With this transaction, Fortress owns approximately 7.7% of Nassau, with Golden Gate Capital remaining Nassau’s majority controlling shareholder.
Nassau is a leading provider of fixed annuities and asset management, with US$23 billion in assets under management. Fortress is a leading, highly diversified global investment manager, with US$44.7 billion of assets under management. Golden Gate Capital is a private equity investment firm with over US$19 billion in cumulative committed capital.
The Sidley team was led by Michael Devins (Insurance), and included Vince Onorato, Chris Burusco, Tu Tu (Insurance), Dan Spies, Allison Hocevar (Investment Funds), Dan Altman, Eric Grosshandler (Tax), Gabe Saltarelli (M&A), Lauren Gallagher, and P.C. Wang (Employee Benefits).