Davis Polk advised Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as the underwriters in connection with an SEC-registered block trade of 28,280,000 Class A shares representing limited liability interests in Fortress Investment Group LLC. As part of the offering, certain officers and senior employees of Fortress, including Fortress principals, sold 5,077,141 Class A Shares. The aggregate proceeds of the offering were approximately $227.4 million. Fortress’s Class A shares are traded on the New York Stock Exchange under the symbol “FIG.”

Fortress is a leading, highly diversified global investment management firm with approximately $61.8 billion in assets under management as of December 31, 2013. Fortress applies its deep experience and specialized expertise across a range of investment strategies on behalf of our over 1,500 institutional clients and private investors worldwide.

The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associates Connor Kuratek and Branden C. Berns. The tax team included partner Michael Mollerus and associate Nicole P. Field. All members of the Davis Polk team are based in the New York office.