Fortress Investment Group is an organization that majors in investment management. Three partners founded the firm as a private equity firm. It drastically expanded into a hedge fund, debt security and investment management. In 2007, the company received much publicity as it was the first private organization to be traded publicly in the United States. As a result, Fortress has experienced significant growth, and by 2016 they managed over $ 70 billion worth of investments.Fortress Investment Group core competencies involve various aspects of their business management. This includes specializing in assets investing that results to significant experience and expanding expertise in pricing, financing as well as managing physical and financial assets. Another core competency includes the vast knowledge of the companies to invest in. This is one aspect that has enabled fortress to experience rapid growth. The operating team is made up of professionals and experts in determining leading companies across the globe hence allowing Fortress to invest in such organizations.
Corporate mergers and acquisitions have allowed Fortress leadership to work with the corporate board of directors, executives and different stakeholders to execute optimal investing strategies.The company is also able to access equity capital markets as well as debts. This is achieved by acquiring low-cost financing corporates. The company is also in a position to evaluate the precise value of significant investments. Fortress has continued to thrive and experience major expansion, due to its aggressiveness and success in their operations, Japan-based Softbank Group has acquired Fortress Investment Group. The acquisition that amounted to $ 3.3 billion is expected to add investment expertise to Softbank Group. However, Fortress is expected to continue its operations independently, and it also maintains its leadership, personnel and its rich culture in the business models. Following the acquisition, Fortress stock has stopped trading, and it was removed from the New York Stock Exchange. The acquisition that was closed in December 2017 indicates that Fortress financial statements will now be consolidated on the SBG which will announce the impacts after that.
The deal was closed following the agreement, and after conditions were met including transactions approval by all Fortress shareholders. The leadership behind the success of Fortress Investment Group is a combination of leaders with skills, knowledge and experience in corporate management. Randal A. Nardone is a co-founder and a principal; he has been serving as a member of the board of directors. Nardone brings in vast knowledge and experience from his previous jobs where he served as a managing director of UBS and as a principal of BlackRock Financial Management Inc. he holds a B.A in Biology and English from the University of Connecticut.Wesley R. Edens, he too is a co-founder and a principal at Fortress, he studied at Oregon State University and acquired his B.S in Finance. Edens is also a member of the board of directors since 2006. He served as a partner and a managing director of Lehman Brothers. Just like Nardone, Edens also worked at BlackRock Financial Management.