Fortress Investment Group LLC is a firm whose primary business is managing diverse investment portfolios. The firm is based in New York, United States and was founded in the year 1988 by, Rob Kauffman, Randal Nardone, and Wesley R. Edens. Fortress is at the forefront of creating diverse international ventures in private equity, stock markets, and assets acquisition. Fortress serves more than fifteen hundred high net value individuals and institutions as well. Fortress IPO (Initial Public Offer) was in the year 2007 on the ninth of February during which it became the first private equity to be publicly traded.
Fortress Investment Group boasts of a team of highly specialized individuals at the helm of their leadership. Peter L. Briger, Jr. an experienced finance maestro serves as the Principal and also as the Co-Chief Executive Officer. Briger is best recognized for his asset management skills, which have helped Fortress acquire profitable assets.Wesley R. Edens one of the most successful equity investors in the US, is the Co-Founder of Fortress Investment Group. He also serves as the Co-Chief Executive Officer. Wesley played a pivotal role in Fortress’s initial public offer, where they became millionaires together with his other partners. Fortress also has the renowned distress debt guru, Randal A. Nardone, who is the Principal and Co-Founder.
With such competent leadership offering an extensive pool of qualities to draw from, Fortress is no doubt a force to reckon with in the investment world. Fortress has at its disposal investments valued at seventy billion US dollars in a range of sectors including hedge funds, credit funds, and private equity. Fortress says their strength is drawn from the following areas which they have 100% capability to invest in and have a good return on their investments.
Most of Fortress investments are grounded on assets. The company has developed a unique set of skills in the valuation, purchasing, financing and managing both financial and physical assets.
Knowledge of the industry
Before the company makes an investment in a particular field, their group of investment professionals conducts background checks and detailed research to ensure that Fortress has an extensive pool of knowledge about that industry.
Unique management methods
The company has tailored their management style to a certain degree of flexibility that allows them to address challenges in operations, strategy, and structure. These allow Fortress to engage multiplex investments and still get profitable returns.Corporate coalitions and take over’s.Fortress has extensive experience in mergers and acquisitions and this allows them to make strategic moves when initiating new partnerships or acquiring other franchises.
Fortress is no stranger to the capital markets and has enough experience to accurately monitor equity and debt in the capital markets and procure low-risk financing.
More about Fortress Investment Group
In the 2010 Winter Olympics held in Vancouver, Fortress was the main financier for the construction of the Olympic Village. The construction of the village was finalized in the year 2 009 and Fortress assumed ownership after the Olympics. Fortress is the mother company for New Residential Investment, which is in the mortgage business. Softbank acquired Fortress in $3.3 billion deal and now operates as an independent business within Softbank.