The Fortress Investment Group is a financial management firm that is located in New York, USA. It is a private equity venture that was created by Randal Nardone, Rob Kauffman and Wesley Edens in 1998. In 2007, Fortress Investment Group was listed in the NYSE thus becoming one of the first private equity companies in the USA to be featured in the stock exchange platforms. Based on the 2016 financial reports, Fortress Investment Group managed assets valued at more than $ 70.2 billion. The assets are alternative equity such as hedge funds, credit funds, and private equity fund. Since its creation, the venture has recorded consistent growth.
The Fortress Investment Group has managed different properties such as the Canadian Ski resort, Rail American Inc, Florida East Coast Industries. The move has helped the organization diversify its operations. Not only does it increase revenue generation levels, but it reduces possible instances of financial losses. In 2017, the Softbank Group Corp completed the acquisition of Fortress Investment Group. Softbank Group Corp is Japan based conglomerate that has interest in telecommunication and financial services. The deal saw the Company attain a global stance in the commercial market. Despite the merger with Softbank Group Corp., Fortress Investment Group was retained as an independent business managed by its initial managers
Fortress Investment Group Founders
The investment firm was co-founded in 1998 and has grown to become one of the leading investment analysts in the globe. It was formed by Randal Nardone and Wesley Edens who worked together at Blackrock Financial Management. Randal Nardone is ranked as the 557th person in the Forbes Billionaire List. Wesley Edens is featured in the list with their wealth being linked to the Fortress Investment Group. The two entrepreneurs exhibit unique leadership skills and have helped propel the organization to consistent growth. In 2014, Fortress Investment Group was ranked as the Hedge Fund Manager of the Year. The leaders are committed to empowering their customers and offering financial services and advise. Currently, the director position in the organization is held by Randal Nardone. The investors have been instrumental in upholding the competitive advantage of the company in the sector.