Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES



|                                                 |  |                                           
|------------------------------------------------ |  | ------------------------------------------
|Subsidiary                                       |  | Jurisdiction of Incorporation/Organization
|Fortress Hedge Fund Strategies Advisors LLC      |  | Delaware                                  
|DBGM Associates LLC                              |  | Delaware                                  
|DBGM Onshore GP LLC                              |  | Delaware                                  
|DBGM Onshore GP LLC                              |  | Delaware                                  
|DBSO Japan Holdings LLC                          |  | Delaware                                  
|Drawbridge (Suisse) S.a.r.l                      |  | Switzerland                               
|Drawbridge (UK) LLP                              |  | England and Wales                         
|Drawbridge Global Macro Advisors LLC             |  | Delaware                                  
|Drawbridge Global Macro GP LLC                   |  | Delaware                                  
|Drawbridge LDVF Patent Advisors LLC              |  | Delaware                                  
|Drawbridge LDVF Patent GP LLC                    |  | Delaware                                  
|Drawbridge Long Dated Value Advisors LLC         |  | Delaware                                  
|Drawbridge Long Dated Value GP LLC               |  | Delaware                                  
|Drawbridge Long Dated Value II GP LLC            |  | Delaware                                  
|Drawbridge Long Dated Value III GP LLC           |  | Delaware                                  
|Drawbridge Real Assets Advisors LLC              |  | Delaware                                  
|Drawbridge Real Assets GP LLC                    |  | Delaware                                  
|Drawbridge Relative Value GP LLC                 |  | Delaware                                  
|Drawbridge Special Opportunities Advisors LLC    |  | Delaware                                  
|Drawbridge Special Opportunities GP LLC          |  | Delaware                                  
|Drawbridge Special Opportunities Offshore GP LLC |  | Delaware                                  
|FCO Fund GP LLC                                  |  | Delaware                                  
|FCO Fund II GP LLC                               |  | Delaware                                  
|FCO MA GP LLC                                    |  | Delaware                                  
|FIG (Mauritius) LLC                              |  | Delaware                                  
|FIG Advisors LLC                                 |  | Delaware                                  
|FIG Asset Co. LLC                                |  | Delaware                                  
|FIG China Holdings LLC                           |  | Delaware                                  
|FIG Corp                                         |  | Delaware                                  
|FIG HCRS LLC                                     |  | Delaware                                  
|FIG HK (HongKong) Limited                        |  | Hong Kong                                 
|FIG Italia S.r.l.                                |  | Italy                                     
|FIG LLC                                          |  | Delaware                                  
|FIG Partners Pool (A) LLC                        |  | Delaware                                  
|FIG Partners Pool (P2) LLC                       |  | Delaware                                  
|FIG Promote Holdings LLC                         |  | Delaware                                  
|FM Falstaff Advisors LLC                         |  | Delaware                                  
|Fortress (GAGACQ) Cayman Ltd.                    |  | Cayman Islands                            
|Fortress Asia Realty GP LLC                      |  | Delaware                                  



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Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES



|                                                             |  |                                           
|------------------------------------------------------------ |  | ------------------------------------------
|Subsidiary                                                   |  | Jurisdiction of Incorporation/Organization
|Fortress Asia Realty Holdings LLC                            |  | Delaware                                  
|Fortress Asia Realty Management LLC                          |  | Delaware                                  
|Fortress Canada Investment Corp.                             |  | Canada                                    
|Fortress Canada Management Trust                             |  | Delaware                                  
|Fortress Capital Formation LLC f/k/a Fortress Securities LLC |  | Delaware                                  
|Fortress CDO Advisors LLC                                    |  | Delaware                                  
|Fortress Commodities Advisors LLC                            |  | Delaware                                  
|Fortress Commodities GP Ltd.                                 |  | Cayman Islands                            
|Fortress Commodities MA I GP LLC                             |  | Delaware                                  
|Fortress Credit Corp.                                        |  | Delaware                                  
|Fortress Credit Opportunities Advisors LLC                   |  | Delaware                                  
|Fortress Credit Opportunities MA Advisors LLC                |  | Delaware                                  
|Fortress Drive Asset Manager LLC                             |  | Delaware                                  
|Fortress Finance Co LLC                                      |  | Delaware                                  
|Fortress Florida Coinvestment Fund GP LLC                    |  | Delaware                                  
|Fortress Fund III GP LLC                                     |  | Delaware                                  
|Fortress Fund IV (B,C,F,G) L.P.                              |  | Cayman Islands                            
|Fortress Fund IV GP Holdings Ltd.                            |  | Cayman Islands                            
|Fortress Fund IV GP L.P.                                     |  | Cayman Islands                            
|Fortress Fund MM II LLC                                      |  | Delaware                                  
|Fortress Fund MM LLC                                         |  | Delaware                                  
|Fortress Fund V GP (BCF) Holdings Ltd.                       |  | Cayman Islands                            
|Fortress Fund V GP (BCF) L.P.                                |  | Cayman Islands                            
|Fortress Fund V GP Holdings Ltd.                             |  | Cayman Islands                            
|Fortress Fund V GP L.P.                                      |  | Cayman Islands                            
|Fortress Germany Asset Management GmbH                       |  | Germany                                   
|Fortress Hedge Fund Strategies GP LLC                        |  | Delaware                                  
|Fortress Holiday Investment Fund GP LLC                      |  | Delaware                                  
|Fortress Investment Consulting (Shanghai) Co. Ltd            |  | China                                     
|Fortress Investment Fund GP (Holdings) LLC                   |  | Delaware                                  
|Fortress Investment Group (Australia) Pty. Ltd.              |  | Australia                                 
|Fortress Investment Group (Hong Kong) LLC                    |  | Delaware                                  
|Fortress Investment Group (Japan) GK                         |  | Japan                                     
|Fortress Investment Group (Japan) Holdings LLC               |  | Delaware                                  
|Fortress Investment Group (UK) Ltd.                          |  | England and Wales                         
|Fortress Investment Group Germany GmbH                       |  | Germany                                   
|Fortress Investment Holdings II LLC                          |  | Delaware                                  
|Fortress IW Coinvestment Fund (B,C,G) L.P.                   |  | Cayman Islands                            
|Fortress IW Coinvestment Fund GP Holdings Ltd.               |  | Cayman Islands                            
|Fortress IW Coinvestment Fund GP L.P.                        |  | Cayman Islands                            



---

Exhibit 21.1

FORTRESS INVESTMENT GROUP LLC SUBSIDIARIES



|                                                                                                     |  |                                           
|---------------------------------------------------------------------------------------------------- |  | ------------------------------------------
|Subsidiary                                                                                           |  | Jurisdiction of Incorporation/Organization
|Fortress Japan Opportunity Domestic GP LLC                                                           |  | Delaware                                  
|Fortress Japan Opportunity GP LLC                                                                    |  | Delaware                                  
|Fortress Japan Opportunity Management LLC                                                            |  | Delaware                                  
|Fortress Macro Advisors LLC                                                                          |  | Delaware                                  
|Fortress Macro GP LLC                                                                                |  | Delaware                                  
|Fortress Macro Master GP LLC                                                                         |  | Delaware                                  
|Fortress Mortgage Opportunities Advisors LLC                                                         |  | Delaware                                  
|Fortress Mortgage Opportunities Associates LLC                                                       |  | Delaware                                  
|Fortress Mortgage Opportunities GP Series 1 LLC                                                      |  | Delaware                                  
|Fortress Mortgage Opportunities GP Series 2 LLC                                                      |  | Delaware                                  
|Fortress Mortgage Opportunities GP Series 3 LLC                                                      |  | Delaware                                  
|Fortress Net Lease Advisors LLC                                                                      |  | Delaware                                  
|Fortress Oldcastle S.L.P. LLC                                                                        |  | Delaware                                  
|Fortress Operating Entity I LP                                                                       |  | Delaware                                  
|Fortress Partners Advisors LLC                                                                       |  | Delaware                                  
|Fortress Partners GP LLC                                                                             |  | Delaware                                  
|Fortress Partners Offshore Master GP LLC                                                             |  | Delaware                                  
|Fortress Penn Coinvestment Fund GP LLC                                                               |  | Delaware                                  
|Fortress Principal Investment Group LLC                                                              |  | Delaware                                  
|Fortress Principal Investment Holdings IV LLC                                                        |  | Delaware                                  
|Fortress Principal Investment Holdings LLC                                                           |  | Delaware                                  
|Fortress Real Estate (Asia) GK f/k/a Fortress Investment Group Asia GK f/k/a Fortress Asia Realty GK |  | Japan                                     
|Fortress Realty Management GP LLC                                                                    |  | Delaware                                  
|Fortress Residential Investment Deutschland GP L.P.                                                  |  | Cayman Islands                            
|Fortress Special Opportunities I GP LLC                                                              |  | Delaware                                  
|Fortress Special Opportunities Advisors LLC                                                          |  | Delaware                                  
|Fortress VRF Advisors LLC                                                                            |  | Delaware                                  
|Fortress VRF I LLC                                                                                   |  | Delaware                                  
|Fox Lake Pharma MM LLC                                                                               |  | Delaware                                  
|FPM Deutschland GmbH                                                                                 |  | Germany                                   
|FRID GP Holdings Ltd.                                                                                |  | Cayman Islands                            
|Hybrid GP Holdings LLC                                                                               |  | Delaware                                  
|Kawa Holdings I LLC                                                                                  |  | Delaware                                  
|Kawa Holdings II LLC                                                                                 |  | Delaware                                  
|KDC I LLC                                                                                            |  | Delaware                                  
|KDC SM Corp.                                                                                         |  | Delaware                                  
|Principal Holdings I LP                                                                              |  | Delaware                                  
|RIC Coinvestment Fund GP LLC                                                                         |  | Delaware                                  
|Yama Holdings I LLC                                                                                  |  | Delaware                                  
|Yama Holdings II LLC                                                                                 |  | Delaware