Fortress Investment Group; A Private Equity Firm

Fortress Investment Group is a well-known, worldwide spread, investment group, comprising of renowned investment managers from around the world who manage assets of private and organizational investors, specifically in these categories of investment; private equity, credit and real estate investing and permanent capital investment. It was founded as a private equity firm in 1998 by Wes Edens and Randal Nardone, and it grew into a diversified firm in the world of investing later on. Fortress Investment Group invests in assets that guarantee cash flow and in capital-based businesses in many parts of North America, Carribean, and Western Europe. The group of private equity managers and employees in Fortress Group contain the experience and qualities to carefully choose and manage investments for many large businesses and the areas in which they have mostly shown their expertise in private equity include financial services, healthcare, transportation, energy, and infrastructure.

Leadership at the group is dedicated to constructing rules and regulations that create opportunities for investments in asset-based businesses and practice good conduct within the company to maintain a high level of business ethics and integrity. Principals of Fortress Group are:

• Peter Briger, principal and Co-Chief Executive Officer in San Francisco

• Wesley Edens, Co-Founder, principal, and Co-Chief Executive Officer since 1998 and before that he was a partner and managing director at Blackrock Financial Management

• Randal Nardone, Co-Founder, and Principal, before he co-founded the Fortress Investment Group he was a managing director of UBS

The Softbank Group of Tokyo has now acquired FIG for $3.3 Billion, all in cash on December 27, 2017. The conditions of both groups were successfully met, and they merged. All Fortress Investment Group’s shares have been taken over by the SoftBank Group and have been removed from the stock market. All of Fortress Group’s financial outcomes will be combined and shown with the financial results of the SoftBank Group’s financial outcomes. Fortress Investment Group would still be run by its Principals Peter Briger, Wes Edens and Randal Nardone in New York under SoftBank’s leadership and SoftBank is devoted to maintaining the leadership, brand, model, culture and the process of the Fortress Investment Group.

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