Fortress Investment Group, a diversified investment management firm, directs assets greater than $70 billion in private equity, permanent capital vehicles, and hedge funds for more than 1,750 investors. It was started as a private equity firm in 1998 and has been a trendsetter since that inception; especially visible by the initial public offering in 2007, making history as the first large-sized private equity firm to enter into the New York Stock Exchange. It was unique at that time being it was the first large-scale firm to invest in alternative investments.
Fortress Investment Group is headquartered in NYC and employs over 1,100 people. It’s three main officers are Randall Nardone and Wes Edens in New York along with Peter Briger in San Francisco. Fortress Investment Group is based on long-term “strong risk-adjusted returns” as a strategy for its investors and has four core expertise areas: asset-based investing, operations management, corporate mergers and acquisitions and capital markets.
Fortress Investment Group has gained valuable experience in merger management and acquisitions in general through its two decades of existence allowing it to build a team of knowledgeable and talented personnel maintaining relationships with a diverse group of corporate board members, management professionals, and other corporate stakeholders.
Fortress Investment Group was merged with SoftBank through purchase in 2017. SoftBank Group Corporation, a multinational corporation headquartered in Tokyo, Japan bought Fortress for the price of $3.3 Billion. It continues to run Fortress as a separate entity and has continued operating it with the same officers. SoftBank has changed the direction of Fortress slightly to include developing a top position in the global informational revolution managing a massive portfolio reaching worldwide. It contains companies in advanced telecommunications, Artificial Intelligence, smart robotics, Internet of Things, clean energy, and Internet services. The purchase of Fortress was a strategic maneuver to attain the investment expertise the SoftBank Vision Fund wanted to attain for its chief investment fund.
Fortress is expected to continue on the current trajectory of being a top contender in the worldwide stage for alternative asset management with a growing workforce of over 1,100 talented employees in 15 offices globally and over $70 Billion currently entrusted to their asset management teams.