The first of its kind, the alternative asset investment management company, Fortress Investment Group, it is leading the world with its expertise in asset-based investments, mergers and acquisitions, and company portfolio building. They currently have 1750 investors with an invested wealth of $43 billion. They are 900 strong now following the principles on which the company is built. Fortress Group Investments started as private equity firm back in 1998 and have come a long way since then. Founders Rob Kauffman, Wes Edens, and Randal Nardone shaped up the company. They are equipped with tools to manage returns on uncommon investments. Their intention is to invest in high-end vehicles and raising private equity. Asset-based investments are comparatively safer with guaranteed regular revenue generation for a longer term. The feel confident to do so because of their significant exposure to managing, pricing, financing physical as well as financial assets.
With 20 years of experience in mergers and acquisitions, they are easily able to connect with important board members, professionals, stakeholders and maintain a healthy long-term relationship with them.
They expanded at an astronomical pace, acquiring high-value assets and there was a substantial increase in investors. This went on for years until 2007, when the company offered its shares with an IPO. They were the first alternative-asset investment management firm to take such a bold step which immediately put them on a global notice. Fortress Investment Group LLC went global after they built headquarters in San Francisco, Shanghai, and Singapore in 2011.
In 2017, SoftBank, a major conglomerate based in Tokyo, acquired Fortress Investment Group LLC at a cost of $3.3 billion. It was agreed upon that Fortress Investment Group will have the independence to operate and innovate under the guidance of their principals Peter Briger and Wes Edens.
At present, Fortress Investment Group operates on these three divisions which are Credit division, Private Equity, and Permanent Capital Vehicles.
Principal Peter Briger joined Fortress in 2006, with an experience of 15 years at Goldman Sachs, is managing the Credit division introduced in 2002. Emphasis is given on intricate and illiquid investments they feel can be used to generate revenue. On the other hand, the private equity division is responsible for regular returns from investments in North America and some places in the Caribbean.