This investment group is a preeminent, extremely diversified international investment manager with about $43.6 billion of assets under its administration as of 31/12/ 2017. The firm manages assets on behalf of private investors and over 1,700 institutional clients worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.
Fortress Investment Group was founded in 1998 by two of its three principals Wesley R. Edens who is a Co-Chief Executive Officer and Co-Founder, and Randal A. Nardone, a Co-Founder. Peter L. Briger, Jr., serves as Co-Chief Executive and is based in San Francisco, while Wesley and Randal are in New York headquarters offices. As a private equity company, it quickly grew into debt securities, hedge funds, and real estate related investments. These efforts were attributed to Peter and Michael Novogratz who run it.
Fortress Investment Group business segments include credit hedge funds, credit private equity, permanent capital vehicles, and private equity, having $8.9 billion, $15.1 billion $7.8 billion, and $6.5 billion assets under management respectively. Private equity includes general buyouts and sector-specific funds in asset-based businesses and cash-flow generating assets in the Caribbean, Western Europe, and North America. Private capital vehicles strategy involves publicly traded firms investing in media, transport & infrastructure, and real estate. Credit private equity business comes from distressed and undervalued assets and assets from intellectual properties, capital, and natural resources. Credit hedge funds strategies incorporate opportunistic lending scenarios and distressed loans, corporate securities, and assets.
Acquisition by Softbank
Fortress Investment Group was acquired by SoftBank Group Corp. from Japan in a cash deal worth $3.3 billion. SoftBank is a known technology investor and agreed to but Fortress for $8.08 for every share. The acquisition will not affect Fortress investment model nor its daily business activities.
Fortress and 2010 Olympics
Fortress Investment Group had essential financial control over vital 2010 Olympics host destinations. Fortress Investment was the firm that provided a construction loan towards the construction of the Olympic Village in Vancouver. Fortress accorded Millennium the loan, a firm that operates Whistler/Blackbomb Olympics venue ahead of the event. The two venues were the most crucial host locations during the games.
Corporate mergers & acquisitions: they have valuable and reliable experience in corporate M&As that gives them the ability to collaborate with management, the board of directors and stakeholders in forging a new structure and starting an investment that will function optimally.
Following business in diverse industries, Fortress has developed deep knowledge in areas where it invests. Their investment expert team has industry-specific expertise and connections with noteworthy individuals, institutions and firms globally.
Fortress is an asset-based business, one of their primary competency. It has a specialty in asset-based financing and invests broadly in diverse types of assets. They are management experts in pricing, owning, financing, and overseeing of both financial and physical assets which they diversify by using long-term cash flows.
Fortress Investment is a professional in wrapping up low-risk and low-cost investment financing as it evaluates debt and equity capital markets.
Using their refined tools, Fortress evaluates challenges related to operations, structures, and strategies coming up with investment values amidst complex investments.
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