Fortress investment Group is a private equity firm formed in 1998. It has over 1750 investors and it directs over $ 43 Billion assets in hedge funds, private equity and capital vehicles. It has over 900 employees and its Headquarters is in New York. Its three principals are Randal Nardone, Wes Edens and Peter Briger.
It specializes in:
Asset based investments
This means through credit funds and private equity it creates cash flow that is long term and, that are made up of a diversity of broad assets such as capital, real estate and financing assets.
The company has developed tools for maximizing value from the high investment it makes.
Fortes investment Group has specialized in managing acquisition and mergers.
The company has also specialized in capital markets and in securing finances through equity markets and debt.
Sector- Specific knowledge of companies and institutions
The company also has a wide variety of knowledge of various industries because of managing many companies’ portfolios. It has also employed employees who possess sector specific global knowledge.
In 2017 a Japanese Multinational company known as Soft Bank Group Corporation bought Fortress Investment Group for $3.3 Billion. However, the company continued to operate independently. The company’s new owner is focused on developing position in the information revolution.
Fortress investment Group recently invested in ipass a leading global connectivity worldwide provider. The amount of funding was $20million in total. Ipass used its patents as security for the loan. It got $10 million immediately. Ipass will likely gain competitive advantage with the funding of 20Million and will be able to acquire profits earlier than planned. The company made a wise decision to invest in ipass.
The company recently in its sixth round of funding which was on May 2017 raised 2.9 Billion. Its return on private investors between 1999 and 2006 was 39.7percent more. On February 9, 2007 the company launched on the New York Stocks Exchange. It managed alternative assets more than 70.2 billion by June 30, 2016.
Fortress Investment Group on June 30, 2014 won the institutional Hedge Fund Manager of the Year. The company has won many types of awards in the financial industry.