Fortress Investment Group is a firm dealing in Investment management. It manages alternative assets, liquid hedge funds, private equity and credit funds. The company was founded on 1 January 1998. With about 10-15 employees, the company is located in New York, United States.It was established mainly as a private equity firm by Randal Nardone, Wesley R Edens, and Rob Kauffman. On February 9, 2007, it became the first firm to be traded publicly in private equity. The firm managed about $70.2 billion in hedge funds, credit funds and private equity as at 30 June 2016.

Fortress Investment was named hedge fund manager of the year in 2014. The same year it was also named management firm of the year by HFM Week. Softbank announced that it would buy Fortress Investment Group for $3.3 billion on February 14, 2017.The acquisition was completed on December the same year. The company loaned the medical start-up Theranos $100 million. By January 3, 2018, Fortress Investment Group announced its plan to sell stakes in Apollo Global Management.Fortress-managed Funds acquired Intrewest company in 2016 and later sold it in 2016. Rail America Inc. announced in 2006 that it would acquire the company at $16.35 for each share. This transaction was then completed in 2007.

The company has taken some of its companies public, including Rail America Inc., Brookdale Senior Living Inc., GAGFAH and Aircastle Ltd. Fortress lost about $125 million in the purchase of promissory notes. It was reported in October 2014 that Fortress had purchased Inverness Corners.When Millennium Development Group was building the athlete’s village for the 2010 Winter Olympics, it was Fortress Investment Group that provided the loan. The financial instability in 2008 made the company bankrupt.It was, therefore, unable to finance this project. This project was picked up by the City of Vancouver to finish the project within the time for the Winter Olympics. After the village was completed in 2009, Fortress became the owner when the Winter Olympics was over in 2010. Learn More.