Fortress Investment Group – Broad Successful Investing

Fortress Investment Group was founded as a private equity firm in 1998. The group’s initial public offering was in 2007 on the New York Stock Exchange, the first large scale private equity fund to go public on the NYSE. Years later, the investment group is a large diversified global management firm with a specific focus on long term risk-adjusted returns for investors. The groups 3 main principles are New York’s Randal Nardone and Wes Edens and San Francisco’s Peter Briger. The group has assets in real estate, financial vehicles, and capital that results in long term cash flow. The group has experience and has developed an expertise in managing as well as mergers and acquisitions. Fortress Investment Group saw huge growth in the first five years from $400 million to almost $4 billion.

The group continued to grow at a fairly fast pace and kept expanding its’ expertise and success into other financial areas. The group secured a former Goldman Sachs’ employee Michael Novogratz who came on board in 2002 and remained as a fund manager until his departure in 2015. In 2006 and 2007 the group made several large purchases that helped to grow the company significantly. One of these purchases included the biggest ski resort operators in North America. Continued growth occurred especially after the group began focusing on internationally focused funds to its’ growing portfolio. After acquiring multiple big name companies and adding one more headquarters in San Francisco and two headquarters in Asia, Fortress Investment Group was sold in 2017 to Softbank, a Japanese company, for a staggering $3.3 billion. The group was the first alternative-investment firm to go public and was also the first to be bought.

Wes Eden, a huge factor for the investment group is largely involved in a new high tech train running in Miami, Florida. Brightline, owned by Fortress Investment Group, is responsible for this new transportation option in Florida. The train is able to cut through the horrible Miami traffic at high speeds and offers riders nice amenities as they travel. The train seems to be a huge success for riders and is working as planned. Brightline’s success is expected to help raise real estate values in the areas that they are serving as well. Commuting is definitely a large contribution to stress and a huge time burden on people, particularly in large cities like Miami. Brightline and Fortress Investment Group seem to be on top of the game in many regards.

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