FIG LLC (Private Equity) sold $1.43B worth of shares in OneMain Holdings, Inc. in June 2018

Jul 08, 2018
Insider Transactions
Background Information
Fortress Investment Group's private equity activities focus on operating businesses across five major sectors including financial services, transportation, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The firm seeks to acquire undervalued assets and companies that can be improved through intensive asset management. Fortress places capital across the entire capital structure, actively deploying first and second lien senior secured debt, mezzanine financing and equity investments.Through the Fortress Investment Funds and through direct co-investments, Fortress acquires cash flowing investments and businesses that are often backed by tangible physical and financial assets. The Fortress Mortgage Opportunities Funds make investments in residential mortgage backed securities and related investments. The firm is also affiliated with two externally managed publicly traded companies, Newcastle Investment Corp. and Eurocastle Investment Ltd. Newcastle Investment Corp. invests primarily in real estate related loans and securities. Eurocastle Investment Ltd. invests primarily in operating real estate.
OneMain Holdings, Inc. is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following two segments: Consumer & Insurance and Acquisitions & Servicing, The Consumer & Insurance segment is comprised of service secured and unsecured personal loans and voluntary credit and non-credit insurance and related products through its combined branch network, digital platform, and centralized operations. The Acquisition & Services segment engages in providing services SpringCastle portfolio which was acquired through joint venture. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.