The Fortress Investment Group can be cited as being one of the leading investment management firms around the globe. It has in the past successfully managed the operations of many permanent capital vehicles. Under the deal, it has been allowed to hold long duration assets on behalf of the publicly traded corporations. Some of these corporations include EuroCastle Investment Limited, New Media Investment Group Inc, New Senior Investment group, Fortress Transportation and Infrastructure Investments. The Fortress Investment Group has been successful in pushing the operations of the listed corporations to new markets. Recently, the group expressed its interests of venturing into both the energy and the real estate sectors. The move is based on the urge to diversify its operations as a way of reducing the levels of risks.
The exceptional performance of the Fortress Investment Group saw it being listed in the NYSE in 2007 despite being private equity. The platform allowed it to offer more than 8% of its shares to the public. In 2014, it was named as being the Hedge Fund Manager of the Year. The success of the group can be linked to the innovation and skills of its founders. Before forming the group, individuals such as Randal Nardone and Wes Edens had worked in other financial institutions. Not only did such engagements allow them to create professional networks, but they also improved their skills in commercial operations.
The Creation of the Fortress Investment Group
The group was created in 1998 with the aim of offering investment management services. The founders of the organization include Randal Nardone, Rob Kauffman, Pete Briger and Wes Edens. Both Wes Edens and Randal Nardone are listed in the Forbes Billionaire List with their wealth being linked to the investment group. All the founders except Rob Kauffman are still enrolled in the operations of the group. Although the Softbank Group Corp acquired the firm in 2017, it is imperative to note that the professional team was retained. The decision was based on the urge to maintain the positive organizational culture that had been built by the leaders over the years. They can be defined as committed, innovative and highly skilled leaders.