Fortress Investment Group: A Leading Private Equity Firm

In the United States, businesses which focus on investment and financial management have a higher chance to become successful over time. One of the best examples is the Fortress Investment Group, which was founded in 1998. Registered as a private equity company, the Fortress Investment Group provides services to business people that help their companies grow through the management of their finances and assets. The company was the idea of three visionary entrepreneurs who worked with different investment companies in the past. They are Wesley Edens, Rob Kauffman, and Randal Nardone. Working with several financial institutions in the past, Wesley Edens, Rob Kauffman, and Randal Nardone were inspired to create their own company that would offer the same services. When their business was realized in 1998, they started to work hard to become the largest private equity firm in the United States.

The founders started off with only a few million dollars on their hand, and after their establishment in 1998, they are only managing assets worth tens of millions of dollars. However, things have changed quickly as the founders met new business partners and clients. Their asset rose to hundred million, and new about their company spread all over the country. The Fortress Investment Group attracted new investors, putting their asset close to a billion dollars. In 2002, Peter Briger joined the company, serving as the principal, and he also contributed to the growth of the business.The Fortress Investment Group was soon introduced to the stock market in 2007 with the help from the New York Stock Exchange, offering 8% of the company to be sold to the public. $600 million worth of stocks were sold after the company’s debut, and it further raised its assets held at $65 billion.

The following year, global recession hit, and companies in the United States was primarily affected. However, the Fortress Investment Group managed to get through the recession and became more competitive than ever.Today, the company celebrates its 20th founding anniversary. The business established by Wesley Edens, Rob Kauffman, and Randal Nardone is now under the control of a Japanese conglomerate called the Softbank Group, and they purchased the company for $3.3 billion. Under the new ownership, Wesley Edens, Randal Nardone, and Peter Briger retained their titles as the principals of the company, and they are collaborating with other companies under the Softbank Group to determine what kind of approach they would have to apply to reach new heights.

Source of the article : https://www.bizjournals.com/newyork/cotm/detail/309/Fortress-Investment-Group

 

One thought on “Fortress Investment Group: A Leading Private Equity Firm

  1. I learn so much from groups like Fortress Investment Group, they have been able to lay a very good foundation for people to work on and become successful. The leaders there has made assignment writing uk investing to be more interesting and with the pool of clients that they have goes to show that they have got a well defined path to success and everyone want to identify with success.

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