Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
FIG Corp.			January 11, 2007			Delaware
FIG Asset Co. LLC			January 11, 2007			Delaware
Fortress Operating Entity I LP (f/k/a Fortress Principal Investment Holdings LLC)			Date of Formation: February 13, 1998			Delaware
			Date of Conversion to a limited partnership: January 16, 2007
Fortress Operating Entity II LP (f/k/a Fortress Principal Investment Holdings II LLC)			Date of Formation: December 18, 2003			Delaware
			Date of Conversion to a limited partnership: January 16, 2007
Fortress Operating Entity III LP (f/k/a FIG Partners Pool (P) LLC			Date of Formation: February 8, 2005			Delaware
			Date of Conversion to a limited partnership: January 16, 2007
Fortress Principal Holdings I LP (f/k/a Fortress Principal Investment Holdings III LLC)			Date of Formation: September 1, 2004			Delaware
			Date of Conversion to a limited partnership: January 16, 2007
Fortress Investment Holdings II LLC			July 31, 2006			Delaware
FIG Partners Pool (A) LLC			February 8, 2005			Delaware
FIG Partners Pool (P2) LLC			February 9, 2005			Delaware
Fortress Principal Investment Holdings LLC			June 4, 1998			Delaware
FIG LLC (f/k/a Fortress Investment Group LLC)			February 6, 1998			Delaware
Fortress Canada Management Trust			February 17, 2005			Delaware
Fortress Principal Investment Holdings IV LLC			December 30, 2004			Delaware
Fortress Partners Advisors LLC			July 31, 2006			Delaware
Fortress Canada Investment Corp.			March 3, 2005			Nova Scotia, Canada
Drawbridge Special Opportunities GP LLC			May 1, 2002			Delaware
Fortress Partners GP LLC			June 9, 2006			Delaware

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
Fortress Loan Holdings I LLC			July 20, 2005			Delaware
Fortress Investment Group Germany GmbH			December 22, 2004			Germany
FIG Italia Srl			January 25, 2005			Italy
Fortress Investment Group (Australia) Pty Ltd.			November 24, 2004			Victoria, Australia
Fortress Drive Asset Manager LLC			January 6, 2006			Delaware
Fortress CDO Advisors LLC			October 16, 2006			Delaware
Fortress Investment Group (UK) Ltd.			August 4, 1998			England and Wales
Drawbridge (UK) LLP			September 5, 2006			England and Wales
Fortress Investment Group (Japan) GK			November 18, 2006			Japan
Fortress Credit Corp.			May 27, 2003			Delaware
IGF Credit LLC			May 28, 2004			Delaware
Fortress Fund MM LLC			October 6, 1999			Delaware
Fortress Fund MM II LLC			June 17, 2002			Delaware
FIG Advisors LLC			March 11, 1999			Delaware
Drawbridge Special Opportunities Advisors LLC			May 1, 2002			Delaware
Drawbridge Global Macro Advisors LLC			April 9, 2002			Delaware
Drawbridge Relative Value Advisors LLC			November 8, 2002			Delaware
Drawbridge Long Dated Value Advisors LLC			October 24, 2005			Delaware
Fortress Fund IV GP Holdings Ltd.			February 23, 2006			Cayman Islands
Fortress Fund IV GP L.P.			February 24, 2004			Cayman Islands
RIC Coinvestment Fund GP LLC			May 3, 2006			Delaware
Fortress IW Coinvestment Fund GP Holdings Ltd.			July 28, 2006			Cayman Islands
Fortress IW Coinvestment Fund GP L.P.			August 4, 2006			Cayman Islands
Fortress Principal Investment Group LLC			June 4, 1999			Delaware
FRID GP Holdings Ltd.			March 16, 2005			Cayman Islands
Fortress Residential Investment Deutschland GP L.P.			March 17, 2005			Cayman Islands

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
Fortress Investment Fund GP (Holdings) LLC			September 23, 2004			Delaware
Fortress Fund III GP LLC			September 20, 2004			Delaware
Fortress Partners Offshore Master GP LLC			October 20, 2006			Delaware
Drawbridge Long Dated Value GP LLC			January 5, 2005			Delaware
Drawbridge Long Dated Value II GP LLC			November 15, 2005			Delaware
Drawbridge Long Dated Value III GP LLC			July 25, 2006			Delaware
Drawbridge Relative Value GP LLC			January 14, 2005			Delaware
Drawbridge Global Macro GP LLC			March 28, 2002			Delaware
Fortress Oldcastle S.L.P. LLC			December 18, 2003			Delaware
FIG Promote Holdings LLC			May 31, 2000			Delaware
Fortress Fund IV (B,C,F,G) L.P.			January 15, 2007			Cayman Islands
DBGM Associates LLC			January 12, 2007			Delaware
Fortress IW Coinvestment Fund (B,C,G) L.P.			January 15, 2007			Cayman Islands
Fortress Loan Holdings II LLC			July 20, 2005			Delaware
Fortress Credit Opportunities II LLC			July 23, 2004			Delaware
Fortress Credit Opportunities I GP LLC			April 29, 2003			Delaware
Fortress Credit Funding II GP LLP			May 25, 2005			Delaware
DBN GP Ltd.			May 15, 2003			Cayman Islands
Fortress Credit Funding IV GP LLC			April 26, 2006			Delaware
Fortress Loan Holdings I LLC			July 20, 2005			Delaware
BC Holding GP Ltd.			December 17, 2004			Cayman Islands
Fortress Drive Asset Manager LLC			January 6, 2006			Delaware
Fortress Credit Funding I GP LLC			May 25, 2005			Delaware
Fortress Credit Funding III GP LLC			April 26, 2006			Delaware
FIG HCRS LLC			December 31, 2003			Delaware
Fortress Investment Fund LLC			November 5, 1999			Delaware
Fortress Investment Fund II LLC			June 17, 2002			Delaware

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
Fortress Investment Fund III			September 20, 2004			Delaware
Fortress Investment Fund III (Fund B) LP			September 20, 2004			Delaware
Fortress Investment Fund III (Fund C) LP			September 20, 2004			Delaware
Fortress Investment Fund III (Fund D) L.P.			September 23, 2004			Cayman Islands
Fortress Investment Fund III (Fund E) L.P.			December 29, 2004			Cayman Islands
Fortress Investment Fund IV (Fund A) L.P.			February 24, 2006			Cayman Islands
Fortress Investment Fund IV (Fund B) L.P.			February 24, 2006			Cayman Islands
Fortress Investment Fund IV (Fund C) L.P.			February 24, 2006			Cayman Islands
Fortress Investment Fund IV (Fund D) L.P.			February 24, 2006			Cayman Islands
Fortress Investment Fund IV (Fund E) L.P.			February 24, 2006			Cayman Islands
Fortress Investment Fund IV (Fund F) L.P.			March 23, 2006			Cayman Islands
Fortress Investment Fund IV (Fund G) L.P.			April 20, 2006			Cayman Islands
Fortress (GAGACQ) Investors L.P.			September 23, 2004			Cayman Islands
Fortress (GAGACQ) Co-Investors L.P.			September 23, 2004			Cayman Islands
Fortress Pinnacle Investment Fund LLC			July 24, 2002			Delaware
Fortress Brookdale Investment Fund LLC			August 30, 2000			Delaware
Fortress Investment Fund III (Coinvestment Fund A) LP			November 4, 2004			Delaware
Fortress Investment Fund III (Coinvestment Fund B) LP			November 4, 2004			Delaware
Fortress Investment Fund III (Coinvestment Fund C) LP			November 4, 2004			Delaware
Fortress Investment Fund III (Coinvestment Fund D) L.P.			November 4, 2004			Cayman Islands
Fortress Residential Investment Deutschland (Fund A) L.P.			March 17, 2005			Cayman Islands

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
Fortress Residential Investment Deutschland (Fund B) L.P.			March 17, 2005			Cayman Islands
Fortress Residential Investment Deutschland (Fund C) L.P.			March 17, 2005			Cayman Islands
Fortress Residential Investment Deutschland (Fund D) L.P.			March 17, 2005			Cayman Islands
Fortress Investment Fund IV (Coinvestment Fund A) L.P.			April 11, 2006			Cayman Islands
Fortress Investment Fund IV (Coinvestment Fund B) L.P.			April 11, 2006			Cayman Islands
Fortress Investment Fund IV (Coinvestment Fund C) L.P.			April 11, 2006			Cayman Islands
Fortress Investment Fund IV (Coinvestment Fund D) L.P.			April 11, 2006			Cayman Islands
Fortress Investment Fund IV (Coinvestment Fund F) L.P.			April 20, 2006			Cayman Islands
Fortress Investment Fund IV (Coinvestment Fund G) L.P.			April 20, 2006			Cayman Islands
Fortress RIC Coinvestment Fund LP			May 5, 2005			Delaware
Drawbridge Long Dated Value Fund LP			January 5, 2005			Delaware
Drawbridge Long Dated Value Fund (B) LP			January 5, 2005			Delaware
Drawbridge Long Dated Value Fund II LP			November 15, 2005			Delaware
Drawbridge Long Dated Value Fund II (B) LP			November 15, 2005			Delaware
Drawbridge Long Dated Value Fund II (C) LP			March 28, 2006			Delaware
Fortress IW Coinvestment (Fund A) L.P.			August 4, 2006			Cayman Islands
Fortress IW Coinvestment (Fund B) L.P.			August 4, 2006			Cayman Islands
Fortress IW Coinvestment (Fund C) L.P.			August 4, 2006			Cayman Islands
Fortress IW Coinvestment (Fund D) L.P.			August 4, 2006			Cayman Islands
Fortress IW Coinvestment (Fund E) L.P.			August 4, 2006			Cayman Islands
Fortress IW Coinvestment (Fund F) L.P.			August 4, 2006			Cayman Islands
Fortress IW Coinvestment (Fund G) L.P.			August 4, 2006			Cayman Islands

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
Fortress Holiday Investment Fund LP			December 7, 2006			Delaware
Drawbridge Global Macro Fund LP			March 28, 2002			Delaware
Drawbridge Global Macro Fund Ltd.			June 25, 2002			Cayman Islands
Drawbridge RV Plus Fund LP			January 14, 2005			Delaware
Drawbridge RV Plus Fund Ltd.			November 30, 2004			Cayman Islands
Drawbridge Special Opportunities Fund LP			August 1, 2002			Delaware
Drawbridge Special Opportunities Fund Ltd.			June 13, 2002			Cayman Islands
Fortress Partners Fund LP			June 9, 2006			Delaware
Fortress Capital Finance III (A) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (B) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (C) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (D) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (A) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (E) LLC			June 23, 2005			Delaware
Fortress Capital Finance III (CIF-A) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (CIF-B) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (CIF-C) LLC			November 23, 2004			Delaware
Fortress Capital Finance III (CIF-D) LLC			November 23, 2004			Delaware
FCF Consulting S.r.l			June 7, 2006			Italy
FCF Deutschland GmbH			March 16, 2006			Germany
FCF UK (A) Limited			April 3, 2006			England and Wales
Fortress Registered Investment Trust			August 11, 1999			Delaware
Fortress Investment Trust II			June 20, 2002			Delaware
Fortress Capital Finance LLC			October 6, 1999			Delaware
FCF Servici Italia S.r.l.			December 18, 2001			Italy
FCF III UK Limited			April 3, 2006			England and Wales
Fortress Capital Finance II LLC			June 17, 2002			Delaware
Fortress Deutschland GmbH			December 8, 2003			Germany
Fortress Deutschland Servicing GmbH			November 25, 2003			Germany

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES

Subsidiary/Controlled Companies			Date of Incorporation			Place of Incorporation/ Registration
Fortress Credit Funding I GP LLC			May 25, 2005			Delaware, USA
Fortress Credit Funding III GP LLC			April 26, 2006			Delaware, USA
Fortress Credit Investments I Ltd.			February 17, 2006			Cayman Islands
Fortress Credit Opportunities I GP LLC			April 29, 2003			Delaware, USA
Fortress Credit Corp			May 27, 2003			Delaware, USA
Fortress Lease Funding LP			June 24, 2004			Delaware, USA
Northcastle Trust			March 30, 2005			Ontario, Canada