A specialty of Wall Street:
The Issue: Fortress is both an equity investor in and lender to real-estate
and railroads firm Florida East Coast Industries Inc.
The Conflict: The company is trying to restructure a $1.5 billion loan,
pitting the interests of Fortress clients against one another.
The Future: Private-equity firms are facing new conflicts as they buy up
the debt of companies they own.
This forms invests in and lends to