Fortress Drawbridge Special Opportunities Funds Recognized for “Best Credit Long-Term Performance” at 2022 With Intelligence HFM US Performance Awards

NEW YORK--(BUSINESS WIRE)--The Fortress Drawbridge Special Opportunities Funds (“DBSO”) received top honors for “Credit Long-Term Performance (5 Years)” at the With Intelligence HFM US Performance Awards 2022, held on October 18 in New York City. Winners were chosen by a panel of leading institutional and private investors and investment consultants, who focused on absolute performance as well as standard deviation of returns and outperformance of the relevant With Intelligence benchmark index.

The 2022 award is the most recent in which Fortress has received top honors at the annual US Performance Awards. In 2021, Fortress was recognized for “Diversity and Inclusion Achievement.” The DBSO funds were named best “Credit Fund Over $1 billion” in 2019, 2016 and 2015, and best “Credit Fund, Long Term Performance Overall” in 2018, 2017, 2014 and 2013.

“We thank With Intelligence for this recognition, which reflects the success of over 500 professionals on our Credit team in navigating extraordinary markets to achieve our primary objective – generating strong risk-adjusted returns over time for our limited partners,” said Drew McKnight, Fortress Managing Partner.

With approximately $6.3 billion under management as of August 2022, DBSO is focused on making highly diversified investments globally in undervalued and distressed assets, including loans, assets and corporate securities. The firm’s flagship Drawbridge Special Opportunities Fund LP, which has built a 20-year track record since its launch in 2002, recorded inception-to-date and 5-year annualized net returns of 10.1% and 8.7%, respectively, through August 31, 2022.

About Fortress

Fortress is a leading, highly diversified global investment manager with over $44 billion of assets under management as of June 30, 2022. Founded in 1998, Fortress manages assets on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.