An Overview Of Fortress Investment Group’s Business
Founded by Wes Edens, Randal Nardone and Peter Briger in 1998, Fortress Investment Group has become a massive company with a reputation of being among the largest employers in the United States. The company began as a private equity firm and made its first public move in the New York Stock Exchange in 2007.
Over its period of existence which is now close to twenty solid years, the company has become a massive master of physical assets as well as financial assets in the U.S. and has recently begun moves to expand in different countries and continents. The primary facilitator of the company’s success is private equity funds as well as the company credit funds.
Another expertise that Fortress Investment Group is proud to have is that of acquisitions and mergers. The company is equipped with professionals that have become experts on the field as they interact and network with stakeholders of competitor firms.
These employees have been a handy tool for Fortress Investment Group even when it comes to trading at the capital markets because they have already learnt what the stakeholders from competitor firms are doing different and this is beneficial information for the firm to trade and play fairly.
Fortress Investment Group has been an operations management expert over the years it has been in existence, and it has learnt how to create value for itself through investments, is an investment firm. Moreover, the company has acquired vast experience since it has networked with companies from different industries and in the process, Fortress has gained a lot of knowledge on the market trends. It has been facilitated through its successful company portfolio management programs that are conducted by professional portfolio managers.
Late last year, Fortress Investment Group was purchased by a Japanese company named as Soft Bank Group. The company acquired fortress for an approximate of $3.3 billion. However, Fortress would continue to operate as an independent firm, and the executive founders of the company would retain their positions in the company. Another advantage that came with the merger agreement is that Fortress would continue to be New York-based although operations would be within Soft Bank Group.