Fortress Funding Group’s co-chief govt and managing companion Josh Pack has died.
Pack joined the Fortress credit score funds enterprise at its inception in 2002 and, since then, had held management and chief funding officer roles in personal credit score, personal fairness, actual property debt, internet lease, distressed and opportunistic investing.
He had lately re-located to London, from the agency’s co-headquarters in Dallas (pictured), as a part of plans to develop its geographic footprint.
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Pack served on the board of administrators at Fortress, in addition to the management committee, and headed the agency’s environmental, social and governance committee.
Previous to becoming a member of Fortress, Pack was a vp at Wells Fargo and, earlier than that, he labored at specialty finance firm American Industrial Capital, which was subsequently acquired by Wells Fargo.
“We’re devastated by this loss. Josh was a gifted investor, a considerate strategist, a compassionate chief – and a deeply cherished good friend to many,” mentioned Fortress, in an announcement posted on the agency’s web site.
“A member of the Fortress household for over 23 years, Josh left an indelible mark on our establishment. He cared deeply for his workforce, and that care was returned in sort.
“Most significantly, Josh was a faithful husband and father. We lengthen our heartfelt condolences to his household and ask that their privateness be revered throughout this tragic time. We’re doing all we will to help the Pack household.”
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Drew McKnight, co-chief govt and managing companion, will proceed to guide the agency, and Jack Neumark will step into the position of co-chief govt and managing companion alongside him.
Fortress mentioned that govt chair Pete Briger will “deepen his engagement with the agency and its operations for the rapid future”.
Fortress has $53bn (£39.5bn) of belongings below administration throughout credit score and actual property, personal fairness and everlasting capital funding methods.
In April 2025, Fortress and Mubadala Funding Firm introduced a $1bn strategic partnership targeted on credit score and particular conditions co-investment alternatives.