The Fortress Investment Group was established in 1998 with the objective of offering investment and financial services. Its founders are Randal Nardone, Rob Kauffman, Pete Briger and Wes Edens. Wes Edens acts as the Chairman and CEO of the organization. Pete Briger holds the position of the president and Co-chairman while Randal Nardone is the director. In the case of Rob Kaufman, he resigned in 2012. The founders have vast experience in areas like banking, investment, hedge fund, and financial management. For the past 20 years, the business leaders have been instrumental in transforming the organization. Currently, it is regarded as being one of the largest financial management firms. Fortress Investment Group was also listed in the NYSE in 2007.
Services offered by the Group
The main products and services offered by the Fortress Investment Group include traditional assets management, railroads, credit funds, private equity, and hedge funds. It has many subsidiaries such as NationStar, New Media Investment Group, and the Brookdale Senior Living. The leadership of the Fortress Investment Group is committed to upholding strong policies that aid in corporate governance and the creation of positive organizational culture. The group has made significant contributions in the management of permanent investment vehicles. Some of the PIV that the group has worked with include Fortress Transportation and Infrastructure Investors, New Senior Investment Group and New Media Investment Group Inc. the group has propelled the listed organizations to high levels of success. To know more about the company click here.
In 2017, the group was acquired by the Softbank Group Corp which is a Japanese Conglomerate which deals in both financial and telecommunication ventures. The move to acquire Fortress Investment Group was prompted by the need to increase its global stance in offering financial services. Despite the merger with the Japanese based organization, the management firm remained as an independent business. The founders still manage its operations. The move to retain the management team was influenced by the desire to uphold the organizational culture that had been created over the years. The success of the group can be attributed to the contributions made by the founders. Their skills, commitment, and innovation are exceptional.
Even after the acquisition by Soft Bank, Fortress Group has still maintained its position as a leading player in the financial sector. It has not been affected in terms of administration in any way. The leadership of the company has been maintained even in the new dispensation.