Since its establishment as a private equity company in 1998, Fortress Investment Group has been setting new industry standards. For instance, following its initial public offering (IPO) of 2007, it became the first big private equity company to be listed on the New York Stock Exchange (NYS).
Currently, Fortress is a world-known investment management firm that controls more than $43 billion of assets for more than 1,750 investors in hedge funds, permanent capital vehicles, and private equity. The main offices of this investment management company are in New York, and it has over 900 employees. It has three principals: Wes Edens and Randal Nardone based in New York and Peter Briger of San Francisco. Fortress Investment Group focuses on the following areas:
- Investing in assets
- Capital markets
- Operations management
- Corporate mergers and acquisitions
- Mastery of companies and institutions at the sector level
The firm has invested in a plethora of assets such as capital, real estate, and financial vehicles that generate long-lasting cash flow. It has unmatched expertise in pricing, holding, financing, and management of not only physical assets but also financial ones.
In the arena of operations management, the firm has created reliable tools for mining value from the vastly complex investments it makes. When it comes to the management of its portfolios, Fortress Investment Group thoroughly examines operational, organizational, and tactical facts.
Fortress Investment Group is a trusted authority when it comes to guiding mergers and acquisition. Its employees have a deep understanding and professional relationships with various corporate board members, company heads, and other important corporate stakeholders.
The firm also has extensive experience in capital markets. It boasts substantial expertise in obtaining financing through debt and equity markets.
Lastly, Fortress has accumulated an in-depth institutional knowledge regarding a wide range of industries from its long stellar record of running portfolio companies. Its workforce consists of experts who have extensive sector-specific knowledge, which is global in scope.
Fortress Investment Group is a brainchild of current Principal Randal Nardone, current Principal Wes Edens, and retired Principal Rob Kauffman. The founders came with substantial financial experience from senior positions at Goldman Sachs, UBS, BlackRock Financial Management, and Lehman Brothers. Their aim was to establish a new kind of investment firm that invested private equity into innovative vehicles. Within a half a decade, they had grown their assets from $400 million to about $3.9 billion. By 2007, the company had assets under management worth $32.6 billion.