Since its inception as a private equity firm in 1998, Fortress Investment Group has been a force to reckon with innovation and investment. Currently, the group is an entirely diversified worldwide investment management company, which directs more than $43 billion worth of assets for its over 1,750 investors in permanent capital vehicles, private equity and hedge funds. The firm leverages the “strong risk-adjusted returns” risk for investors for the long term. With its headquarters in New York, the firm currently has more than 9,000 people in its payroll. To further its investment interests, the firm has three personnel that work as a team including; San Francisco-based Peter Briger, Wes Edens, and the New York-based Randal Nardone. Over the two decades that the firm has been operational, Fortress Investment Group has established various core areas of expertise, which include capital markets, asset-based investing, corporate mergers and acquisition, as well as sector-specific knowledge of institutions and companies.
Under operations management, the firm has established robust tools and strategies for extracting value from the inherently intricate investment it carries out. Besides, its asset-based investments, both via credit funds and private equity, are comprised of a broad range of diversified assets, including capital, financial vehicles, and real estate that create long-term cash flow. The firm’s personnel are well endowed with expertise in mergers and acquisitions and have relationships with a full range of management professionals, corporate board members, and other corporate stakeholders. Randal Nardone and Wes Edens, both current principals, founded the Fortress Investment Group alongside Rob Kauffman who retired in 2012. These three principals leveraged deeply engraved experienced from positions in various entities such as the UBS, Goldman Sachs, Lehman Brothers, and BlackRock Financial Management.
The founders’ goal was to develop a new kind of investment firm. Within the first five years, the assets under their management grew astonishingly from $400 million to about $3.9 billion. By last year, 2017, they had assets worth $32.6 billion.The first decade of the firm’s operation was hard driving and dramatic. By 2006, the entity had expanded its Fortress Investment Group; one with two versions three and four. Later, various others came online, including the Drawbridge Global Macro Fund, the Fortress Partners Fund, the Fortress Brookdale Investment Fund and the Drawbridge Special Opportunities Fund. The group has made several notable acquisitions, including a Canadian firm Intrawest, which is North America’s largest ski resort operator. Later on, between 2006 and 2007, the firm purchased Penn National Gaming, RailAmerica and Florida East Coast Industries. In 2011, in a move to globalize and expand, the entity opened a second headquarter in U.S.’s San Francisco and Asia’s Singapore and Shanghai.