Fortress Investment Group LCC is a highly diversified global investment management company based in New York City. The company has a lot of experience and understanding of the local and international market and thus develops winning investment strategies for its clients for high return on investment. The company manages over 1500 private clients and institutional investors globally. It specializes in liquid markets, traditional asset management and credit.
Fortress Investment Group was established in 1999 but went public in 2007 through initial public offering on the New York Stock Exchange. Its co-founders and principals are Wes Edens, PeterBriger, and Randal Nardone. As a global investment management company, it manages a portfolio worth more than $43 billion. The company has grown to employ more than 900 people for the last two decades with offices in Japan, San Francisco and Hong Kong.
Its founders have a lot of experience having working in the investment banking industry for a long time. The founders held senior positions in UBS, Goldman Sachs, Lehman Brothers and BlackRock Financial Management. Despite the fact that Fortress Investment Group was acquired by SoftBank Group Corporation of Japan for $3.3 billion, the principals continues to hold their positions. This has ensured that the company’s operations were not disrupted by the acquisitions. Today, the company focuses on investing companies taking part mainly in the information revolution such as companies in internet services, advanced telecommunications, artificial intelligence, the Internet of Things, smart robotics, and the clean-energy technology.
To streamline its operations, Fortress Investment Group has three divisions namely Private Equity, Credit, and Permanent Capital divisions. Each of the divisions is headed by its principals. The Private Equity division focuses on the generation of cash flows from control-oriented investments in North America, Western Europe, and Caribbean. It is headed by Nardone and Edens. This division is founded in the experience of the company in the management of assets such as transportation, financial services, energy, healthcare and infrastructure sectors.
Peter Briger heads the Credit division which has been in existence since 2002. The division has operations as the Drawbridge Special Opportunities Funds, Fortress Japan Opportunity Funds Fortress Credit Opportunities, and Drawbridge Real Assets Funds. This division deals mainly with illiquid and distress investments as well as undervalued assets.
On the other hand, the Permanent Capital Vehicles division focuses mainly on the management of publically traded permanent vehicles. These include Fortress Transportation and Infrastructure LLC, New Residential Investment Corp, New Residential Investors LLC and New Media Investment Group. It is imperative to note that these entities tend to focus on investment in transportation, real estate, senior housing, and transportation infrastructure in the United States, Italy and local media assets.