Fortress Investment Group is a publicly held asset management company headquartered in New York City. The company was founded in 1998, and accordingly 2018 marks its 20th year in business.
At the time that the company went public in 2007, it was notably the first large private equity firm to have ever done so. The global, alternative asset management firm trades on the New York Stock Exchange. They currently manage more than $43 billion in assets. This high level of success eflects the good judgement and financial expertise of its top level executives and the entire team at Fortress Investment Group. There are three principals of the firm, namely Wes R. Edens, Randal A. Nardone, and Peter L. Briger. Wes Edens and Randal Nardone are based in New York, and Peter Briger in San Francisco. SoftBank Group Completes Acquisition of Fortress Investment Group.
Edens and Nardone are amongst the original founders of the company. Over its 20 years, Fortress Investment Group is at a high with more than 900 people currently in its employ. The company is globally recognized, and it serves its investor clients from around the world. Currently, they have a client base of more than 1750. The Fortress Investment Group offers their clients a diversity of investment options that are prime to generate a long term cash flow and capital growth.
The firm directs asset investments and investment operations including, but not limited to, mergers and acquisitions, real estate, credit funds, private equity, and hedge funds. Decades of industry expertise, along with their results driven investing strategies, have built the reputation and the success of the firm to its current level. The three top level executives are considered trendsetters in the industry.
Wes Edens serves as co-CEO, President, and CIO of the firm. Randal Nardone is an attorney and serves as a Director on the Board of Directors. Pete Briger is a co-CEO, co-chairman, and President of the real estate capital division, and the credit funds division.