Lantern and Fortress Announce Financing to Support Bluejack’s Continued Growth

DALLAS/FORT WORTH, Texas - Lantern Asset Management ("Lantern") and Fortress Investment Group today announced the closing of a financing facility supporting the continued growth of Bluejack, the Texas-based private club and residential resort organization co-founded by Andy and Kristin Mitchell, with golf courses designed by Tiger Woods' TGR Design and land planning by Beau Welling Design.

The $150 million credit facility was led by funds managed by affiliates of Fortress Investment Group ("Fortress"), and provides long-term capital to support infrastructure, amenities and continued development across Bluejack's growing platform, including Bluejack National in Montgomery, Texas, and Bluejack Ranch in Aledo, Texas.

The transaction builds on Lantern's reorganization of Bluejack and the formation of Bluejack Management Partners, creating an integrated owner-operator platform spanning private club operations, residential development, construction, hospitality and related businesses.

"We've spent the last twelve years proving what Bluejack can be, and now we have the leadership and partners to think much bigger about what comes next," said Andy Mitchell, Chairman and CEO of Bluejack Management Partners and Lantern. "I've always believed you should make money with people, not off people, and that starts with choosing partners you know, trust and want alongside you for a long time. Fortress understands what we've built, believes in where we're going and brings tremendous experience to the table. There's real alignment with our partners around the opportunity ahead for Bluejack, and we're excited to have them alongside us for what comes next. We're just getting started."

Founded in 2014, Bluejack began with Bluejack National, the private club and residential community northwest of Houston featuring the first Tiger Woods-designed golf course in the United States. Bluejack has since expanded into North Texas with Bluejack Ranch, a 914-acre private club and residential resort near Fort Worth featuring golf, equestrian, wellness, recreation, entertainment and a range of residential offerings.

Together, Bluejack National and Bluejack Ranch form a growing private club and residential resort platform built around a shared membership culture and vertically integrated operating model. Bluejack Management Partners unifies the development, construction and operation of the clubs, amenities, residences and communities under one organization committed to long-term ownership and stewardship.

"Our longstanding relationship with Andy and his team and our firsthand familiarity with Bluejack give us confidence in the strength of the brand and the vision for the platform," said Mac Maynard, Managing Director in Corporate Credit at Fortress Investment Group. "As a firm co-headquartered in Texas, we are proud to provide capital to support Bluejack's continued development."

Bluejack Management Partners is led by Chairman and CEO Andy Mitchell; Co-Chair and Head of Design Kristin Mitchell; Partner and Chief Brand Officer Josh Governale; President of Club Operations Brett Schoenfield; President of Builders Megan Stultz; and Chief Financial Officer Susie Lee.

ABOUT BLUEJACK

Bluejack is a Texas-based private club and residential community organization focused on creating places where families and friends spend time together. Its portfolio includes Bluejack National in Montgomery, Texas, and Bluejack Ranch in Aledo, Texas. Bluejack combines private club operations, golf, hospitality, residential development, construction and lifestyle experiences through an integrated owner-operator model. For more information, visit www.BluejackMP.com.

ABOUT LANTERN

Lantern Asset Management and its affiliates ("Lantern") is a private investment firm with a long history of managing and investing across private equity, credit and real estate. Lantern Entertainment was formed in 2018 following the acquisition of the assets of The Weinstein Company and Dimension Films and produces film, television, podcasts and other content across entertainment and hospitality. For more information, visit www.lanternam.com.

ABOUT FORTRESS INVESTMENT GROUP

Fortress Investment Group LLC is a leading, highly diversified global investment manager serving institutional clients and private investors worldwide. Founded in 1998, Fortress managed approximately $55 billion in assets as of June 30, 2026, across credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.