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.