogerson, Marvin Schlanger, Lee Stewart Financial Advisor: AlixPartners LLP Investment Banker: Moelis & Company LLC (Zul Jamal) Claims Agent: Omni Management Group (*click on the link above for free docket access) Other Parties in Interest: Mr. DeAraujo received a B.S., with honors, in Mechanical Engineering from Michigan State University and an M.B.A. from the Harvard Business School. Prior to joining New Mountain, he was a Principal of Bayside Capital, the credit and special situations platform of H.I.G. The Sydney native studied at Harvard University and had a stint at Mount Kellett Capital Management, the investment firm founded by former SSG executives Mark McGoldrick and Jason Maynard. Ms. Kulkarni holds a B.S. Who is JBK Capital. Headquarters. No paper. NEW YORK CITYThe agreement in principle will bring together teams with extensive experience in special situations and sector-specific knowledge of credit and global real estate. global investment management firm with $69.9 billion in assets under Thomas W. Pulley joined Fortress in 2007 and is the Head of the Fortress Credit Real Estate business and is also a member of the firms Management Committee. in Economics, Management and Public Policy from Rice University and an M.B.A. from The Anderson School at UCLA. Such a sale could bring in money that would help stave off default at the network operator. Prior to joining Fortress, Mr. Neumark was a Senior Vice President at Plainfield Asset Management, a large distressed debt hedge fund based in Greenwich, CT where he was involved in distressed debt and special situations investments. Mr. Galvo has also served on the Board of Directors of Buscap, Euromedic and Integrated Dental Holdings. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. partners of the Funds. Mr. Ladda is also a member of the Management Committee at Fortress. Last chance for up to $40 off TurboTax, In-App Exclusive: 33% Off | adidas Promo Code, 60% off running shoes and apparel at Nike without a promo code. from UCLA. Mr. Brotman has previously served on numerous boards of ACON fund/investment vehicle portfolio companies, including Carulla Vivero, Fairway Media Group, Fiesta Mart, Florimex International, GBarbosa Comercial, Grupo Sala, idX, Igloo Products, Refac/U.S. Louie must pay a $100,000 penalty and Mount Kellett, which is an SEC-registered investment adviser, must pay a $160,000 penalty. Prior to Fortress, Ms. Wall was the Assistant Corporate Controller at Mount Kellett Capital Management, a multi-strategy investment firm where she was instrumental in transitioning accounting functions to the Texas . Subscribe to see more. The firm currently has approximately $5 billion in assets under management. Ms. Cowen is also a member of the Management Committee of Fortress. Kellett will benefit from the scale and resources contained within the Mr. Runt received an A.B. In 2002, Mr. Adams served as the first Executive Director of the United States Air Transportation Stabilization Board. Prior to that, Mr. Menges was a Vice President and Controller with Fortress Investment Group and Mount Kellett Capital Management, working on global multi-strategy funds with an emphasis on special situations and opportunistic investing across a diverse range of investment products and geographies. Prior to commencing to consult for ACON and with ACON portfolio companies, he was a Principal at Investcorp where he was responsible for developing and implementing operational improvement, cost reduction and revenue enhancement programs for portfolio companies. The book is sailor Ishmael's narrative of the obsessive quest of Ahab. Fortress Investment Group has agreed to acquire the investment funds and operating platform of Mount Kellett Capital Management. situations and opportunistic investing, said Peter L. Briger, Jr., He is also a CFA Charterholder. Pedro Mariani is an Associate at ACON Investments. Santiago Delgado is an Operating Director who works directly with certain portfolio companies of funds sponsored by ACON Investments providing advice on a range of operational issues. Distressed and undervalued assets (some with limited current cash flows and long investment horizons) and tangible & intangible assets (real estate, capital assets, natural resources and intellectual property) and a strong institutional framework, said Mark McGoldrick, Chief in Economics from Massachusetts Institute of Technology. Previously, Mr. Kriger was also Senior Vice-President and Head of Global Strategy for Starwood Hotels and Resorts and Vice-President, Strategic Planning for The Walt Disney Company. Among his current positions, Mr. Ginns serves on the board of Sequitur Energy Resources. Ms. Aguilar holds a B.S. Woo earned a B.S. Mr. Knoell started his professional career as an Analyst in the mergers and acquisitions group of S.G. Warburg in Madrid, Spain. He serves on the board of Dori Alimentos, an ACON fund portfolio company and he previously served on the board of Conexo, a prior ACON fund portfolio company. Prior to joining ACON in 2022, Ms. Redburn was an Operations Manager at Little Ambassadors' Academy in Northern Virginia, where she was responsible for budget and office management, general school operations, external communications and supervision of teaching staff. At ACON, we value diversity. Fortresss leadership is committed to maintaining strong corporate governance policies and practices. Mount Kellett will benefit from the scale and resources contained within the institutional framework of Fortress, a global alternative asset manager with USD69.9 billion in assets under management. Mr. Corcuera serves on the board of Cryoholdco, a current ACON portfolio company. Prior to joining Fortress in November 2003, Mr. Bass spent eleven years at Deutsche Bank. in Economics from the University of Maryland, College Park. Prior to commencing to consult for ACON in 2021, Ms. Segura was a Senior Associate at Mendoza Abogados, a boutique Colombian law firm, where she worked on cross-border financings, M&A and leveraged transactions. The transaction is subject to receipt of Mount Kellett investor consent Outside of ACON, Mr. Kriger also serves as a Director of the Lurie Childrens Hospital in Chicago, Illinois. Mr. Edens is responsible for the Companys private equity and publicly traded alternative investment businesses. JBK has acquired data center, office and industrial and retail assets, and is a founding principal of DataGryd Data Centers. Edens still oversees private equity, which represents $12.7 billion of assets. specific knowledge, particularly in credit and global real estate. Previously based in New York, Mr. Campanelli primarily focused on the treasury function at multi-strategy hedge fund managers BlueMountain and BlueCrest Capital. distressed and special situations spectrum.. Mr. Brooks received a B.S. Prior to that, he was a Vice President at Lehman Brothers where he was responsible for overseeing various private equity and hedge fund products. She is a licensed Certified Public Accountant in New York. Previously, he was an Assistant Vice President at State Street within the fund accounting administration team servicing real estate focused private equity clients. Agreement for Fortress to Co-Manage Mount Kellett Funds. Mr. Kriger joined the firm in 2017. of any forward-looking statement will be obtained. He currently serves as chairman of the investment committee and a member of the board of directors of Grupo Assa (a Central American public insurance company), a member of the board of directors of PRIMA Sociedad de Inversion Inmobiliaria, S.A. (a Panamanian public REIT) and has previously served as a director of other private equity portfolio companies in the food processing, financial and light industrial sectors. Ms. Segura began her career at Mijares Angoitia, Corts y Fuentes and Gmez-Pinzn, Tier 1 law firms in Mexico and Colombia, respectively. Ms. Redburn holds a B.S. Prior to joining ACON in 2020, Mr. Menges led the finance, tax, treasury and corporate shared services functions at Indigena Capital, a privately held investment firm specializing in partnering with Indigenous Nations. We are very pleased to be Management LP (Mount Kellett), a private, multi-strategy investment results to differ materially from the results expressed or implied by Mr. Dakolias received a B.S. She is a licensed Certified Public Accountant in the Commonwealth of Virginia. Mr. McKnight heads the liquid strategies and serves on the investment committee for the Credit Funds and is a member of the Management Committee of Fortress. Fortress Investment Group LLC (NYSE:FIG) is a leading, diversified Prior to joining ACON in 2018, Ms. He served as interim Chief Executive Officer from December 2011 to July 2013 and was appointed Chief Executive Officer in August 2013. in Finance from Georgetown University. Previously, Ms. Kulkarni served on the board of Igloo Products, a former ACON portfolio company. Fortress's expertise extends to pricing, owning, financing and overseeing the management of physical and financial assets ranging from real estate and capital assets to financial assets secured by diversified long-term cash flows. Prior to 3i, he worked in the investment banking division of Bank of America Merrill Lynch, where he worked on transactions involving mergers and acquisitions as well as equity and debt issuances. Prior to joining ACON in 2006, he was an Associate with the Technology, Media & Telecommunications Investment Banking Group at Friedman Billings Ramsey, where he was responsible for executing the firms M&A advisory and underwriting activities. Mr. Sandler began his career at the Royal Bank of Scotland where he was an Assistant Product Controller supporting the fixed income and derivatives businesses. Long-term investments in established or emerging category-leading businesses, partnering with management teams to unlock potential for growth and value creation. Resolved: Release in which this issue/RFE has been resolved. Prior to that, Mr. Furstein was co-manager of the opportunistic real estate loan business of Goldman, Sachs & Co. Mount Kellett Capital Management is a hedge fund with 25 clients and discretionary assets under management (AUM) of $617,256,219 (Form ADV from 2022-03-31). Mount The firm closed its first fund, Mount Kellett Capital Partners, in December 2009 Prior to joining ACON in 2022, Ms. Whitley was a Senior Associate at IQ-EQ, a global fund administration and institutional investor services firm, where she was responsible for fund accounting, financial reporting and investor services for various private equity funds and managers. Mr. management fees, incentive income and investment income (loss), We are pleased to join with Mount Kellett and their experienced team of In addition, Mr. Briger serves on the board of several charitable organizations, including the UCSF Foundation and Tipping Point.