Adam Rosenberg, former global head of gaming investment banking at Goldman, Sachs & Co, has joined New York-based Fortress Investment Group LLC as managing director leading its gaming and leisure investment platform, it was announced on Thursday.
Mr Rosenberg, a frequent speaker at trade show Global Gaming Expo (G2E) Asia, spent 16 years in the investment banking division at Goldman Sachs. There, he was instrumental in building and eventually running the firm’s gaming group on a global basis.
During his time at Goldman Sachs, the bank’s unit Goldman Sachs Credit Partners LP in 2006 joined a US$2.5 billion secured credit facility for the funding of project costs for Venetian Macao, Four Seasons Macao and other projects on the Cotai Strip, according to filings of Las Vegas Sands Corp made to the U.S. Securities and Exchange Commission.
At Fortress Investment, Mr Rosenberg, a graduate of Harvard University, will be responsible for investments made by Fortress’s family of credit-related funds in the gaming and leisure sector.
“Adam is an outstanding addition to our credit team,” said Peter L. Briger, Fortress’ principal and co-chairman of the board of directors. “His depth of experience, industry relationships and ability to source, structure and execute complex transactions on a global basis will help our business to build on an already significant presence in gaming and leisure.”
Fortress Investment is a diversified global investment firm with approximately US$63.8 billion in assets under management as of June 30. The company, founded in 1998, manages assets on behalf of approximately 1,600 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies.
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