Fortress Investment Group Thrives Even After Two Decades
Fortress Investment Group was formed in 1998. It was started as a private equity firm. The organization has grown from strength to strength over the years. It has lived true to its initial dream of catering for a special group of clients who had no access to asset investment advisory services and financing. It has even done more. It had its IPO in 2007 where it was noted as a trendsetter. It was, indeed the first large equity firm from the private sector to be listed on the stocks exchange (NYSE). Fortress Investment Group has its headquarters in New York City.
Fortress Investment Group as it is today
Fortress Investment has grown by leaps and bounds. It has an asset base of $43 billion. The company takes care of assets belonging to over 1750 both public and private companies, in hedge funds, and permanent capital investors. The company says that it has a strong bias for the management of risk, and has indeed won lots of corporate support for their highly specialized risk management skills. The company management and experts say that their long-term risk management helps them maintain sustainable assets for long. The company recently attracted the attention of investors from Asia. The deal was concluded, with Fortress Investment Group being given the latitude to continue operating independently; even though it was formally acquired by SoftBank.
The Three Principals
Fortress Investment Group has three principals. Two of them, i.e. Randal Nardone and Wes Edens are based in New York Peter Briger is based in San Francisco. The three principals are charged with leading the company to the next level. They make important company decisions as guided by the shareholders. It is under their management that Fortress has highly diversified products and services. The company offers services such as investment in assets, management operations, capital markets services, consultancy on mergers and acquisitions, development of financial reports and balance sheets among many other services that they try to customize according to the demands of the customers. The company offers investments that are usually asset based. These investments are broadly diversified. They include capital, real estate firm, financial instruments for the creation of cash in the long term and more. The company has thus drawn a lot of attention because of its proven long-term strategies as far as investment is concerned. They also help clients deal with issues relating to pricing, ownership, financing and the management of a wide range of asset types.
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