Fortress Legal Assets Fund I (b) LP
Hedge FundFund ID 805-2422810704Delaware, United States
Gross assets
$9M
Min. investment
$10M
Beneficial owners
6
Size rank
Top 79%
Audited
Yes
Structure
Standalone
About this fund
Fortress Legal Assets Fund I (b) LP is a hedge fund managed by Fig LLC. The fund reports $9 million in gross assets, placing it among the top 79% of private funds by size. The stated minimum investment is $10 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-2422810704 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Drawbridge Special Opportunities Fund LP | Hedge | $10.51B |
| Fortress Lending III Holdings L.P. | Hedge | $4.44B |
| Fortress Credit Opportunities Fund V Expansion (a) LP | Hedge | $2.43B |
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Join to unlock · $37/moFrequently asked questions
How large is Fortress Legal Assets Fund I (b) LP?
Fortress Legal Assets Fund I (b) LP reports $9 million in gross assets, among the top 79% of private funds by size.
What is the minimum investment for Fortress Legal Assets Fund I (b) LP?
The stated minimum investment is $10 million.
Who manages Fortress Legal Assets Fund I (b) LP?
Fortress Legal Assets Fund I (b) LP is managed by Fig LLC.
Does Fortress Legal Assets Fund I (b) LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
F
New York, NY
Service providers
Prime broker
None reported
Custodian
Administrator
Auditor
Reported gross assets
$9M▼ 27%
Jan '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 79%
Larger than 21% of 67,041 private funds
Gross assets vs Hedge FundsTop 88%
Larger than 12% of 12,442 hedge funds
Minimum investmentTop 6%
Higher than 94% of funds reporting a minimum
Investor base
Adviser & related persons%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.