Fortress Investment Group was established in 1998. It was created as a private equity firm. Randal Nardone, Rob Kaufman, and Wes Edens were the primary co-founders of the initiative.
The headquarters to the firm are located in New-York, USA. The firm also has other affiliate branches across the world. The firm manages the assets of their institutional clients and private investors all around the globe.
The objective that has been driving the firm forward is the credible and fundamental Investment performance. Perennial investment returns have been one of the aspirations Fortress Investment Group is working towards to.
By the end of June 2018, the firm had about 915 employees and 205 teams of experts in the field of investment. This was in their various associate offices around the world and their main headquarters.
The firm has put a lot of emphasis on the following fields; management of operations, capital markets, asset investment and also corporate acquisitions.
The main reason behind the establishment of Fortress Investment Group was to come up with new options for asset management. The firm was started with $400 million in assets, which with time has grown up.
The assets of the firm have risen due to the availability of an experienced team of staff and total commitment of its leaders to the firm’s undertakings. The entire side of the firm has criteria of having a good business atmosphere and understanding of their colleagues. This has in return resulted in a magnificent performance of the firm.
Fortress Investment Fund was the initial project to be undertaken by the firm, and this was in the year 1999. The project later developed into hedge funds and debt securities. Real estate was amidst the earlier investments to be undertaken by the firm.
Fortress Investment Group was in 2017, announced to be sold to a Japanese-based firm, Softbank. Softbank purchased the firm at the cost of $3.3 billion though it retained its headquarters in New-York.
The joining hands with Softbank were to help the firm to open more investment opportunities at the world level. The deal was also to aid the firm to build up a strong pillar on what it had started during its establishment.
The purchase was to supplement more of the investment professionals and perfect their performance. The new owners have already launched Softbank Vision Fund which will be utilized to support investment and also strengthen to emerging issues in information.