Fortress Investment Group is a New York based firm, engaged in alternative asset management, and it is one of the biggest of its kind in the industry. The company was established by Wesley Edens, Randal Nardone, and Robert Kauffman. In its early stages of operation, the company was a private equity organization. When Fortress Investment Group grew to be the very first big publicly traded equity company in 2007, it has already extended its facilities to include hedge funds, real estate investments, and security debts. To make the organization better-rounded, the three original principals of the company brought in Michael Novogratz and Peter Briger to oversee the added services within the firm.From the time it was founded, Fortress Investment has extensively developed. And as of this time, it is already managing more than $70 billion of assets in behalf of over 1,750 private stakeholders including institutional customers across the globe.
The company employs 216 investment experts that form a fraction of more than 953 asset management personnel based in branch offices located in Tokyo, Japan, Shanghai, China, Hong Kong, Sydney, Australia, Rome, Italy, Frankfurt, Germany, San Francisco and Los Angeles, California, New Canaan, Connecticut, Dallas, Texas, and Atlanta, Georgia.Fortress is a special kind of international investment company. The expertise of the company comprise of industry know-ho, operations management, company mergers and acquisitions, capital markets, and asset-based businesses. It is likewise reputed to have exemplary strategies on credit investment, real estate, private equity, and permanent capital. In addition to the services it is providing, Fortress Investment Group is similarly experience in managing group asset types that are diverse such as pricing and managing innumerable financial and physical assets that provide long-standing cash cycles.The 2010 Winter Olympics’ athlete’s village in Vancouver, British Columbia, Canada was financially backed by Fortress Investment Group for $875 million in collaboration with the Millennium Development Group. After the games, the property has been turned over to Fortress.
As of December 2017, the SoftBank Group Corporation, a Japanese company headed by Masayoshi Son, was greatly impressed by Fortress Investment Groups work that it acquired the latter of $3.3 billion in cash. And due to the excellent work done by Fortress Investment in the past, SoftBank Group Corporation announced that Fortress will operate independently from SoftBank. And its principals and management team (Wes Edens, Randal Nardone, and Pete Briger) will remain to lead the said investment firm. vAs for the management team of Fortress, they can concentrate mainly on spearheading the business side of the company without being sidelined by the likewise daily maintenance of the office. At the time the acquisition of SoftBank has been finalized in December 2017, the trading of Fortress’s common stock has also ceased from the NYSEC.Fortess Investment Group has lately provided a loan of $100 million to Theramos, a newly starting company, in order to keep it going and productive. Fortress in the parent company of the passenger rail service – Florida Brightline, which is the sole passenger rail road service which is operated and owned privately.