Fortress Investment Group: A Story of Growth

In 1998, Fortress Investment Group became the first major private-equity firm to go public and be listed on the New York Stock Exchange. This company was co-founded by Randal Nardone, Wes Edens and Rob Kauffman. Nardone and Edens continue as principals of the company while Kauffman has retired to pursue other interests. The third principal of the company is now Peter Briger. Fortress Investment Group works in the area of alternate-asset investment. It seeks to gain value for its clients by investing in cutting-edge opportunities. The company operates within five key areas. These areas are: asset-based investing, operations management, corporate mergers and acquisitions, capital markets and sector-specific companies.

The company is considered to have a special expertise in the area of mergers and acquisitions. This is due to the fact that the officers of the company have a relationship with many important members of corporate boards. They have an understanding of what is important to those who hold key interests in the companies that are planning to merge their operations.During its first decade in business, Fortress Investments Group experienced a great deal of growth within its operations. It created four versions of its initial fund offering, and other funds were created including Fortress Partners Fund and the Fortress Brookdale Investment Fund. During the first five years of the company’s operations, assets grew from $400 million to $3.9 billion. These assets experienced phenomenal growth over the next five years with a growth to $32.6 billion.In 2010, Fortress Investment Group made some major acquisitions.

One of these acquisitions was American General Financial Services. Other companies acquired by Fortress in 2010 included Logan Circle Partners and Mount Kellet. In 2017, Fortress Investment Group was purchased by SoftBank Group Corporation from Japan. The two companies are operated independently. Since being acquired, Fortress Investment Group continues to grow. Last month, the firm announced that it would be creating a new fund that would focus on intellectual property. The fund will seek to buy companies that have acquired a great number of patents. The fund will also be a lender to smaller companies that have many patents.Fortress Investments is expected to continue its growth as it offers new funds. The company remains under the leadership of those who have a long-term relationship with the firm, and this relationship is expected to continue.