Fortress Investment Group Considered A Trendsetter In The Financial World

July 24, 2018

From the moment it was founded in 1998, Fortress Investment Group has been setting the standard in the financial services industry among its peers. Moving from a private equity firm to going public on the New York Stock Exchange, it was the first large-scale firm to do so. Soon others followed suit.

Fortress Investment Group today is a diversified global investment management firm with assets totaling over $43 billion for 1,750 investors. The firm is based in New York with over 900 employees. Its Principals are Randal Nardone, based in New York, Wes Edens, also based in New York and Peter Briger, based in San Francisco.

In the two decades of its existence, Fortress Investment Group has developed a significant track record in managing portfolio companies and has gained much institutional knowledge across many different industries. Its employees also have substantial knowledge of industry-specific sectors on a global scale.

Fortress’s goal was to create a new type of investment firm using an alternative asset strategy which raised private equity to invest in cutting-edge vehicles. This strategy led to the company’s growth from a $400 million dollar firm to an approximately $3.9 billion dollar firm in its first five years. In 2007 its assets were $32.6 billion.

In 2011 Fortress Investment Group opened a second U.S. Based headquarters in San Francisco and two in Asia, Shanghai, and Singapore.

In 2017 Fortress Investment Group was acquired by Softbank Group Corporation, a Japanese Multinational firm with headquarters in Tokyo for $3.3 billion. Fortress continues to operate as an independent entity and will continue to be based in New York with the Principals of the company remaining at the helm.

Fortress’s new owner is looking to delve into the unfolding information revolution as a leader in the industry. It now manages a global portfolio in industries such as advanced telecommunications, artificial intelligence, smart robotics, Internet services, clean-energy technology, and The Internet of things.

Fortress is expected to continue its leadership role in the alternative investment industry.

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