The fund will buy undervalued patent portfolios or acquire all or part of undervalued companies “where we believe that the value of the company’s intellectual property is greater than the acquisition cost of the company itself,” according to a company document seen by Bloomberg News. The fund also plans to originate loans to firms collateralized by their intellectual property and other assets. It’s targeting a gross internal rate of return of at...
Fortress Seeks $400 Million for Second Fund Focused on Patents
April 7, 2021, 6:36 PM