Fortress Value Acquisition Corp. IV
General Information | |
Business: | We intend to capitalize on the ability of our management team and the broader Fortress platform to identify, acquire and operate a business that may provide opportunities for attractive risk-adjusted returns. (Incorporated in Delaware; this is the fifth blank check company created by the top executives of Fortress Investment Group.) Our chief executive officer is Joshua A. Pack, a managing partner of the credit funds business at Fortress. Mr. Pack is based in Los Angeles. He heads the illiquid credit investment strategies at Fortress. Daniel N. Bass, our CFO, has served as Fortress’s chief financial officer since 2003. Micah B. Kaplan, our COO, is a managing director at Fortress. Fortress is a highly diversified global investment management firm with about $49.9 billion in assets under management as of Sept. 30, 2020. Fortress is sponsoring the company through its credit business, Fortress Credit, which had approximately $40.4 billion in assets under management as of Sept. 30, 2020. Fortress Credit is focused on investing globally in credit, hard assets and real estate. (Note: Fortress Value Acquisition Corp. IV priced its SPAC IPO on March 15, 2021, in line with the terms in its prospectus: 60 million units at $10 each to raise $600 million.)
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Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2020 |
Contact Information | |
Address | 1345 Avenue of the Americas, 46th Floor, New York, New York 10105< US |
Phone Number | (212) 798-6100 |
Web Address | |
View Prospectus: | Fortress Value Acquisition Corp. IV |
Financial Information | |
Market Cap | $750.0mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | FVIV.U |
Exchange | NYSE |
Shares (millions): | 60.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $600.0 mil |
Manager / Joint Managers | Deutsche Bank Securities/BofA Securities/PJT Partners |
CO-Managers | - |
Expected To Trade: | 3/16/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |