Fortress investment group is a global leader and highly diversified investment company with assets amounting to $43.6 billion under management as of 31st December 2017. Established in 1998 by Randy Nardone, Wes Edens, and Rob Kauffman, Fortress Group manages assets for more than 1,750 private investors and institutional clients globally across an array of real estate, credit, private equity, and permanent capital investment strategies.Investment performance is the cornerstone of Fortress Group and they strive to produce strong risk regulated returns for their investors in the long term. By 31st December 2017, the company had a total of 953 asset management staff which included including 216 investment experts at their New York headquarters and affiliate offices across the globe. The leadership of Fortress is dedicated to maintaining resilient corporate governance practices and policies. The Board of Directors of the company has laid down procedures and policies along with a framework for instituting the highest level of accountability and integrity in business. The core competencies of Fortress Group include:
Fortress Group has a profound knowledge of the businesses in which it invests. When the company is operating portfolio companies and executing investments, it has put together a group of investment experts with significant industry-specific know-how and relationships with the leading institutions, individuals and companies worldwide.
Fortress Group businesses across its credit funds and private equity funds focus on asset-based investments, bringing considerable experience in investing widely and entirely in a diverse collection of asset types. The expertise of Fortress extends to financing, owning, pricing and supervising the management of financial and physical assets from capital and real estate assets to financial assets obtained by different long-term cash flows.
Corporate Acquisitions and Mergers
Fortress’s experience in corporate acquisitions and mergers enable them to work with various stakeholders, management and corporate boards of directors to determine the best structuring and implementation of investments.
Fortress Group has considerable experience when it comes to capital markets, and has know-how in acquiring low-cost and low-risk funding for its investments through accessing the equity and debt capital markets.
Fortress Group has developed a collection of tools for evaluating strategic, operational and structural challenges. All these tools enable the company to participate in and obtain value from multifaceted investments. Fortress Group was Millennium Development Group primary lender when they were putting up the $875 million athlete’s village to host the 2010 Winter Olympics in the City of Vancouver, in British Columbia. The city of Vancouver completed the village in November 2009, and the Fortress Investment Group became the owner of the athlete’s village shortly after the 2010 Olympic Games.Following the acquisition of Fortress Group by SoftBank Group (SBG) in 2017, the company is currently operating within SBG as an independent firm with its headquarters in New York. The principals of Fortress Group Randy Nardone, Wes Edens, and Pete Briger are still the leaders of the company. SoftBank Group is devoted to maintaining the business model, processes, culture, personnel, brand and leadership that have supported the success of Fortress Group to date.