From the onset of its operations in 1998 when Fortress Investment Group was founded as a private equity company, it has grown by leaps and bounds to become a formidable market leader. The firm broke the headlines in 2007 when it became the premier private equity firm to offer its IPO and start trading its shares in the New York Stock Exchange.
Currently, Fortress Investment Group has a portfolio of over 1,750 investors under its belt that totals up to an asset base of over $43 billion. The firm is responsible for controlling and directing the assets into hedge funds, private equity, and permanent capital vehicles with the sole objective of earning the clients profits in the long run. Fortress has offices and partners in the United States and around the world, but its main headquarters are in New York.
Fortress Investment Group is led by three able executives namely Wes Edens, Randal Nardone, and Peter Briger who are its founders and principals. The three are household financial experts having worked for renowned companies including Goldman Sachs, Lehman Brothers, and UBS. Fortress is famous for the specialized services they offer. They include the following:
Fortress Investment is famous in matters operations management. Over the years, the firm has created advanced methods of ensuring the investments made are as profitable as possible. It has a unique way of evaluating structural, operational, and strategic policies when investing the various assets in their disposal.
In the last two decades of operations, Fortress Investment has made significant strides in understanding matters that involve mergers and acquisitions. Its employees have built relationships with many corporate stakeholders, corporate board members, and management professionals that help whenever called.
The firm’s assets-based financing done through credit funds and private equity encompasses several assets including capital, real estate business, and financial vehicles that ensure a steady flow of cash. Fortress Investment is known for its vast knowledge in owning, managing, pricing, and financing financial and physical assets.
Fortress Investment Group has a remarkable history of results when it comes to handling portfolio companies. The track record has ensured that it earns significant knowledge and expertise in managing several industries. Its workers are explicitly trained to handle individual market sectors.
Other than the various financial services they offer, Fortress Investment Group also makes acquisitions to widen its portfolio. In the fiscal year 2006-2007, they purchased Intrawest, Florida East Coast Industries, and Penn National Gaming.
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