Fortress Investment Group Shows The Way To Private Equity Firms

Fortress Investment Group has crafted a reputation for trendsetting in the industry since its founding as a private equity firm in 1998. This natural tendency for innovative practices was never more evident than it was in 2007 when Fortress’ initial public offering made it the New York Stock Exchange’s first publicly traded private equity firm operating on a large scale.Fortress has grown today into being a well-diversified investment firm operating globally and managing more than $43 billion in assets.

The company manages assets of more than 1700 investors in hedge funds, private equity, and other investment vehicles. The company’s main base of operations in New York City and Fortress Investment Group employs over 900 people.The three principals of Fortress Investment Group are Randal Nardone and Wes Edens who both perform duties with the company at the New York office, and Peter Briger, who is based in San Francisco. The company specializes in an assortment of core areas of expertise that include but are not limited to:

  • Mergers and acquisition of corporate entities
  • The management of operations
  • Investing based on the value of assets
  • Capital markets
  • Expert Knowledge of companies across multiple sectors

The original founding of Fortress Investment Group was completed by Nardone, Edens, and Rob Kauffman, who retired from the company in 2012. These original founders of the company brought with them an unprecedented wealth of knowledge of expertise from the accumulated years of work experience at industry giants like Lehman Brothers, UBS, Goldman Sachs, and BlackRock Financial Management.The original intent was to create a first of its nature investment firm that was capable of raising the needed private equity to invest in innovative investment vehicles.

The company exploded with growth once started as assets grew from $400 million to begin, to $3.9 billion just five years later. And by 2007, the total value of the assets managed by Fortress Investment Group had grown to $32.6 billion. Rob Kaufmann left the company to pursue a life-long dream he held for car-racing and he purchased a fifty percent interest in Michael Waltrip Racing. His replacement was aforement ioned Peter Briger who has remained on with the company as its third principal to this day.Fortress was purchased in 2017 by SoftBank Group Corporation at a price of $3.3 billion with all principals and company infrastructure remaining in place.

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