Fortress Investment Group: Transforming to Become a Successful Investment Firm
The Fortress Investment Group has been around for more than two decades, being established in 1998. The company developed an expertise in managing acquisitions and mergers, and they are also one of the leading private equity firms in the United States that offer financial and investment management services. The company’s headquarters can be found in New York City, and they have more than 900 employees in the present. The company was founded by Wes Edens, Randal Nardone, and Rob Kauffman. Wes Edens and Randal Nardone continue to work with the company, serving as the principal, and after Rob Kauffman retired, a third principal started to work with them – Peter Briger. They are working together to ensure that all decisions have been known to everyone, and they are also discussing every change that the company would come into.
The Fortress Investment Group is working closely with their clients. Those who have given their investments to the company are observing their every move. Clients have been given them their finances because they believe that the company would be able to transform it into millions and billions overnight. The company is very successful in the field of business and finance because their former clients have recommended them to their friends, family members, and business partners. The word of mouth advertisement was proven to be effective, and the Fortress Investment Group managed to grow their assets to $43 billion partly because of the free advertisement that their clients did for them. The founding members of the Fortress Investment Group could not believe how far they’ve journeyed in the business sector.
Before establishing the company, Randal Nardone, Wes Edens, and Rob Kauffman were working for the BlackRock Financial Management and other financial establishments. They had an idea to create a business that would focus on investing in different investment options, and they were able to present themselves to a huge number of clients who have seen their success. In just a short amount of time, the Fortress Investment Group managed to get a lot of investors, and they used the money that was invested in them to expand their business operations. The newly established company caught the attention of business and investment experts because of the unique strategy that they introduced. The company started with a few hundred million in their assets, and it grew instantaneously to billions after a few years. Today, the company keeps on presenting their success on a huge number of audiences.