Exponential Growth Rate Of Fortress Investment Group’s Assets

Fortress Investment Group was established in 1998 as a private equity firm, and it became the first private company to be publicly involved in the New York Stock Exchange. As a global asset management firm, it manages assets that worth more than $43 billion that comes from over 1750 investors which have been invested in the form of private equity, permanent capital, hedge funds, and motor vehicles. Also, the firm has its headquarters situated in New York City, and it has a capacity of 900 workers under its roof. Fortress existence was due to collaboration between colleagues who made a general resolution to work jointly, and that individual comprises of; Randal Nardone, Wes Edens, and Peter Briger.

Fortress Investment Group has various areas of expertise specialization, and the major ones include; Operation management, capital markets, commercial mergers and acquisitions, and asset investment. Also, it has a pool of knowledge and skills in issues relating to financing, managing, pricing, and managing of the physical and commercial assets. Having worked in companies like Lehman Brothers, UBS, Goldman Sachs, and Black Rock Financial Management Firm, its founders were highly experienced. Therefore, Randal Nardone and Wes Edens as its current principal, Rob Kauffman who has already retired came with this knowledge to Fortress.

Fortress Investment Fund 1 was launched in 1999 although; it previously practiced real estate investment in the markets found in both New York City and Toronto and it grew to a point it started providing credit securities and Hedge finances. Fortress Investment Group has also experienced exponential growth regarding its private equity firm to an approximation of 40 percent from 1999 to 2006. Michael Novogratz joined Fortress in 2002 as its fund Manager and this being the same role he played while at Goldman Sachs. It appeared to be a big boost to its leadership but, he decided to leave the firm for his other personal Interests in 2015. However, the administration of Fortress remained intact because the organization has never been dependent on a single individual. It always runs as a team to ensure continuity whenever there is some transition.

Finally, Fortress has been able to establish several headquarters in different regions such as in Singapore, two in Asia, San Francisco, and Shanghai. Due to exemplary leadership, cooperation among employees, excellent reputation and good name that Fortress Investment Group has it has been recognized globally to the extent of receiving awards several times such as the 2014 Hedge Finance Director of the year.

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