This is why Fortress Investment Group stays ahead of the curve
Looking ahead and planning for the future is one of the most crucial things any person can do. To achieve this, investing is the way to go and Fortress Investment Group is the best vehicle to go by. Fortress Investment Group is among the top investment managers in the world and manages assets in excess of $43 billion, besides servicing more than 1,750 high net-worth individuals all over the world. Since its foundation in 1998, Fortress Investment Group has set new standards in the investing world and profited its investors in every way possible. At the height of the company’s success in 2007, Fortress offered its initial public offering (IPO) and listed on the New York Stock Exchange (NYSE), becoming the first multi-million private equity company to achieve the fete.
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Astute Leadership
The success of Fortress Investment Group is not only influenced by the astute leadership at the helm of the firm, but also by the many diversified investing strategies that the company has adopted. As a result, Fortress is the go-to company for mergers and acquisitions, asset-based investing, capital markets, and operations management. With Wes Edens, Peter Briger and Randal Nardone working as the principals of the firm, it is clear that Fortress is under sound management. Given the solid financial backgrounds of the three principals, it is not out of the blues that Fortress has grown to such magnitude.
Acquisition by SoftBank
In 2017, exactly a decade after Fortress went public, Japanese SoftBank Group Corporation purchased the investment firm. In a lucrative deal to the tune of $3.3 billion, SoftBank acquired Fortress Investment Group. Following the acquisition, Fortress now operates independently under Softbank’s umbrella. Financial experts have hailed the move momentous, given the financial muscles of SoftBank and the resource-rich Fortress.
Consequently, Fortress will have the resources to invest in more sectors such as artificial intelligence, the Internet of Things, clean-energy technology, and telecommunications. These are the sectors that have been tipped to grow exponentially in the near future. Wes Edens, Randal Nardone, and Peter Briger retain their positions as the principals of the company even after SoftBank ’s acquisition. Read more on https://www.linkedin.com/jobs/view/paralegal-at-fortress-investment-group-900539384