The Fortress Investment Group is a global private equity leader in managing investments in real estate, capital assets, physical assets, and financial assets worth more than $70 billion. The Fortress Investment Group’s leadership includes major investors – Peter L. Briger, Jr., Co-CEO in the San Francisco office, Mr. Wesley R. Edens, Co-Founder and Co-CEO headquartered in the New York Office, Mr. Randal A. Nardone, Co-Founder and Co-CEO also in New York.Fortress also has offices in Philadelphia, Los Angeles, Hong Kong, Italy, and Singapore. Fortress Investment Group LLC had its beginnings in 1998 with major investor Wesley Edens whose background was as a partner at the prominent BlackRock Financial Management Corporation. Randal Nardone also worked for Fortress in its early start after having worked as the managing director of global giant UBS. Mr. Peter Briger was a former partner at Goldman Sachs. Key management investments for its asset-based foundational base is built on being experienced in the industry portfolios that Fortress invests with, including worldwide leading individuals, companies, associations, and other prominent establishments.
Fortress is also a global leader in corporate mergers, acquisitions, and minimal risk financing ventures. Fortress Investment Group had a shaky period during the 2008 fiscal crisis.The Fortress like other financial companies has had its ups and downs. For example, the Fortress Investment Group had invested in the 2010 Winter Olympics athlete’s village in Vancouver British Columbia. During the financial crisis Fortress was forced to back out of their promise to fund the construction of the village. Since Fortress was unable to fund the village, the funding was taken over by the city of Vancouver and the village was completed in time for the Olympics. After the Olympics was over, the athlete’s village became a part of the Fortress Investment Group holdings. The Fortress Investment Group has received many accolades from its employees and the financial industry. Employees have commented on social media websites that Fortress challenges its staff who learn from brilliant investment professionals. The staff further states that Fortress recognizes hard work, motivation, and dedication.
Previous honors given to the Fortress Investment Group in 2010, 2011, and 2012 included Discretionary Macro-Focused and Credit-Focused Hedge Fund of the Year. The financial industry has awarded Fortress with the 2013, 2014, 2015 Best Credit Fund and Single Manager Long-Term Performance Overall award. In 2017, The Fortress Investment Group received the Outstanding Achievement honor. In 2016 SoftBank Group Corporation headed by mogul Masayoshi Son, acquired the Fortress Investment Group for a little more than $3 billion dollars. Softbank is also a mega global company whose portfolio consists of technology giants in robotics, telecommunication, internet, AI, IoT, and energy technology provides. SoftBank has a portfolio that involves Sprint, Alibaba, Yahoo/Japan, and many other global affiliates. The Fortress and SoftBank acquisition was a friendly merger with Messrs. Briger, Edens, and Nardone remaining at the managed fund helm. The Fortress Investment Group management arm will operate as an independent business under the auspices of SoftBank, with headquarters in New York City. By July 2017, all regulatory documentations were approved as was the Fortress shareholders vote.