Fortress Investment Group is an alternative asset manager. It focuses on investing, raising, & managing private equity funds, public alternative investments vehicles, as well as hedge funds. In the recent engagements, the company is expected to operate in collaboration with SoftBank Vision Fund Group Corporation and intends to buy the alternative asset managing company for $3.3 billion in cash form to establish their investment fund technology. SoftBank Group is a global company that is committed to bringing in the information revolution. Their companies entail advanced telecommunications, AI, internet services, and smart robotics among others. Fortress Investment Group was founded in 1998 and has managed assets for over 1,750 institutional customers as a well as the private investors globally. Their strategies revolve around permanent capital, real estate, credit, and private equity. The acquisition of Fortress Investment Group by SoftBank Group was completed and the acquisition is bringing investment expertise in the merge.
However, they insisted that Fortress Investment Group would operate as an independent company with the previous employees and the executives working in their positions as usual with no changes to the leadership stream.The merger agreement was effective in June 2017 and the acquisition signed in December. The outcome is that the common stocks for Fortress will be delisted from the New York stock exchange market and consolidate the finances to be reflected on the SoftBank’s Group financial statements. The impact of the consolidation is expected to be announced by SoftBank Group. SoftBank will as well operate as an independent firm. The headquarters for Fortress remains in New York and the principals of the company are Peter Briger, Randy Nardone, and Wes Edens. It is a deep hope for SoftBank that they will maintain the business model, leadership, brands, the personnel, the business culture, and the processes that have enabled Fortress to remain successful this far. Fortress Investment Group investments have continued to grow rapidly despite the financial difficulties that faced the company sometime back.Fortress Investment Group is one of the first large private equity organizations to be traded publicly in the entire United States. Fortress has undergone rapid expansion with focus revolving around the real estate related investments, hedge funds, and debt securities under the leadership of its principals whose experiences and expertise surpasses any others in the investment world.
The leadership structure has various executives with major leaders being three individuals serving in the company’s topmost positions. Randal Nardone is the chief executive officer, principal, and co-founder whereas Wesley Edens serves as a co-founder and the principal. At the same time, Peter Briger is the principal of the great company Fortress Group. Having been founded as a pure firm in private equity, Fortress has continued to diversify and is becoming a global investment manager that many clients are running to for assistance. The three major fields under Fortress remains credit, private equity, and the permanent capital vehicles. Among the career opportunities in Fortress lie under capital formation group, credit funds, corporate group, fortress affiliate, permanent capital vehicles, and private equity and are spread through their offices and centers in the United States. They advertise for opportunities on their websites for anyone looking forward to working with them.