Fortress Investment Group is a management investment firm that was created in 1998 by Randal Nardone who is based in New York, Peter Briger who is San Francisco based, and Rob Kauffman who retired in 2012. The company applies its know-how in a wide range of acquiring and managing properties in the areas of credit, asset management and private equity on behalf of more than 1750 clients. The company directs more than $43 billion in assets on behalf of the investors. The company has its main offices in New York and other offices around the world.
The core areas of operation of Fortress are asset-based investing that deals with real estate and credit, the operations management sector that extracts value from each investment done, the corporate mergers section that manages the merging and acquisition processes. The company also has a capital market section that has experts who secure funding via equity markets and debts. Fortress Investment Group has a good portfolio management record that has provided significant knowledge of different industries and has some people who have the specific knowledge about a sector.
Fortress Investment Group was created with the aim of introducing an alternative asset management strategy by capitalizing on cutting-edge vehicles. The approach made the value of assets under management grow from 400 million dollars to about 3.9 billion dollars in a five-year period and $32.6 billion in 2007.
In 2007 after the company went public, it was the first company to be bought by SoftBank at $3.3 billion. After the purchase of Fortress Investment Group by the Japanese firm, the company continued its operation independently with the headquarters being in New York and Nardone, Briger and Edens were still the principals. The acquisition has made SoftBank utilize the experience of the staff at Fortress to get into the asset management sector. The principals stated that the purchase is considered a cash-in to them and that Fortress Investment Group will continue providing services in the alternative investing sector. The current operations of the company are focused on Permanent Capital division, Private Equity, and Credit. A Force of Innovation: Two Decades of Fortress Investment Group
Original source : https://www.fortress.com/contact