Private Equity Fund investment performance in the fourth quarter and year ended December 31, 2012 was strong, with valuations in underlying investments increasing by 3.9% and 25.4%, respectively. Full year appreciation of these fund investments was driven primarily by our public company investments, which increased 65% in 2012.During the quarter, fundraising activity included $71 million in capital raised for transportation and infrastructure investments in our WWTAI Fund. Subsequent to year end, we raised an additional $221 million of capital, bringing total capital raised to date for WWTAI to $372 million. For the year ended December 31, 2012, the Private Equity segment raised over $1.1 billion of capital and distributed over $1.0 billion of capital back to investors. Fundraising activity in 2012 was highlighted by the nearly $600 million launch of our MSR Opportunities Funds, as well as $435 million of permanent equity capital raised for Newcastle Investment Corp. (NYSE: NCT). NCT raised an additional $764 million of permanent equity capital in the first two months of 2013, bringing total permanent equity capital raised by NCT in the last 12 months to $1.2 billion.
Fortress Reports Fourth Quarter & Year End 2012 Results
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