The History and Development of Fortress Investment Group

Fortress Investment Group was formed in 1998 and is based in New York. It started as a private equity firm. Over the years, it has become a market leader due to the adoption of innovative strategies. It became a public company in 2007 when it held its first initial public offering. It is now a listed firm on the New York Stock Exchange. The organization has embraced diversification in provision of services to its customers. It has an asset base of more than $43 billion. The number of clients in various portfolios is estimated at 1, 750. It helps the investors to get more returns from their investments with fewer risks. It has more than 900 workers. The firm has three principals. They include Randal Nardone, Wes Edens, and Peter Briger.

Fortress Investment Group specializes in areas such as pricing, asset-based investing, the capital markets, and operations management. The assets include real estate investments. The investment group focuses on achieving more value from its investments. To achieve that, it uses different innovative tools. It has been involved in the mergers and acquisitions of different firms in the country. It employs highly qualified personnel with many years of experience in the banking sector. Therefore, they have a deep understanding of different concepts in banking. Fortress Investment Group helps firms to raise funds through debt or equity. Due to its many years of experience with a good track record in many industries, it has earned a good reputation over the years.

After it was formed, the assets grew tremendously from $400 million to an estimated value of 3.9 billion in a few years. According to a report issued by the firm in 2007, the assets value is estimated at 32.6 billion. Fortress Investment Group started by investing in sectors such as real estate in New York and Toronto. Some of the leadership changes in the firm include the appointment of Michael Novogratz as a fund manager in 2002. He worked for the group for 13 years. He left the firm to focus on cryptocurrency. Before joining the investment group, he worked for Golden Sachs. The company acquired several firms such as Penn National Gaming and Florida East Coast Industries.

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.