Fortress’ debut Asia fund holds closes, does debut deal

The New York-based alternative investment firm revealed it has closed on a deal to buy 1,200 home loans from Lehman Brothers’ Asia subsidiaries for its first ever Asia-focused fund.

Fortress Investment Group has launched its first fund aimed at investing in Asian real estate and has already held “several closings” since its launch in June, according to chairman and chief executive Wesley Edens.

The fund has also made its first acquisition in the region, Edens said during the firm’s second quarter 2009 earnings call.

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