Fortress Investment Group is adding an insurer-friendly feature to its latest private debt fund, which will primarily invest in direct corporate loans, according to people familiar with the matter.

This move targets insurers, a key demographic for such funds seeking stable returns and diversification. By tailoring the fund's structure, Fortress aims to make its offering more attractive to insurers' specific investment mandates and risk profiles. The fund represents a strategic play to capture a segment of the insurance industry's substantial capital pools looking for alternative investment vehicles beyond traditional bonds.

The insurer-friendly feature is expected to enhance the fund's appeal without altering its core focus on direct corporate loans. This development signals Fortress's ongoing effort to adapt its product offerings to meet the evolving needs of institutional investors, particularly those with long-term liability management requirements. The exact terms of the feature and the fund's size remain undisclosed, but the initiative highlights Fortress's proactive approach in the competitive private credit market.