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Fortress

Peer to Peer Lending
·Feb. 27, 2017

Prosper Finally Closes Their Big $5 Billion Deal

It was almost seven months ago when the news first came out about a massive deal that was in the works...
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Peer to Peer Lending
·Aug. 4, 2016

Prosper Working on the Biggest Deal in the History of the Industry

The Wall Street Journal is reporting today on a potential $5 billion investment into Prosper loans. This deal has not...
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Asia/PacFintechNews Roundup
·Feb. 15, 2017

SoftBank Acquires Fortress Investment Group

SoftBank is a telecommunications and internet focused business with its headquarters in Japan; the firm has announced it will be acquiring asset manager Fortress Investment Group for $3.3 billion; SoftBank owns and invests in a range of internet and digital businesses; the acquisition follows a previous collaboration between SoftBank and Fortress on a new $100 billion Vision Fund; Fortress will be run independently from SoftBank after the acquisition and will be led by existing Fortress principals Pete Briger, Wes Edens and Randy Nardone with close collaboration on the Vision Fund.  Source

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