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The Skinny On Fortress Investment Group

New York City’s famed Wall Street is unarguably the global capital of financial activity; the Nasdaq Stock Market, the New York Stock Exchange, and countless big-time asset management firms are located in or around the Big Apple’s Wall Street. Fortress Investment Group is one of the many investment management firms located in New York and is known throughout the area as one of the finest in the industry.

Fortress Investment Group is currently managed by Randal Nardone, Wes Edens, and Peter Briger, though the business was founded by Nardone, Edens, and Rob Kauffman in 1998. The organization is proud to say that it manages upwards of $40 billion’s worth of its 1,700-odd clients’ assets.

Let’s take a look at how Fortress Investment Group’s dreams of success came to fruition, what business practices Fortress engages in as means of generating revenue, and take a peek into the working histories of its founders and current principals.

A brief history of Fortress Investment Group

In 1999, less than one year after the firm was founded, it launched Fortress Investment Fund I, the first big-time investment portfolio that Fortress put out on the market. The next year, Fortress came out with the Fortress Brookdale Investment Fund. In 2003, Fortress formed Eurocastle Investment Limited; just one year later, Eurocastle came forward with an initial public offering. Very few investment groups are able to push its creations to the level of coming through with IPOs, though the financial services experts at Fortress Investment Group managed this remarkable feat no more than five years into its life.

As of 2007, Fortress had founded Fortress Investment Fund V – since then, the company has come forward itself with an initial public offering and is currently traded on New York Stock Exchange.

Fortress Investment Group primarily generates revenue through managing its many clients’ assets, though it also offers advisory, consulting, and legal services related to mergers and acquisitions.

The founders

Wes Edens – owner of the NBA’s Milwaukee Bucks – Randal Nardone, and Rob Kauffman – a famous racecar driver – founded Fortress. In 2012, Kauffman retired; two-time Ivy League graduate and 15-year veteran of Goldman, Sachs & Co. Peter Briger filled in his role the same year.

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