The Fortress Investment Group was established back in the year 1998. It was founded by three gentlemen namely Randal A. Nardone, Wesley R Edens, and Rob Kauffman. The Fortress group is located in New York City and mainly deals with investment management. Fortress later on expanded its activities into real estate-oriented investments, debt security and hedge funds. The group grew rapidly with its private equity funds rising to 39% within a period of about six years.Fortress Investment Group manipulates their specialized expertise that have a wide experience in traditional asset management, investment strategies, liquid markets, credit, and private equity. Fortress Investment Group LLC manages assets for over 1700 private investors and institutional clients globally.At Fortress Investment LLC, investment performance is their main pillar. By the end of 2017, they had a total of 953 asset management employees, including the 216 investment professionals both in their headquarters in New York City and their associate offices internationally. Fortress group has its core competencies which are;
Fortress has widely experienced expertise in capital markets, securing low- cost and low risk financing for the group’s investments by accessing the equity capital markets.
Fortress has come up with a set of tools to work on structural, strategic, and operational challenges. This has enabled the group to acquire more value from the complex investments.
Corporate Mergers and acquisitions
Fortress Investment Group has a wide experience in mergers and acquisitions. This has enabled the group to work in collaboration with boards of directors and different stakeholders to come up with an optimal structuring of an investment.
Fortress has deep information on the kind of industries to invest in. The group has come up with a team of investment professionals to work on execution of different investments.The kind of leadership at Fortress has also been a key factor that has resulted to its success. The leadership at Fortress has remained committed to maintaining enviable corporate governance practices and policies. The Board of Governors at Fortress has come up with a frame work to establish the highest level of accountability and integrity in business.Mr. Peter L. Briger, Jr. serves at Fortress Investment LLC as a Co-Chief Executive Officer. Since the year 2002, he has been a member of the Fortress Management Committee. He also serves as a member of the board of governors since the year 2006. The other Co- Chief Executive Officer is Wesley R. Edens who is also a Co-Founder of the Fortress Investment LLC. Other members of the Fortress board of governors are Michael G. Rantz, Douglas L. Jacobs, George W. Wellde Jr., and David B. Barry.The successes of Fortress Investment LLC are clearly evident. In the year 2014, it was named the management firm of the year by HFMWeek. It was also, in the same year, named the Hedge Fund Manager of the year by the institutional investor. In both 2010 and 2011, the Fortress investment was recognized as the Credit-Focused Fund of the Year.