Fortress Investment Group: A Leader in Alternative Asset Management

The Fortress Investment Group was founded in 1998 and is one of the largest investment management companies in the world. They are headquartered in New York City, with offices across Asia, Europe, and North America. The company’s primary business is alternative asset management which includes private equity investing, hedge funds management, real estate investments as well as other related services. With over $62 billion assets under control, they have quickly become a leader in this field.

In 2017, The Fortress Investment Group announced that they had been approached with an offer from SoftBank Group Corp. to acquire a major stake in the company. This would be one of the largest investments ever made by a Japanese firm into an American entity and would have marked a significant change on the status quo on Wall Street.

SoftBank Group Corp.’s CEO, Masayoshi Son met with The Fortress Investment Group’s co-chairman first on November 28th and a second time on November 30th where he made a proposal for a stake between 20% and 30%. This would have been valued at between $8 and $10 billion. However, the company’s board of directors decided not to move forward with this deal and no further discussions have been reported.

The Fortress Investment Group of New York was founded in 1998 by Wesley Edens, Rob Kauffman, and Randal Nardone who met while working at BlackRock Financial Management Inc. The firm specialized in alternative assets and quickly rose to prominence through its acquisitions of distressed debt, which is typically valued at far less than the original amount it was purchased for. This allowed them to make significant returns on their investments when they were eventually able to get back 100% of what they had paid.

The company’s merger with the investment firm, Fortress Credit Corporation in 2006 was a watershed moment for the company. Fortress Credit Corporation was a distressed debt specialist which allowed Fortress Investment Group to significantly expand their business. This also led to the creation of their principal investment platform, which is a team of investment professionals that are focused on specific sectors or strategies. Go Here for related Information.