This company was officially launched in January 1998 with its executive members being Wesley Edens- Co-chairman/Principal/Co-founder, Peter Briger- Co-Chairman/Principal, and Randal Nardone- CEO/Principal/Co-founder. Fortress Investment Group is a significant investment management firm that specializes in managing alternative investments in liquid hedge funds, private equity, and credit funds. It has its investments in the following stages: Late Stage Venture,Post-Ipo, Debt, Early Stage Venture, Private Equity, and Secondary Markets.With substantial experience in what they do best, Fortress Investment Group serves over 1,500 organizational investors and private clients worldwide. The following five core competencies adopted by the company is what puts them at the par of other similar companies.
Asset-Based whereby their skill reaches out to pricing, owning, financing, and supervising the management of resources running from real estate and capital markets to financial assets.Industry Knowledge- There is a group of venture experts with critical division particular aptitude and associations with driving organizations, foundations and people. They oversee the industries it invests. Operational Management- All complex types of investments are well-taken care. The other two core competencies that are Corporate Merges and Acquisitions allows them to operate with corporates boards and capital markets. This lets them secure low-cost and low-risk financing for its speculations. Fortress Investment Group has assets under management in two business segments. $6.5 billion in Private Equity and $7.8 billion in Permanent Capital Vehicles. On 27 December 2017, SoftBank Group Corporation announced its completion of the acquisition of Fortress Investment Group for $3.3 billion in cash. Following that acquisition, the financial results of Fortress were to be consolidated and reflected on SoftBank Group’s consolidated financial statements. Fortress is today operating within SoftBank as an independent business with its headquarters in New York, United States Great Lakes, and the Northeastern United States.
The acquisition of Fortress by SoftBank did not change its leadership, business model, brand, processes, culture and personnel. Peter Briger, Wesley Edens and Randy are still its principals. Fortress Investment Group has approximately 501-1000 employees according to their LinkedIn Profile. This investment group has a strong social media presence with 18,655 followers on LinkedIn. The leadership of Fortress is formed under a strong foundation with its Principals having prior experiences in the related field of finance before its existence. Both had worked either in the management committee or boards, which forms powerful combined experiences.In 2010, Fortress Investment Group was a lender paying village’s holding company for Winter Olympic Games held in Vancouver, British Columbia, and Canada. This funding was stopped after the project ran into financial woes.Fortress Investment Group has an excellent reputation from its customers and most importantly from its employees. In some of the few reviews collected from Indeed, all the people who have had experience with the Investment Group say that the company is a great place to learn. Others refer to it as a fast-paced company with a hard-working, rewarding and competitive environment. To others, it has excellent leadership and well thought out internship programs.