Fortress Investment Group, an epitome of decades of professional excellence. The company has been running, growing and developing since its inception in 1998. It was first founded as a private equity firm by three brilliant minds namely; Wes Edens, Randal Nardone, and Rob Kauffman. All three co-founders brought in immense efforts, knowledge, and expertise has had previous working experiences from notable institutions such as Lehman Brothers, UBS, Goldman Sachs, and Blackrock Financial Management. The investment group made headlines as the first private equity firm to go public on the New York Stock Exchange in 2007 barely a decade after its launch.
Currently, Fortress Investment Group is an international investment management company that has over 1750 investors in its portfolio directing over $43 billion of assets from across the globe. Its headquarters are located in New York creating employment for more than 900 workers. Rob Kauffman retired in 2012 paving the way for Peter Briger to come in as the third co-principal for the reputable company.
Fortress Investment Group has gradually grown into a market leader in the capital and investments sector primarily focusing on capital markets, operations management, company mergers and acquisitions, and asset-based investments. It is divided into three categories with each co-principal attaining leadership responsibilities in every division. The first section, currently led by Peter Briger was launched in 2002, is the credit division. It centers its efforts on distressed and illiquid credit investments and undervalued assets.
Led by Wes Edens, the second division encompasses on Private Equity that follows through cash flow generation from investments set in North America, Western Europe, and the Caribbean. Some of these investments include Brookdale Senior Living, New Fortress Energy, Aircastle, Floride East Coast Railway, and Holiday Retirement. The last section, Permanent Capital Vehicle section oversees on investment in the transportation, infrastructure sectors, real estate, and local media assets.
In 2017, after a tremendous run in acquisitions and asset growth, Softbank Group Corporation won the race in purchasing Fortress Investment Group for $3.3 billion. Briger, Nardone, and Edens continued to stay and run the group as co-principals. The investment group will continue to be a force in the industry with its outstanding culture and strong leadership. A Force of Innovation: Two Decades of Fortress Investment Group\