Fortress Investment Group is one of the most dynamic investment vehicles in the country today. They have been able to diversify investments entering into virtually all leading sectors and industries. The leadership of Fortress Investment Group has been very instrumental to this growth with the two Co-Founders Randal A. Nardone and Wesley R. Edens heading the New York headquarters while Co-CEO and Principal Peter L. Briger is in charge of the San Francisco offices. The success of Fortress Investment Group has been credited to asset management as well as other investments made and is today in charge of approximately 40 billion dollars. Permanent capital vehicles have been a large part of the group’s success as they continue with the management of publicly traded vehicles.
Among these are five core ones that include the New Residential investment Corp, which is listed on the NYSE as NRZ and has been responsible for the management of the residential real estate. The New Senior investment group is another subsidiary they manage. Listed as SNR, they are mainly concerned with senior housing properties. The Newmedia investment group has a large portfolio of local media investments supported by investments in advertising as well. Fortress Transportation and infrastructure is the group’s main driver of investments in infrastructure. This has made a lot of investments in the private rail road’s division, especially through Brightline. Brightline runs numerous private passenger trains with its key operations based in Florida.
These are just some of the few investments that the group has under management. It recently invested in the skiing industry buying the world’s largest ski facility in Canada as part of its diversification program. In 2017 having observed the level of investments it was making Softbank became interested. The Tokyo based investment Bank had been actively looking for an investment vehicle that would help them penetrate the American market and have a number of other brands under it. The group is already a publicly traded company required approval from shareholders for any deal to be made and this request was put forward in 2017. The shareholders met in July and agreed to the offer letting Fortress Investment Group get acquired.