An Insight into Fortress Investment Group- a Leading Private Equity Firm

Fortress Investment Group is a private equity firm that was founded in 1998. For the two decades that the company has been operational, Fortress has been recognized as a trendsetter. The company has been expanding its base of operation since 1998, and in the year 2007, the corporation was recognized as one of the largest private equity firms to enlist at the NYSE (New York Stock Exchange) IPO (Initial Public Offering). Currently, Fortress is a global investment management firm that has handled over $43 billion in terms of assets belonging to over 1,750 investors. The assets are in the form of private equity, hedge funds, and permanent capital vehicles. Far from that, the company has more than 900 employees working in different facilities owned by the company.

Through the leadership of three principals, Fortress Investment Group has been thriving progressively over the years. The three principals and founders of the company are Randal Nardone, Peter Briger, and Wes Edens who have worked collaboratively to lead the company to its current success and growth. The founders of Fortress were well versed with matters relating to finance. Afterward, the company was able to launch the Fortress Investment Fund in 1999. Eventually, the company was able to diversify by indulging in real estate, hedge funds, and debt securities. With time, Fortress Investment Group decided to recruit Michael Novogratz and Peter Briger as a fund manager and an executive principal in the organization respectively.

Fortress Investment Group specializes in capital markets, operations management, asset-based investing, sector-specific knowledge about various institutions and companies, and corporate mergers and acquisitions. The asset-based investments owned by Fortress consist of assets in real estate, financial vehicles, and capital thereby bringing about long-term cash flow. Additionally, the company has also gained a lot of expertise in financing, owning, pricing, as well as the management of financial and physical assets. Over the years, Fortress has made various acquisitions such as the Canadian company Intrawest, the Penn National Gaming (a company that dealt in horse racing venues and casinos), and the Rail America Florida East Coast Industries. It is through the continuous dedication and team spirit of the leaders at Fortress Investment Group that the company has managed to reach to greater heights within two decades only.

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