Successful investment is every group’s goals and targets. Fortress Investment Group is a leading and most diversified global investment management organization. It was private business organization and became the first private organization to go public.
Fortress Investment Group consists of assets which in the end, brings the company long-term cash flow. This asset includes capital funds and investment vehicles.
In its many years in operation, the group has created robust tools that are used for taking out value investments. In addition, it has developed strong expertise in controlling mergers and acquisition. Its operation management has impact relationships and understanding with members of the corporate board, management professional, among others stakeholders.
Fortress Investment Group was established by Wes Edens and Randal Nardone, who are the current principals, together with Rob Kauffman who retired in 2012. The founders’ target was to come up with a new alternative type of investment firm. This strategy raised private equity by investing in cutting-edge vehicles. As a result, the group assets under management expanded rapidly in the first five years from $400 million to nearly $3.9 billion. By 2007, the assets were approximately $32.6 billion.
In 1991, the Fortress Investment Group came up with its first vehicle. The company grew in debt and high exposure to risk funds. It therefore, became a success having grown over a short period of time. Its private equity funds also grew by 40% from 1999 to 2006.
Wes Edens and Randal Nardone are currently still involved in the running of the company. On the other hand, Kauffman after 15 years in the company, decided to concentrate on car racing; one of his long life interests. Kauffman purchased a 50% racing stake to compete on the NASCAR circuit. In addition, he established RK Motors Charlotte which facilitated restoration of vintage. Indeed, the company has encouraged numerous investors and created job opportunities for the unemployed.
Currently, Fortress group operations are divided into categories which include; private equity which is focused on the generation of cash flow, credit, and permanent capital vehicles divisions which was launched in 2002 by Briger.
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