Fortress Investment Group is a giant in managing assets and businesses. Fortress Investment Group is a crucial player in the field of investment management with its operations designed to serve the needs of managers and private and institutional investors on a global scale. The firm applies traditional and alternative strategies for investments.Fortress Investment Group LLC was started in 1998 by four main principals namely Wesley R Edens, Rob Kauffman, Randal A Nardone and Peter Briger. Michael Novogratz joined the team later when the firm ventured into investments related to hedge funds, real estate, and debt security. The corporate leadership for Fortress Investment Group has a track record of both experience and skill. Wesley R Edens initially worked with BlackRock Financial Management as a partner. Rob Kauffman is a businessman together with Randal A Nardone served as managing directors for UBS.
Peter Briger and Michael Novogratz were partners at the Goldman Sachs before joining Fortress Investment Group both having extensive experience in the field of hedge funds, debts security and real estate. Between the time the firm was launched and the year 2006, the firm experienced exponential growth with their private equity funds cumulatively adding up to 39.7%. On February 9, 2007, Fortress Investment Group went public with Lehman Brothers and the Goldman Sachs acting as critical agents in the underwriting of the IPO. The organization went down in history America as the most significant equity firm privately owned to go public. However, the company was on the rocks in the aftermath of the economic crash in the year 2008. Some of its principals such as Wesley Edens were featured in Forbes as among the “biggest billionaire losers of 2008.” The firm has been recognized on several occasions for their outstanding results in the field of financial services. Institutional Investor recognized Fortress Investment Group as the “Credit-Focused Fund of the Year “in 2010 and 2011.
In the year 2012, the firm was also recognized as the “ Discretionary Macro-Focused Hedge Fund of the Year.” In 2014, HMWeek recognized Fortress Investment Group as the “Management Firm of the Year.” Fortress Investment Group has grown into one of the largest private equity fund firm in America. By the year 2016, the businesses under management by Fortress Investment Group added up to $70.2 billion. The assets that were under control by the firm included liquid markets, credit,private equity and traditional asset management. In the closing of the year 2017, SoftBank Group acquired Fortress Investment Group for $3.3 billion. Fortress Investment Group has the reputation of extending a helping arm to other corporations and businesses whenever necessary. The company loaned $100million to Theranos-a medical startup-saving them from the alleged bankruptcy. Employees of the company despite going through long working hours, they have reviewed the company as to be innovative and a thoughtful team with an undying work ethic. The company has its primary objective to provide clients with unique and state of the art adjusted risk returns. Their services are fashioned to serve both the interests of portfolio managers and investors.