The investment group was founded in 1998 by Randal Nardone, Wes Edens, and Rob Kauffman. It emphasized mainly on asset-based investing, operations management, capital markets, corporate managers and acquisitions and finally on specific knowledge on companies and investments. On the aspect of asset-based investing, Fortress investment group deals with assets such as real estate, capital vehicles, financial vehicles that all create long-term cash flows in the investment group. The sector of operations management has Fortress investment group distinguished in operational, structural and strategic evaluation whereas corporate mergers and acquisitions, the personnel pride themselves in an understanding and creation of a relationship with corporate board members, managers and involved stakeholders in the corporate world.
Finally, the sector of capital markets and specific knowledge on companies and investments engaged in securing finances via debt and equity markets and diverse expertise on industrial institutions respectively. The primary intention is to create a new definition of a different kind of investment firm to raise private equity firm and engage in cutting-edge vehicles. The success was evident in the first five years for fortress investment with a drastic growth from $400 million to $3.9 billion.
In 2007, Fortress investment group made strides by being the first private equity firm to offer initial public offering (IPO) and later expanded their wings into fortress partners fund, long dated value funds, drawbridge global micro-funds, special drawbridge funds, high priced funds and finally on high-risk rewards. In the same year, investment group introduced two new principals into the leadership for effectiveness. In 2017, a landmark change happened when the soft bank bought Fortress investment group at $3.3 billion. The soft bank aims to improve changing information revolution and a long-term plan to increase investment and improvement of management. Current operations of the investment group include credit sector, private equity sector, and permanent capital vehicle divisions sector.
Firstly, the credit sector concentrates on illiquid credit and undervalue assets investments while the second sector private equity focuses on cash flow productivity in investments and finally, the third sector permanent capital vehicles division expertise’s in a residential real estate, transport, aged housing and finally on local media assets. Fortress investment group has left a lasting trademark for both upcoming and existing investment groups with a real and undebatable legacy as a trendsetter.
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