Fortress Expands Private Lending Team with Key Appointments
People | Feb 24, 2025 | Fortress Investment Group LLC (NYSE:FIG)
Fortress Investment Group has strategically expanded its non-sponsor private lending team by appointing Eric Hartman and Bill Tefft as Directors in Private Credit Origination. Reporting directly to Andy Frank, Head of Private Credit Origination, Hartman and Tefft will leverage their extensive experience to focus on non-sponsored lending opportunities. Hartman brings over 25 years of experience in banking, having last served as Managing Director at TD Bank, and has a strong background in capital-raising and multi-bank syndicated credit facilities. Tefft, with nearly 20 years of experience, has a history supporting middle-market companies and was previously a Director at BMO Bank. These appointments are part of Fortress's strategic aim to enhance its ability to offer flexible financing solutions across a diverse range of corporate and sponsor counterparty needs. Fortress, a global investment manager, manages approximately $49 billion in assets and is renowned for its thorough approach to credit and private equity investments.
Sectors
- Private Equity
- Private Lending
Geography
- United States – The appointments and operations of the non-sponsor private lending team are noted to be based in various U.S. locations including West Palm Beach, FL, and Chicago, IL.
Industry
- Private Equity – Fortress Investment Group operates within the private equity space, managing significant assets under this segment.
- Private Lending – The focus on non-sponsor private lending as highlighted by the appointments points to the importance of private lending in Fortress's strategic operations.
Financials
- $49 billion – Assets under management by Fortress Investment Group as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fortress Investment Group LLC | Investment Firm | Company | A global investment manager managing a diverse range of investment strategies, including credit, real estate, and private equity. |
| Eric Hartman | Director, Private Credit Origination | Person | Appointed as Director at Fortress to enhance private credit origination, bringing 25+ years of banking experience. |
| Bill Tefft | Director, Private Credit Origination | Person | Joins Fortress with nearly 20 years of experience supporting middle-market companies in various financial transactions. |
| Andy Frank | Managing Director, Head of Private Credit Origination | Person | Oversees the private credit origination at Fortress, instrumental in the new appointments of Hartman and Tefft. |