The Position of Fortress Investment Group in the Industry

Established as a private equity firm in 1998, Fortress Investment Group is one of the leading investment management firms in the whole world. Its founders were Randal Nardone, Wes Edens, and Rob Kauffman. Their combined efforts to form Fortress brought a lot of experience and expertise that they had gained from other walks of their professional careers in such organizations as Goldman Sachs, UBS, BlackRock Financial Management, and Lehman Brothers. When forming the investment company, their main aim was to create a new type of investment firm that would consolidate private equity fund that would later be invested in cutting-edge capital instruments.

Shortly after foundation, Fortress Investment Group turned into a success. It experienced a prompt growth with its managed assets sharply rising from a meager $400 million to a whopping $3.9 billion within the first five years. This growth never stopped there. By 2007, the Fortress had acquired a total of over $32 billion in assets under management.Fortress Investment Group manages assets on behalf of its clients, who range from institutional customers to private investors. Due to the vast experience that the employees of the company possess, the institution has moved from just a private equity management firm to an alternative asset manager. They have expanded their scope of asset strategies to cover real esate, permanent capital vehicles, credit, hedge funds and other traditional asset management strategies.

In 2007, Fortress Investment Group announced its first Initial Public Offer IPO, a move that till today remains historical. It was the first alternative investment firm of its caliber to make such a move. This move was not taken lightly by the public and other firms in the investment industry. It brought Fortress into the limelight and offered it very positive publicity. What followed was other companies of its type following suit, one of them being Blackstone Group which went public barely four months after fortress. Within the next one year, other companies like Oaktree Capital Group, Apollo Global Management, Ares Management, KKR & Co., and Och-Ziff Capital Management Group also went public.

About Fortress Group

This investment management institution was initially headquartered in New York. However, due to its expansive nature, the company has opened additional headquarters in various parts of the world among them being Singapore, Shanghai, and also a second U.S-based headquarter in San Francisco. Its rapid expansion has also necessitated increment of their employees to more than 1000 employees, to enable them to serve their expanding clientele. Learn More.

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