Fortress investment group was destined for greatness ever since its establishment. And in the two decades that the investor has been in operation, it has not only surpassed older investment funds but has also left a trail of historic milestones that have gone on to influence the industry. For instance, the company has had one of the largest assets bases under its management, made history by issuing a public IPO and also took hedge funds international with the Softbank acquisition.
How Was It Able To Achieve All This?
The Fortress Investment Group’s operational force draws a lot of strength from its founders and current management. Its foundation, for instance, was set on five financial titans that came together and initiated the fortress idea. They would go on to set different departments such as credit management, mergers, and acquisition, asset-based investing and capital markets based on their unique strengths. The founder’s experience and specialization in running different departments have helped the company emerge as the market leader.
The investment company started its operations in 1998 with Randal Nardone, Wes Edens and Rob Kaufman acting as founding partners. In the next few years that followed, the company would attract leading investment professionals like Peter Briger who would like a pivotal role e in furthering the company’s vision. The company also made history by making it one of the first private investment groups to issue a public IPO in a trendsetter move that saw several other funds follow suit.After going public, Fortress investment group sought to establish a global presence by partnering with some of the world’s leading investment bank, Softbank. It would, therefore, sell a significant portion of its shares to the Japanese-based investor. These milestones not only helped it carve out its niche in the world of managed finances but also helped inspire its share value.
How Has The Investor Stayed Afloat?
The finance and investment world is relatively challenging, and most companies barely make it past the five years in operation. However, Fortress Investment Group has withered it all and went on to become one of the largest private equity management firms in the world. And according to its management, this was only achieved through and continuous innovative efforts in all its fields of operation. The innovative part of the company would especially come under severe threat during the 2007/8 economic depression. Most of the real estate and credit investment vehicles like mortgage and averages were no longer viable investment option. The company would however quickly adapt and look up to other equally profitable revenue sources like managing distressed debts.