Charles Spetka to Lead Fortress's New Middle East Office

Investor - People | May 16, 2025 | Fortress Investment Group LLC (NYSE:FIG)

Charles Spetka to Lead Fortress's New Middle East Office

Fortress Investment Group LLC has announced the appointment of Charles Spetka as Head of its newly established Middle East office in Abu Dhabi. This strategic move underscores the firm's commitment to expanding its operations in the Gulf region, tapping into the dynamic investment landscape. Spetka, who brings substantial experience in investment management and real estate finance, previously served as CEO of CW Financial Services, which was acquired by Fortress. He has spent the past five years in the UAE and over 15 years with Fortress, including board roles for its portfolio companies. In his new role, Spetka will focus on capital-raising and investment activities across various sectors such as real estate, infrastructure, and technology. This expansion aligns with Fortress's goal to create long-term value and build relationships with local partners in the region. The firm, which manages $50 billion in assets, sees this as a key step in its broader strategy to bolster global operations.

Sectors

  • Investment Management
  • Private Equity
  • Real Estate Finance

Geography

  • United Arab Emirates – The article focuses on the new office opening of Fortress Investment Group in Abu Dhabi, UAE, as part of its Middle East expansion strategy.
  • Middle East – Fortress aims to expand its operations and investments within the broader Middle Eastern market, as highlighted by their strategic Middle East office in Abu Dhabi.

Industry

  • Investment Management – The article discusses Fortress Investment Group's expansion and appointment of a key executive, highlighting the company's role in managing diverse investments globally.
  • Private Equity – Fortress Investment Group is highlighted in the article as managing private equity and permanent capital strategies, focusing on capital-raising and investment activities.
  • Real Estate Finance – The article mentions Charles Spetka's experience in real estate finance, a sector that will be a focus for Fortress's expanded operations in the Middle East.

Financials

  • $50 billion – The assets under management by Fortress Investment Group as of 31 December 2024.

Participants

NameRoleTypeDescription
Fortress Investment Group LLCCompany - Private Equity FirmCompanyA leading global investment management firm with a diversified range of investment strategies.
Charles SpetkaHead of Middle East OfficePersonRecently appointed to lead Fortress's new Middle East operations, bringing extensive experience in investment management and real estate finance.
Drew McKnightCo-CEO of FortressPersonPart of the leadership team welcoming Spetka to drive Fortress's Middle East expansion.
Josh PackCo-CEO of FortressPersonPart of the leadership team welcoming Spetka to drive Fortress's Middle East expansion.