What you should know about Fortress Investment Group
Fortress Investment Group LLC is an investment management firm that was founded in 1998 by Wes Edens, Randal Nardone, and Rob Kauffan. These entrepreneurs had immense financial experience from their positions at Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management. Their main objective was to create a new kind of investment company and invest in cutting-edge vehicles. As of September 30, 2017, the company manages more than $70.2 billion alternative assets inform of liquid hedge funds, credit funds, and private equity. Fortress manages assets for over 1,750 private investors and institutions across the globe in form of private equity, real estate, permanent capital investment strategies, and a wide range of credit. Headquartered in the New York City, Fortress investment Group now employs over 900 people.
It is managed by three legendary principles Wes Edens and Randal Nardone who are based in New York, and Peter Briger who is based in San Francisco. Fortress group has been a pacesetter since its inception in 1998. This is portrayed when Fortress became the first large-scale private equity company to be traded publicly in the United States. The company launched on the New York Stock Exchange on 9th February 2007. The cornerstone of Fortress is investment performance, and the firm strives to generate risk adjusted-returns for its investors over time. The company has 969 asset management employees, and this included 216 investment experts at their headquarters in New York and other affiliate offices around the world. Fortress Investment Group has come up with robust tools for value extraction from the highly convoluted investments that it makes.
The company excels at evaluating the structural, operational and even strategic facts when managing all its portfolios. Over its two year existence, Fortress has developed expertise in managing acquisitions and mergers. The company personnel have build relationships with several of management professionals, corporate board members, and major corporate stakeholders. This experience means that the Fortress Group is a specialist firm when it comes to capital markets. The company has significant experience in securing financing through equity markets and debts.With its extensive track record of successfully managing portfolio companies, Fortress Investment Group has gained lots of institutional knowledge of different industries. The company has several employees who possess significant sector-specific knowledge that has a global scope.