Fortress Investment is a highly diversified global investment manager with approximately $36.1 billion of assets. The firm manages 1.7 billion assets as of September 30, 2017. The firm is located in New York and was founded in 1998 by Wesley R. Edens, Randal Nardone and Rob Kauffman. The current board of directors at the company are Wesley R. Edens, Peter Briger, Randal A. Nardone, David Barry, Douglas Jacobs, Michael Rantz and George Wellde.
Fortress Investment Group Services
Fortress offers many services in the investment sector. The firm manages assets on behalf of over 1,750 institutional clients and private investors worldwide by raising, investing, and managing assets such as range of credit and real estate, private equity, and permanent capital investment strategies, asset-based investing, capital markets, corporate mergers and acquisitions, and operations management.
Fortress Investment Group Merges with Softbank
SoftBank Group announced its acquisition of Fortress Investment Group. After both sides were satisfied with the terms and conditions, Softbank finally Purchased Fortress for $3.3 billion. Even though Softbank owns all of Fortress shares, the management is still under the principals and co-founders. The principals sold their shares so that fortress can grow into a global company. Fortress will operate independently but under SoftBank.
What employees say about Fortress Investment Firm
The employees give both positive and negative comments about working at Fortress. Some say the experience of working at fortress trains you to work hard, but the salary is not enough for the work you do. People are given job responsibilities that are not in your description.The Fortress Investment Group takes care of your insurance coverage. Some employees say they are satisfied with the way the company is concerned with the employees’ health.
Fortress’s core competencies
Fortress specialises in private equity funds and credit funds, specialise in asset-based investing, operation management, capital markets and corporate mergers and acquisitions.
Fortress Investment Under Softbank wants to lend $2 billion
Fortress after merging with Softbank has decided to enter into the lending market. The company wants to lend $2 billion to the public. The news is not officially out, but according to the people, The New York-based firm is also targeting $5 billion for its fifth, flagship credit opportunities fund. If the rumour is true and fortress goes into direct lending, the company will make high profits.Fortress is growing at a high rate, and its purchase by Soft Bank will increase its ability to lend to more money to people hence more profits.