The Fortress Investment Group is a prime and highly diversified investment firm based in America, New York City. The Company has been in operation since 1998 as a Private Equity firm. The founders of Fortress include Wes Edens, Randal A Nardone, and Rob Kauffman. Other key people are Peter L. Briger (Principal and Co-CEO), Randal A Nardone (Principal), while offices are in New York City, Philadelphia, Los Angeles, Italy, Singapore, and Hongkong.
The Company registered its first stock on New York Stock Exchange on 2007 February 9. Fortress Investment Group, since its conception, has created a stable clientele of over 1800 investors from private investments and institutions. The Company, as of September 30, 2020, was managing assets worth $72.4 billion. Multidisciplinary employees and their teamwork spirit must have contributed to the success of the Company. Fortress has approximately 900 employees and 180 investment experts.
Fortress Investment Group had invested heavily, with the most recent investment dating back to March 24, 2021, when Picasso raised $1 billion. The Company also has two diversified investments, of which the latest one was $100 million raised by Theranos on December 23, 2017. On July 24, 2020, Fortress acquired Finja Holdings, making the total number of organizations owned by the Company six. Over the years, Fortress has exited from 17 investments due to varied reasons.
Fortress focuses on offering services in various sectors, including Financial Services, Transport, healthcare, energy, and infrastructure. It has two sub-organizations: New Fortress Energy, which is in the business of giving environmentally friendly alternative fuel solutions, and bright-line trains, which are high-speed, eco-friendly passenger trains.
Like any other company, Fortress Investment Group has had its fair share of challenges, but the Company’s strong leadership always helps the Company get back on its feet. Visionary and strategic leadership are evident from the administration of the Fortress. Wesley Edens, Fortress’s Co-Founder, Principal, and Co-Chief Executive Officer, has a B.S. in Finance from Oregon State University. To know more click: here.