Connecticut Fund Risk Overview

2 State of Connecticut Use Only FORTRESS LENDING FUND III Prepared for State of Connecticut Office of the Treasurer Investment Advisory Council June 2022 All information contained herein is qualified in its entirety by the disclaimers at the end of this document. Interests in FORTRESS funds managed by affiliates of Fortress Investment Group LLC (together with its subsidiary investment advisory affiliates, "Fortress") are offered through Fortress Capital Formation LLC, a member of FINRA and an affiliate of Fortress. This Presentation was prepared and is being distributed by non-EU affiliates of Fortress.

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