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Fortress Co-CEO Josh Pack Dies at 51 as Firm Sets Succession Plan

The firm moved quickly to reassure investors with defined leadership roles, pledging operational continuity.

Overview

  • Fortress confirmed Pack's death in a company statement without disclosing a cause and described the loss as untimely.
  • Drew McKnight remains co-CEO, Jack Neumark is elevated to co-CEO and managing partner, and Executive Chairman Pete Briger will increase day-to-day engagement.
  • Pack spent more than two decades at Fortress after joining its credit funds in 2002, following earlier roles at Wells Fargo and American Commercial Capital.
  • He had outlined plans in May to relocate to London to lead an expansion focused on Europe and the Middle East, with private credit growth a priority.
  • Fortress manages roughly $53 billion in assets across corporate credit, asset-based finance, real estate and private equity, and asked for privacy for Pack's family.