Former investment bankers at Lehman Brothers and UBS are behind next month's planned flotation of Eurocastle Investment, which invests in European real estate-related asset-backed securities and is managed by Fortress Investment Group.
Fortress, a US global alternative investment and asset management firm with approximately $6.8bn (€5.5bn) of assets under management, was founded in 1998 by former investment bankers Wesley Edens, Robert Kauffman and Randal Nardone.