How Has Fortress Investment Group Achieved Its Growth for The Past Several Years?

Fortress Investment Group is a New York-based private equity firm operating for the last twenty- three years. The Fortress was established by three business partners: Rob Kauffman, Wes Edens, and Randal Nardone. By 2007, Fortress Investment became the first publicly traded private equity firm on the NYSE platform in the US. As of March 2021, Fortress Investment Group was managing assets worth 53.1 billion dollars for more than 1800 global institutional clients and private investors.

Fortress manages assets in a range of investments, including private equity, credit, real estate, and permanent capital investments. After the three partners mentioned above established it, Fortress Investment Group drastically expanded into real estate investments, hedge funds, and debt securities. These investments were managed and run by two former partners at Goldman Sachs, Michael Novogratz, and Peter Briger. From 1999 to 2006, Fortress Investment’s private equity funds had increased by 39.7%.

By 2016, the New York based private equity firm Fortress Investment Group had managed assets totaling 70.2 billion dollars in private equity, liquid markets, and credit funds. Fortress Investment has led a successful path for the last couple of years In New York, and in 2017, SoftBank began its acquisition process for the company. The acquisition of completed in early December for 3.3 billion dollars. However, Fortress Investment will continue with its operations and retain its leadership power.

Fortress has acquired multiple organizations and firms over the past decade including, RailAmerica, Brookdale Senior Living Inc, AirCastle Ltd, etc. As of June 2021, Fortress Investment Group announced its business collaboration with Colony Capital. They will become General Partner and Manager of Colony’s co-investment vehicles, CDCF funds, and non-digital real estate positions. According to the latest reports, Fortress acquired several Colony Capital’s properties and account positions for 535 million dollars.

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