When you need help managing assets ranging from long term cash flow to real estate, you need one of the world’s largest companies to assist you! Fortress Investment Group know a thing or two about managing all of your physical and financial assets to make sure they are safe and secure for a very long time. Their experience with acquisitions and mergers allow them to work with stakeholders to determine the execution of an investment. Fortress has a team of investment professionals whom have relationships and expertise with a variety of institutions and companies alike.Since their founding year of 1998, they have launched investment funds and made acquisitions very rapidly for their industry. Fortress Investment Group started as a private equity firm in New York City by Wesley Edens, Randal Nardone and Rob Kauffman.
All three gentlemen came from a background of business and finance, making them a triple threat to the investment world. When Fortress launched on the New York Stock Exchange in 2007, it was made the largest private-equity firm in the United States to be publicly traded.Although the economy downfall hit the nation very hard a year later, they have since acquired multiple portfolio companies making them remain on top of their game.In 2010, Fortress Investment Group invested $875 million dollars to Millennium Development Group to build an athletes village for the Winter Olympics in Vancouver, Canada. With the project being completed in November of 2009, Fortress Investment Group became the owner of the athletes village after the Winter Olympics. In 2011, they opened offices in San Francisco, Singapore and Shanghai. They also launched the Fortress Asia Macro Fund, winning them “Best Singapore Hedge Fund” and “Best Asia-Based Macro Fund” awards in 2013. They previously won the “Best New Asia Hedge Fund” award in 2012.
With a launch of less than 2 years, they had already made themselves a household name from a country they chose to open an office- making them VERY valuable!A decision to be buy Fortress Investment Group was made in 2007. The company to be so fortunate to do so was Softbank Group Corp for $3.3 billion. This was a major game changer for both companies to gain from. At the time, the IPO was at $18.50 a share but with the financial crisis, the amount went down to only .77 a share as many companies were afraid of taking a risk of things getting worse. Fast forward 10 years later in 2017, the buyout became official when the public community to appreciate their shares again. Being in public was very difficult for Fortress to do because they wanted to convince their shareholder community that their investments were worth a lot more. So now they will operate as an independent company within Softbank Group Corp. The purchase was very interesting for the financial community because SoftBank is known for being in technology and now becoming a part of the financial world is a big change in their company’s strategy.