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That could be true, but I suspect not. Fortress does have a reasonable sized distressed business which include both debt and credit. Also the loan Fortress gave
by sseveran 9y ago
That could be true, but I suspect not. Fortress does have a reasonable sized distressed business which include both debt and credit. Also the loan Fortress gave them was contingent on certain milestones being met, so its not like they just wired the $100M. It's a good bet that the milestones are not being met. It's also unlikely that Fortress's distressed business is likely to fund a growing startup. They are specifically looking for assets that look bad but they can find value in.