Fortress Investment Group Goes Public

July 20th, 2018 by admin
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Fortress Investment Group was an investment private firm based in New York City. It was founded as a private equity firm in 1998 by Randal Nardone, Wes Edens who are current principals and Rob Kauffman who retired in 2012. Fortress manages Private Equity, Liquid markets, assets, Hedge Funds, Railroads and credit funds management on behalf of private investors and institutional clients globally.

The company’s earliest investments were in real estate and later expanded into hedge funds and debt securities. There was an addition to its core leadership in 2002. It is recognized as the leading globally as the leading investment firm. It was the first large private investment firm to be traded publicly. However, on October 2015 it announced it would distribute its assets to investors and close down.

Fortress Investment Group has a long track record of portfolio companies’ management thus widening their institutional knowledge regarding various industries. It has significant experience in financial acquisition through equity markets and debt.

The investment group in 2006-2007 made key acquisitions, including the Canadian company Intrawest and many more. In 2007, they experienced a major positive impact, which came right after they offered its stock with an IPO. The firm went public before it had suffered major losses. They took the financial center stage and raised the company’s profile significantly. The move to trade its shares publicly caused the addition of internationally focused funds.

The company later opened a second headquarter in the United States and two in Asia in 2011. In 2015 the company closed its hedge fund flagship after it incurred heavy losses. On February 14, 2017, SoftBank Group Corporation accepted to buy Fortress Investment Group for $3.3 billion, and the acquisition was completed in the last week of December for the agreed amount.

Fortress Investment Group new owner manages a worldwide portfolio and is focused on developing a leadership position on the revolutionized unfolding information. Its major vision is to invest and support the changing information revolution. However, Fortress Investment Group is expected to continue in a different-investment field. Despite the purchase by Soft Bank, the Fortress principals will continue with their roles.

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Posted in Company, Investments

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