The Story Behind Fortress Investment Group Success

Fortress Investment Group is one of the world’s leading investment management companies headquartered in New York, United States. The company was founded in January 1998 by four businessmen; Wes Edens, Randal Nardone, Rob Kauffman, Michael Edward and Peter Bridger. The firm focuses on hedge fund management, bonds, and private equity management. The five co-founders have contributed to the growth of business; in essence, all are grounded with different skills and expertise that are essential in the company’s transformation. Since its founding, the firm has been in the frontline in the corporate world, and in 2007 it was highlighted as the first private equity firm to trade buyout to the public.Through relentless pursuit, the company has had continuous success. Currently, Fortress has created job opportunities for more than 2,500 people.

The investment management company directs over 43 billion dollars of assets to investors in the private equity and hedge funds. The firm has also been actively involved in a series of profitable endeavors. In 2006, the Nomura Holdings acquired 15% of Fortress Investment and paid $888 million. The acquisition was very beneficial to the company’s principals.Fortress Investment Group was initially founded by Randal Nardone, Wes Edens, and Robert Kauffman with the aim of creating a unique type of investment of raising private equity and investing into vehicles. The company’s assets management grew from $ 400 million to $32.6 billion by 2007. The company has made numerous acquisitions between 2006 and 2007. They acquired various companies including the Florida East Coast Industries, Rail America and Penn National Gaming. The investment firm extended its services internationally and also added other new services to their portfolio.

In 2010, Fortress Investment Group acquired AIG American General Financial Services, which later on became Springleaf Financial Services. The transaction was beneficial to both companies. Springleaf value increased to more than $3.5 billion. Apart from New York, the company also operates in San Francisco, Singapore and Shanghai. The equity private firm’s success has been recognized severally. For example, in 2014 they were presented with the Management Firm of the Year Award and in the years 2010, 2011, they were named the Credit Focus Fund of the Year.Recently, Softbank made announcements on the completion of buying Fortress Investment Group. SoftBank Group Corporation is a multinational company based in Tokyo, Japan. Softbank bought the investment firm at 3.3 billion, and Fortress will continue operating as an independent entity under Edens, Briger and Nardone’s watch.

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