Fortress Investment Group LLC (NYSE: FIG) announced today the successful close of Fortress MSR Opportunities Fund II (“MSR Fund II”), at its cap of $1.1 billion. MSR Fund II is a successor fund to the Fortress MSR Opportunities Fund I (“MSR Fund I”), which closed in August 2012 with $608 million in total commitments. Fortress’s MSR Opportunities Funds are focused on investments in residential mortgage servicing rights (“MSRs”). An MSR represents the contractual monthly fee paid in exchange for the servicing of a mortgage loan, net of a basic servicing fee. Fortress and its affiliates have been among the most active investors in the MSR space over the past two years, having invested or committed to invest in MSRs with an aggregate underlying unpaid principal balance of over $315 billion. Fortress has pursued opportunities in the approximately $10 trillion mortgage servicing sector through a unique co-investment structure in which a dedicated MSR Fund, and New Residential (NYSE: NRZ), a Fortress-managed publicly-traded REIT, invest alongside Fortress portfolio company Nationstar (NYSE: NSM), one of the industry’s most highly regarded servicers. “This is a transformative period for the servicing market that we believe will present substantial opportunities in the coming years,” said Wes Edens, Fortress Co-Chairman and Head of Private Equity. “As one of the earliest and largest investors in the servicing space, with significant experience as an owner/operator of major servicing platforms, we’re confident we can capitalize on those opportunities on our investors’ behalf.” About Fortress Fortress Investment Group LLC is a leading, highly diversified global investment firm with $56 billion in assets under management as of March 31, 2013. Founded in 1998, Fortress manages assets on behalf of over 1,500 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG). For additional information, please visit www.fortress.com.