Fortress Investment Group is one of the highly reputed asset management companies in the world. Additionally, the firm also manages credit and liquid hedge funds. The firm was founded in 1998 and it is based in New York United States. The company has being providing outstanding services due to extensive expertise in investment field. Currently, the company is managing approximately 1,500 organizational and private properties in the world. The company has on estimate 900 employees and its co-founders are Randal Nardone and Wes Edens who are as well its principal along peter Briger.
A recent article published in patch.com indicates that Fortress investment group’s success has been attributed by innovation and “strong risk-adjusted returns” strategy .The Company was also recognized in 2007 as the first private company to participate on the New York Stock Exchange (NYSE). Currently, the company offers a wide range of the investment activities globally. Moreover, Fortress investment group manages approximately $43 billion investor’s assets from private equity, hedge funds among others. In addition to the stated, the company has expertise and competencies in asset-based investments, capital markets, operations management and general knowledge of companies’ investments. Fortress investment group has an adequate knowledge in corporate acquisitions and merging. In 2017, the Softbank purchase the company at a cost of $ 3.3 billion.
Today, Fortress Investment Group’s exists in three operations segments which include Private Equity, Credit, and Permanent Capital Vehicles. In 2002 Briger launched the credit segment compromising Drawbridge Special Opportunities Funds, Fortress Japan Opportunity Funds, Fortress, and Fortress Secured Lending Fund among others. Most of its Investments are worldwide.
Secondly the private equity segment concentrates its operations in Caribbean and Western Europe. Some of the services in this division are financial services, infrastructure and healthcare. It has several holdings such as Aircastle, Global signal etc. Lastly, the Permanent Capital Vehicles segments comprises of five publicly traded capital vehicles that is New Residential Investment Corp and Infrastructure Investors LLC, Fortress Transportation, New Senior Investment Group, Eurocastle Investment Limited and New Media Investment Group. The stated bodies focus on real estate investments in residential properties. Transportation structures, housing properties in the United States, real estate related assets and local media assets mainly in Italy.
Currently, the company is divided in three segments to improve its services and to get specialized expertise. Segmentation ensures the company’s lead in the future.
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