Bloomber has reported that Fortress Investment Group LLC plans to seek $1 billion for a global infrastructure fund.

Fortress Investment Group LLC is a diversified global investment management firm. Fortress invests on behalf of over 1,500 institutional investors and private clients worldwide.

Fortress Infrastructure Partners will start raising money in June or July and make long-term investments in infrastructure. Fortress private-equity funds have made infrastructure investments over the last 10 years, including in cell towers, railroads, ports and aviation.

The dedicated fund is part of the firm's move away from larger, broader private-equity pools toward more sector-specific vehicles.

According to sources cited by Bloomberg, Joseph Adams will be chief investment officer for the new fund and Edens will be co-chairman of its investment committee. Jonathan Atkeson, Ken Nicholson and Robert Gibbons will help manage the new fund, which will have a 10-year life.