Fortress Investment Group was established in 1998 as a private equity firm, and it has been leading in the market. More so, it was the first firm to venture into New York Stock Exchange (NYSE). To date, Fortress Company has invested more than $43 billion of assets to numerous investors. The company has its headquarter at New York and has more than 900 employees. Three principals run Fortress Investment Group, and they are Wes Edens, Peter Briger, and Randal Nardone.
Fortress company provides lots of services to its investors that are its core competencies comprises of asset-based investing, capital markets, corporate acquisition and mergers, operations management and many other assets investment-related services. This company is reputable in asset-based investments, and the experts in the firm have been offering appropriate services in pricing, financing and proper management of assets.
Also, Fortress Investment Group has been in operation for over two decades handling corporate mergers and acquisitions. This area of its competence has been made a success through the significant relationships that it has with lots of corporate organizations. Therefore, it understands the needs of the clients that are in need of acquisitions and merging their business hence finding right partner becomes easy.
As the primary principals formed the Fortress was to offer quality and productive asset management services to lots of investors. The investments had a drastic growth where it rose from $400 million to $3.9 billion within 5 years. Randal and Wes worked hardtop ensure the company was achieving its long-term goals and incorporation of their third principal Peter has propelled the firm to a better position in the market.
Between the year 2006 and 2007, Fortress Company had acquisition of Canadian company Intrawest and ski resort operator found in North America and other companies. Since it was the first private equity firm to go public, it paves ways to other firms. Firms like KKR & Co., Och-Ziff Capital Management Group, and Carlyle Group Apollo Global Management amongst many more followed the steps of Fortress Investment Group. Furthermore, the company has diversified its services to other countries so that it can serve its customers in the right manner. It has some offices in Singapore, Shanghai, Asia and San Francisco. The leadership of Fortress Company keeps growing as the company increase in growth since according to the statistics the company manages over $70 billion in AUM. For any asset-based investment or corporate merging and acquisition Fortress firm stands to be the most appropriate one.
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