Fortress Investment Group was one of the first investment companies of its kind when it was first launched back in 1998. Based on alternative assets, Fortress Investment started out as a private equity and stayed that way for nearly 9 years until they finally became a leader on the market. As of today, Fortress Investment manages roughly 70 billion dollars of assets for their investors around the country and abroad. Their alternative investments typically consist of private equity, luxury vehicles, and hedge funds. Fortress headquarters are in New York, where the company was founded, and over the past 20 years, they have amassed around 1000 employees throughout there locations around the country. The majority of these team members are experienced in vehicles acquisition, real estate, capital markets, financing, management, mergers, and asset-based investing. More Business News at businesswire.com
Fortress Investment was started by three financial experts, Randal Nardone, Wes Edens, and Rob Kauffman. Together, these men had more than 40 years of financial experience to contribute to the company’s success. These executives are well-known in the investment industry and the financial world in general for the extreme wealth they have gained. Nearly all of the executives for Fortress have become billionaires, including Peter Briger. Peter was brought into Fortress Investment Group in 2002 and was placed in charge of the real estate department and equity funds. Peter came to the company with more than 15 years of experience working at Goldman Sachs and he was largely responsible for the company’s public transition. In 2007 when the company turned public with Peter’s help, Fortress was finally featured on the New York Stock Exchange.
Fortress Investment Group was sold off by company management last year to SoftBank Corp, a massive multinational holding company in Tokyo. All things aside, nothing has changed at Fortress Investment Group since the acquisition and Randal Nardone even believes it will help the company expand even further in the future by bringing more attention to the company.