Fortress Investment Group is a publicly traded investment management company that was founded in 1998. The company has over 1,700 employees and more than $41 billion in assets under management. Fortress Investment Group is headquartered in New York City, but the company also has offices around the world.
How It was Founded
The firm was founded in 1998 by Wesley R. Edens, Rob Kauffman, and Randal Nardone. The company was originally a private equity firm that focused on distressed investments. In 2002, Fit expanded its business by launching a hedge fund.
In 2007, the firm became the first private equity firm to be publicly traded on the New York Stock Exchange.
In 2017, it was acquired by SoftBank for $32 billion.
What It Does
Fortress Investment Group provides a variety of services, including private equity, credit, and real estate. The company has invested in many well-known companies, such as Alibaba Group and SoftBank. In recent years, it has been involved in some high-profile investments, such as the acquisition of Toys “R” Us.
Fortress Investment Group’s private equity business focuses on investments in middle market companies. The company has a team of over 90 investment professionals that are based in offices around the world.
Fortress Investment Group’s credit business provides financing to companies and investors in the form of loans and equity investments. The company has a team of over 60 investment professionals.
Fortress Investment Group’s real estate business focuses on investments in commercial real estate. The company has a team of over 30 investment professionals that are based in New York City and London.
Wesley R. Edens is the co-founder and co-chairman of Fortress Investment Group. He is also the owner of the Milwaukee Bucks NBA basketball team.
Randal Nardone is the co-founder and chief executive officer of the company.
SoftBank is a Japanese conglomerate that acquired Fortress Investment Group in 2017. Masayoshi Son is the founder and chief executive officer of SoftBank.