Fortress Investment Group is an investment company that manages assets on behalf of private investors and clients from institutions globally. The firm has over 1800 clients who are served in asset management strategies, private equity, credit and real estate in Italy, Singapore, Hong Kong, Los Angeles, Philadelphia, and New York City. It was founded in 1998 by Wesley R. Edens, Rob Kauffman, and Randal Nardone. Currently, Peter Lionel Bridger JR is the chairperson of the executive team of five members who have a broad and wide range of expertise in their areas of specialization. When it launched the NYSE in 2007, it was the largest private equity firm in the United States to be traded publicly. In 2016, the firm managed about $70.2 billion in private equity, liquid hedge, and credit funds.In 2017, the Soft Bank Group (SBG) Corp completed the acquisition of the Fortress Investment Group.
The SBG and its whole-owned subsidiaries now own all its’ shares. The completion of the acquisition followed the approval of the transaction shareholders on 12 July 2017 as well as receipt of all necessary regulatory approvals. The financial results were consolidated and reflected in SBG financial statements. Henceforth, it has operated within SBG as an independent business maintaining the same brand, business model, culture, and personnel.Many employees are positive working in Fortress Investment Group. The company has been described as the fast-paced company with the excellent management team and high turnover. The personnel exhibits a lot of professionalism to employees who are motivated once they start their career. Also, the company has availed a dynamic environment and the remuneration of the workers in reasonable quality and quantity. The firm owns an athlete’s village in Vancouver which they funded the Millennium Development Group to build a $875 million building for the 2010 winter Olympics.
Since its formation as a private equity firm in 1998, Fortress Investment Group has wide-ranging experience and competency in valuations, private equity, and capital investment strategies. There are many core competencies of the Company. The first one is the asset-based investing where it specializes in both credit and private equity investments. The firm has a diversity of experience in owning, pricing, financing and supervising the management of both physical and monetary assets, such as real estate and principal assets. The second one involves their deep-rooted knowledge in companies they invest. It has built a team of professionals that execute investments and operational portfolios. The third core benefit is the executive management. Using its refined expertise, The Company is now assessing its structural and strategic challenges. The fourth one is their competency in corporate mergers and acquisitions which has given them a platform to negotiate with boards of directors and various stakeholders to enable them in structuring and executing investments. Lastly, it has shown considerable expertise in capital markets, which include securing low-cost capital markets.