The Fortress Investment was founded in 1998 operating in the line of private equity. Since its inception, the firm has actively set the trend in the financial markets sector. Its dramatic breakthrough was as a result of the Initial Public Offering (IPO) in 2007. At this time, it emerged as the very first firm publicly featuring on the New York Stock Exchange market.
Fortress Investment Group is currently a diverse investment management firm operating globally and directing more than 43 billion dollars in assets. The assets are majorly from private equity investors, permanent capital vehicles and cutting hedge funds. It seeks to adjust high-risk returns for investors in the long run. With its headquarters in New York, Fortress has managed to employ 900 experienced people who are a great part of its successful operations. SoftBank Group Completes Acquisition of Fortress Investment Group.
Fortress Investment Group primarily operates in areas relating to the investment in assets, corporate mergers and acquisitions, capital markets and the management of operations. It also deals with specific knowledge of companies and institutions in the sector. It has a significant approach in obtaining finances through equity and credit markets.
Its founders, among them the current principals Randal Nardone and Wes Edens brought in their knowledge and expertise in the financial industry gained from their previous positions in other companies. The idea behind the formation of Fortress Investment Group was to offer people an alternative firm in the investment of assets. In 2017, the company was purchased by Softbank Group Corporation just after going public as the first alternative investment firm. Fortress continues with its operations as an independent firm under the leadership of its three principals: Nardone, Edens, and Peter Briger.
Through Fortress, Softbank seeks to establish a top position in the growing informal sector. Softbank is one of the global leaders with a focus on companies dealing with developed telecommunications technologies, artificial intelligence, provision of internet service, robotics as well as services on green energy. Its move to purchase Fortress is strategic as it seeks to incorporate the investment expertise in managing funds on the flagship investment. Fortress has also engaged in other successful partnerships with reputable firms in the past including iPass.
Fortress Investment Group takes pride in a high-end investment portfolio, an experienced leadership team as well as s strong desire for sustainable success.