Since the Fortress Investment Group was started in the year by the three entrepreneurs who are the company’s principle, Fortress has always been the trendsetter. The company started by managing a few properties like real estate investments and providing debt securities and within a short period, it had expanded its operations and right now the company is managing assets worth 70 billion dollars. The company was ranked as the largest and the best private investment company in 2007 by the initial public offering when Fortress Investment Group announced its intentions to go public on the New York Stock Exchange (NYSE).
The Growth of Fortress Investment Group
With the assistance of Fortress’ experienced and competitive management team, the company has made a great progress in the past two decades. The group has been pouching the best individuals from all sectors of business in the past years because they believe in investing in the best and experienced manpower. The company’s combination of its founders, Wes Edens, Peter Briger and Randal Nardone has also contributed a lot to the company’s success. Right now, Fortress Investment Group is a diversified global investment management company that manages assets worth millions for their clients that are more than one thousand seven hundred in private equity, permanent capital vehicles, and hedge funds.
One of Fortress’ strategies can be described as strong hit-adjusted returns for investors over a long term. The company’s headquarter offices are located in New York and it has over nine hundred employees who are well paid in order to keep them focused on delivering their best services to the company. Some of the areas that the company has focused in for the past two decades include asset-based investing, operations management, corporate mergers and acquisitions, capital, markets and also specific sector knowledge of companies and institutions. The company recently closed a deal with SoftBank that they will sell them Fortress Investment for over three billion dollars. According to the company’s principles, the deal will not affect the group’s activities in any way since it will remain independent.
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