Fortress Investment Group co-CEO Joshua Pack dies

Zoom in: The promotion to co-CEO came in 2023, as part of a deal whereby firm management and Mubadala purchased Fortress from SoftBank.

• Pack recently relocated to London from Fortress' Dallas headquarters, in order to aid in its European expansion.
• Fortress currently manages around $53 billion in assets.

In a statement, the firm said: "We are devastated by this loss. Josh was a gifted investor, a thoughtful strategist, a compassionate leader — and a deeply cherished friend to many. A member of the Fortress family for over 23 years, Josh left an indelible mark on our institution. He cared deeply for his team, and that care was returned in kind.

• It continued: "Most importantly, Josh was a devoted husband and father. We extend our heartfelt condolences to his family and ask that their privacy be respected during this tragic time. We are doing all we can to support the Pack family."
• Fortress added that co-CEO Drew McKnight would remain in his role, and that Jack Neumark would be promoted to co-CEO.

Editor's note: This story has been updated with a statement from Fortress.