After 20 Years Of Fortification, Fortress Investment Group Continues To Stand Firm

When Fortress Investment Group declared its IPO in 2007, it became the first American large-scale equity company to appear publicly on the NYSE. That year marked the firm’s unrelenting growth. More than 10 years later, Fortress Investment Group has grown to become even bigger. By January 2018, the company was said to be directing a staggering $43 billion of its valuable assets that come from its more than 1, 750 investors. According to that report, FIG controls hedge funds, permanent capital vehicles, and investors’ private equities among other things.The firm with its headquarters located in New York, employs one of the most comprehensive yet elaborate ‘strong-but risk and adjusted returns’ policies that has helped it remain steadfast.

It should be remembered that perhaps, there is no any other private equity firm that has such a firm strategy as does Fortress Investment Group. The company has employed more than 900 people who depend on it.Running such a successful private firm has not been an easy thing as one of its three co-principals Peter Briger says. “It is not any easy job to run such a huge private equity firm. It required due diligent and commitment,” Briger says. He adds that although they have been able to make a mark by sustaining a large employee base, they still have a long way to go. Peterb said that they are still pressing on, looking for even fresher ways to improve. His two other co-principals include Wes Edens and Randal Nardone who is based in New York.

Over the years that Fortress Investment Group has been in the forefront of creating and controlling investors’ assets, it is clear it has narrowed down its objectives. The principals emphasize that the five key areas the company focuses on are operational management, capital markets, and investing in assets. Others include sector-specific knowledge. This is where various companies and institutions are given the knowledge they need to invest. Fortress Investment Group also deals with various acquisitions as well as corporate mergers. All these are what the company calls core areas that have helped it excel above other equity firms.

WES EDENS SUCCESS TRAJECTORY

Wes Edens is the co-founder of Fortress Investment Group which is leading investment company with billions of assets under its management. Wes Edens is among the partners who founded the company in 1998 with the primary purpose of managing assets on behalf of institutional clients and private investors globally. They manage assets such as real estates and provide investment strategies. Edens leadership is credited with achievements such as taking the firm into the public through the initial public offer in 2007. Mr. Edens is the current Private Equity Chief Investment Officer and Co-Chairman of Fortress Investment Group since 2009. He is also the Co-Chief Executive Officer of the company since 2017. He is responsible for managing private equity and publicly traded investment businesses.

Before joining Fortress Investment Group, Mr. Edens had significant experience in investment managerial field. Notably, he worked as a Partner and Managing Director at Lehman Brothers from 1987 to 1993 and at BlackRock Financial Management Company from 1993 to 1997. He has also held key positions in several companies alongside Fortress Investment Group. He worked as Chief Executive Officer at Newcastle investment Holdings from 2002 to 2007. Also from 2002 to 2006, he served as Chief Executive Officer at Eurocastle Investment. Likewise, Mr. Edens remarkably served as the president of Capstead Mortgage Corp from 2000 to 2003.Wes Edens acquired his Bachelor of Arts and Science in Finance and Business Administration from Oregon State University in 1984. Currently, he is on position 962 on Forbes Billionaire list worldwide. Employees at Fortress Investment Group have a high opinion about the positive impact of the company on their career growth.

They are esteemed to be working with a global investment managing company that has a long track record of success. Additionally, the company’s web portal has lots of positive reviews submitted by employees who once worked with the company on different sections. Those who have served as interns at the firm attribute their success in career to the high exposure in the fast-paced platform.Wes Edens is the proud owner of the Milwaukee Bucks which is a National Basketball Association franchise. Additionally, Fortress Investment Group owns a new eSports franchise known as FlyQuest, a multiplayer video game competition that has assembled competing teams in the North America League of Legends Championship. Fundamentally, FlyQuest improves the business and sports experience of Edens and his team. Also, it develops sponsorships and engages fans for sustainable growth.

Highland Capital Management Supprts the Community

An SEC investment advisor known as Highland Capital Management has about $15.4 billion in assets in conjunction with its affiliates. Highland Capital Management was founded by James Dondero and Mark Okada in 1993 and is now one of the most experienced and largest global credit managers. Highland Capital Management handles credit hedge funds, separate accounts, credit strategies, and loan obligations, to name a few. They also provide alternative investments including natural resources, and emerging markets, to name a few examples.

 

The client of Highland Capital Management is primarily made up of endowments, corporations, foundations, public pension plans, and fund of funds, governments, financial institutions, and individuals with a high net-worth. Highland Capital Management is based out of Dallas, Texas and has its offices stationed in Sao Paolo, Singapore, Seoul, and New York.

 

Community is very important to Highland Capital Management and the company stays very involved in good causes. They invest financially as well as through volunteerism and advisory board involvement. Highland Capital Management proudly invests in the very communities where their employees live and work and are very committed to making their mark in a positive way. Highland Capital Management has made generous donations to both local and national organizations and since 2005 have committed over $10 million to various organizations all over the world.

 

Highland Capital Management has recently closed a healthcare equity fund with a total of $147 million in capital commitments. The primary investor of the fund is South Korea’s National Pension Service and it was incepted in 1998.

 

Highland Capital Management will work with Stonebridge Capital in Asia and the strategy developed with their partners is aligned with the interests of Highland Capital Management. North America and Asia are the main targets of the fund and there are more than $1.5 billion in healthcare assets under management.