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                            |
|                                                                                         |

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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                      |
|                                                           |

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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                     |
|                                        |

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