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Fortress Co-CEO Josh Pack Dies at 51 as Firm Elevates Neumark and Affirms Continuity

Fortress outlines a succession plan elevating Jack Neumark with Pete Briger taking a larger day-to-day role.

Overview

  • The company confirmed Pack’s death and did not disclose a cause.
  • Drew McKnight remains co-CEO, Jack Neumark is elevated to co-CEO, and Executive Chairman Pete Briger will be more involved in daily operations.
  • Pack spent more than 23 years at Fortress, leading strategies across private credit, private equity, real estate debt, net lease, and distressed investing.
  • He had recently discussed relocating to London to drive expansion in Europe and the Middle East, focusing on private credit and institutional investors.
  • Fortress manages approximately $53 billion for about 2,000 clients and asked for privacy and support for Pack’s family.