The Acquisition and Growth Strategies Embraced by Fortress Investment Group

Although the initial set-up of a business matters a lot, the rate at which an enterprise grows largely depends on the operational and management strategies. When anyone is starting a company, the main objective is making it grow to the expectations the owner had in mind. Many people have discovered that business is the way to go. This has caused many investment management firms to come up. America is on the lead in the number of investment management firms it has. Fortress Investment Group is one of such firms, and it’s doing well. A group of passionate investors started the company in 1998 in New York. Randal Nardone is the co-founder and interim CEO of this equity firm. Wesley Edens and Peter Briger are also experienced executive leaders in this company.

It’s amazing to see how the company has grown. It has greatly expanded in the real estate investments and debt securities. Some of those who served as partners at Goldman Sachs Corporation are leaders in this company today. The private equity funds of this company increased by about 39.7 percent from 1997-2006. Although there were other private equity firms in the United States before, none had been traded publicly. The Fortress Investment Group was the first to allow public participation in 2007. The year 2008 wasn’t a good year for this company. The company went through numerous economic glitches, but it got back to its legs quickly.The steady growth the company has shown since 2010 is incredible. Many publications gave unending acknowledgments to the company for its exceptional growth. The Institutional Investor offered Fortress Investment Group a prestigious award of the year called Credit-Focused Fund award.

Both the Macro Hedge Fund and Institutional Investor acknowledged what the company had done in 2014. The company was named the Hedge Fund Manager and the Year’s Management Fund. By 2016, the company was managing over $70 billion in assets. The assets were categorized as credit, private equity, and liquid markets. As 2017 started, SoftBank Group showed interest in doing business with Fortress Investment Group. It even announced it intended to purchase it. By the end of 2017, the deal was over, and the company was sold for about 3 billion dollars. Although the company was sold, the leaders will still maintain their positions for the next five years. This company has a vast portfolio. The company manages and loans assets of other companies from industries such as retail and finance, biotech and medical, and hospitality. The New Senior Investment Corporation, New Residential Investment Corporation, Aircastle, Railroad Holding Corp, and New Media Investment Group are some of the subsidiaries the company has.

Leave a Reply

Your email address will not be published. Required fields are marked *