Fortress Investment Group is a leading investment management organization globally, that is much diversified. From 2017 the firm now manages $36.1 billion of assets, the firm was founded in the year 1998, and its expertise and experience have enabled the firm to provide multiple investment strategies in assets management, liquid markets, credit and private equity on behalf of more than 1750 private clients’ credit and institutional investors globally.
Fortress Investment Group is located in New York, the investment experts that founded the firm were Rob Kauffman who was a managing director at UBS together with Randal Nardone and Wesley R. Edens who was a former member of the BlackRock Financial Management Inc.
The Fortress Investment Firm later progress into real estate, debt securities and hedge funds that was run by Peter Briger and Michael Novogratz who were partners of Goldman Sachs. The steady growth was rapid, and in the year 1999 and 2006, the private equity funds were amounting to 39.7%. The Fortress Investment Firm got global recognition when it became the first private equity to trade publicly, when the NYSE was launched in 2007 together with the Goldman Sachs and the Lehman Brothers signing the IPO.
In 2008 the Fortress Investment Company principles were in the Forbes list of top Billionaires. The group also earned additional $100 million after they sold their minatory assets to Nomura, a Japanese Investment Firm. In 2012 the firm gained recognition and praise from Institutional Investor and also got credited as the Credit focused Fund of the year from 2010 to 2015. In 2016 the corporate was managing alternative assets around $70.2 Billion in Credit Funds, liquid hedge funds and private equity.
Initially, the Fortress Investment Group used to lend the Millennium Development Group for the construction of the athlete’s Village worth $875 million for the Winter Olympics, Vancouver, and Columbia in 2010. Despite the challenges, the building was completed, and Fortress Investment Firm took the ownership of the Village after the Winter Olympics in 2010.
A Japan’s Softbank Group acquired fortress Investment Group in 2017. The firm was purchased at $3.3 Billion, and during December the same year, the Softbank Group fully acquired the company. Despite the firm being acquired by Softbank Wes Edens, Peter Briger and Randy Nardone agreed to be the principles of the organization still. The Fortress Investment firm will remain in New York and still operate as a private entity under the partnership of Softbank as stated.
The Employees of Fortress Investment firm describe the organization as challenging but worth it. The employees say that they are exposed to a wide range of industries and field. They also say the environment is conducive to friendly employees who make the communication easier. The employs also get many business skills and investing strategies. The Fortress social media presence is very welcoming. The firm always put their customers first this makes it have positive social media reviews. The group works tirelessly to make sure the customer service is efficient.