Peter Briger, Wes Edens and Randal Nardone founded the Fortress Investment Group over two decades ago. The company has grown over the two decades of its existence and is known to be among the best employers in the United States. By last year, Fortress Investment Group had employees totaling to about nine hundred. Fortress began by being just a private equity firm but went public in 2007 during that year’s New York Stock Exchange.
The company has gained expertise in the field of financial assets as well as physical assets all over the United States. About five years ago, the company began expanding to other continents such as the Middle East and Africa. Private equity funds have been the main force that has held the company together over the years, alongside the company’s company credit funds.
Fortress Investment Group has also gained expertise in the area of mergers and acquisitions. However, the company does not purchase firms so that it can change them under its management. In most cases, the company has acquired firms that would need an improvement in a number of sectors, or financial assistance.
Wes Edens has for the longest time facilitated the acquisition of major firms and this helped the company in increasing its annual revenue during his tenure while he was still in charge of the mergers and acquisitions department. The employees of Fortress Investment Group have also been trained over the years to make sure that the standards that the company has set are maintained in all departments. This has really helped in making the company compete effectively against other firms in the industry.
Another field of expertise by Fortress Investment has been in operations management, where the company has learnt to help other companies even in their portfolio management. The employees of Fortress get a chance to network with other employees from the other companies during their interactions as they manage their business portfolios.
This has also given the company exposure to how other industries are and has often been the reason behind the investment choices made in the firm. At the end of 2017, Fortress Investment Group was acquired by Softbank Group which is a Japanese company. Softbank purchased Fortress for an estimated amount of $3.3 billion.