The financial industry is still impacted by the decisions made by one of the world’s largest alternative asset managers, Fortress Investment Group. Founded as a private equity fund in 1998, Fortress Investment Group has led the way with its investment strategy. In 2007, the firm became one of the first, if not the very first, large-scale private equity funds to raise capital via an IPO. This listing on the NYSE was new for that era, and from that moment forward, Fortress Investment Group has continued to lead the industry with innovation and forward thinking. In the ensuing decade from the IPO, the group has enjoyed growth and diversification.
Today, the firm’s reach is global, and their positions are well-diversified. With around $43B of assets under management, Fortress Investment Group remains a big player and seeks to maximize the returns of its 1,750 investors. Their verticals include private equity, hedge funds, permanent capital vehicles, and alternative investment management. The firm continues its long-view investment strategy that has proven beneficial for the firm as well as its clients over the past two decades. The three main principals are located in both San Francisco and New York City which allows them to keep a finger on the pulse of the two main financial and technology hubs in the country if not the world.
These principals, two of which are in Manhattan, Randal Nardone and Wes Edens, and the third, Peter Briger is based in San Francisco. The entire firm is dedicated to providing investment strategies that improve their clients’ portfolios over the long-term. Their team is working in many different areas of finance and technology, from Corporate M & A, to Operations Management in the firms in which they have a capital stake.
Their decades-long experience serves the team well, as the experience helps them to bring unique insight to each and every deal along with a deep knowledge base encompassing many different industries and business models including those listed above and more. It will be interesting to see where the next two decades takes such an interesting and innovative financial firm.