Fortress Investment Group Remains To Be the Greatest Force of Innovation

Posted on July 13, 2018 By

Fortress Investment Group Remains To Be the Greatest Force of Innovation

From the moment Fortress Investment was established in 1998, it has remained a trendsetter. This became apparent when it made its initial public offering (IPO) in 2007 on the New York Stock Exchange. With its three competent principals: Randal Nardone, Peter Briger, and Wes Edens, the company has witnessed a lot of success over the years.

Unique Services Offered By Fortress Investment Group

Fortress Investment Group offers its expertise in diverse areas including asset-based investment, operations management, capital markets, merger and acquisitions, and sector-specific knowledge of institutions and companies. The asset-based investments of the company are made up of diverse assets including capital, real estate, and financial vehicles which enhance cash flow for long-term investment. Through its provision of services in these fields, the company has maintained its success.

It’s Success over the Years

Fortress Investment Group has achieved a lot of success over the years. In 2006 and 2007, the company made several acquisitions due to its strength in the market. Some of the organizations it acquired include the Canadian Company Intrawest which is the largest ski resort operator, the RailAmerica, the Penn National Gaming, and the Florida East Coast industries. In 2007, the company made a big splash by going public with an IPO. It was recognized by CNBC as the first hedge fund to launch IPO, and as a result, the move has brought the company out of the “private” which would continuously attract more investors. As a result of its publicity, the profile of Fortress Investment has grown significantly. Since it led the way, the company has made many firms to go public, with Blackstone Group launching its IPO four months after Fortress. Others that have followed suit include Oaktree Capital Group, Apollo Global Management, Ares Management, and Carlyle Group.

About Fortress Investment Group

Fortress Investment is currently run by Wes Edens, Randal Nardone, and Rob Kauffman. The goal of the company has always been to create unique types of investment services, particularly through the alternative-asset strategy which would enhance its success and that of clients. Due to its successful ventures, Fortress Investment assets grew from $400 million to $32.6 billion by 2007.

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