Founded in 1998 Fortress Investment Group was initially opened as a private equity firm. Two decades later, Fortress is now a global investment management firm that is diversified into the areas of private equity, permanent capital vehicles, and hedge funds. The firm manages over $43 billion worth of assets for over 1,750 investors while employing over 900 people.
The current principals of Fortress Investment Group are Randal Nardone and Wes Edens, both founders of the firm who are based in New York, and San Francisco-based Peter Briger. The main subjects of the group’s expertise include operations management, asset-based investing, capital markets, corporate mergers and acquisitions, and specific knowledge of institutions.
When discussing operations management, Fortress Investment Group has created useful techniques to extract the highest value from the investments it makes. The firm surpasses the crowd in the evaluation of structural, operational, and strategic facts in the management of portfolios.
Asset-based investments of the firm are focused on financial vehicles that create long-term cash flow, such as diversified assets including real estate. Fortress excels in the pricing, ownership, financing, and managing of assets, both physical and financial.
Fortress is a firm which also specializes in the knowledge of capital markets. The firm has amassed expertise in securing financing through debt and equity markets.
The existence of the group for two decades has created relationships with a broad range of management professionals, corporate stakeholders, and corporate board members. This lends itself to a high level of knowledge in mergers and acquisitions.
Fortress Investment Group holds the distinct honor of being the first private equity firm of its size to go public on the New York Stock Exchange (NYSE). In 2017 it became the first alternative-investment firm to be purchased by another company, selling for a price of $3.3 billion. The SoftBank Group Corporation, a Japanese-owned, multinational corporation based in Tokyo, purchased the investment group; however, it continues to operate as an independent entity with its own principals still in place. Fortress remains headquartered in New York.