Alternative Investment Company- Fortress Company

Fortress Investment Group was created in 1998 and ever since their foundation the private equity company has been a trendsetter. In 2007 the Group made history in the New York Stock Market when it became the first private organization to go public. The private equity firm has expanded their portfolio, and today it is one of the international private equity company which manages over 1750 investors with more than $43 billion of assets in private equity, and hedge funds as well as permanent capital vehicles. Fortress Investment Group employees more than 900 people, and have been operating from their Head Offices located in New York.

Fortress Investment Group has the best management team led by its three principles; Wes Edens, Peter Bridger, and Randal Nardone. Ever since the inception of the organization they have been committed to operating on their core principles which include;

• Industry specific skills on organizations and institutions
• Asset-based investing
• Corporate merges and acquisition
• Capital markets

Fortress Investment Group was established by Randal Nardone and Wes Eden who are the current principles as well as Rob Kauffman who retired in 2012. The three founders have vast experience from their former employer; Goldman Sachs, Black Rock Financial Management, and UBS, as well as Lehman Brothers. When the three co-founders came together, they had one goal which was to create an alternative asset investment company. The firm has continued to grow, and few years after its foundation it launched their first investment vehicle in 1999, and they named it Fortress Investment Fund I. The alternative asset firm had made other investment in the real estate sector in regions including Toronto, and New York.

Nordone and Wes are still involved in Fortress Investment business as top leaders of group, but Rob decided to retire, and he is now doing what he loves best; car racing. After Rob’s retirement, he bought 50% of Michael Waltrip Racing which has been competing on NASCAR circuit. Rob Kauffman is the founder of RK Motors Charlotte which has taken the responsibility of restoring vintage muscle cars. In 2017 Fortress Investment Group was bought by Softbank, a Japanese Multinational investment company with their Head Offices in Tokyo. Fortress Investment continues to operate from New York.

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