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Macquarie provides a $100 million loan secured by a pool of student loans acquired by an affiliate of funds managed by affiliates of Fortress Investment Group LLC

01 May 2014

Macquarie provided a $100 million loan secured by a pool of student loans acquired by an affiliate (the "Fortress Borrower") of funds managed by affiliates of Fortress Investment Group LLC (NYSE:FIG). The portfolio is a mix of graduate, undergraduate, career and consolidation loans with a significant portion of the graduate loans comprising medical school loans.

This bespoke facility was structured by Macquarie in order to allow for regular dividend distributions to the Fortress Borrower. This is the second investment that Macquarie CAF Lending has made in the student loan space over the last year.