The Lifecycle Of Fortress Investment Group

Fortress Investment Group is one of the most successful global investment managers in the world. The company manages assets worth billions of dollars on behalf of investors and institutional clients in many parts of the world. Fortress Investment Group has over two decades of experience and has built trust with many clients coming on board to trust it in assets management.

Fortress Group was incorporated in 1998 when three principals decided to consolidate their experience in the financial and investment sectors by assist clients make informed investment decisions. Wes Edens, Randal Nardone, and Rob Kauffman brought their expertise together to form Fortress as an alternative asset manager. The company has grown under the strong leadership of these executives to become one of the best alternative asset managers in the United States. Though Rob Kauffman decided to concentrate on his businesses and exited the company, Peter Briger joined as a principal and has been involved in the running of the affairs of the company.

Fortress’s Areas of Operation

Fortress Group has been involved in various investment strategies. The company began investing in the real estate sector and later diversified in other areas such as hedge funds and debt securities. Fortress Investment Group has also specialized in other vital areas such as assets management, management of mergers and acquisition and operations management, among other functions.

Fortress Investment has also expanded its revenues and market size through acquisitions. The company has its headquarters in New York and has offices in different states in the United States among other regions. Fortress Investment Group has overseen significant growth over the last decade. One of its notable achievements was being named as the first private equity fund to be listed in the New York Stock Exchange in 2007.

Softbank Group Acquires Fortress

Softbank Group is an investment Company that invests in technology-based startups. The company is based in Japan and has diverse interests in online businesses and technology startups. Softbank has purchased the Fortress Investment for $3.3 billion in its bid to expand its operation and presence in various geographical locations. Under the purchase deal, Fortress Investment Group will continue to work independently with Wes Edens, Peter Briger and Randal Nardone as principals.

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