Fortress Investment Group LLC, a prominent private equity firm, has announced a significant equity investment of $225 million in First Foundation Inc. The investment is expected to strengthen First Foundation’s banking franchise, which has a notable presence in dynamic and expanding markets such as Texas, California, and Florida. Drew McKnight, co-CEO of Fortress Investment Group, emphasized the due diligence conducted over recent months and underscored the competitive advantages that First Foundation holds in the regional banking sector. The recapitalization aims to support long-term growth and profitability for First Foundation.

Private Equity, Banking,United States, Texas, California, Florida

https://www.fortress.com/media/2024-07-02-fortress-anchors-225-million-equity-investment-in-first-foundation-inc