Fortress Investment Group was founded as a private equity firm 21 years ago. The company was formed in New York, New York, and the headquarters are located in New York City. The principals of Fortress have established the company as an industry innovator from the start of this global organization. Wesley Edens, Randal Nardone, and Peter Briger are the principals.
Two decades later, the company manages a diversity of investments with assets in excess of $43 billion. Fortress Investment Group has over 900 employees in numerous offices around the world. The primary focus of the firm is centered around investment activity that will produce a long-term, rather than shorter-term, cash flow. Their strategic plan consists of a number of specialties that include but are not limited to, corporate M&A transactions, capital markets, real estate, operations management, hedge funds, and private equity. The company has a highly established reputation in the area of mergers and acquisitions with a long history of corporate relationships. Fortress serves over 1,750 clients.
Fortress trades on the NYSE. The initial public offering of the firm took place in 2007. When Fortress Investment Group went public, it was a groundbreaking event in the private equity sector. The firm was the first to go public on the exchange. The leadership of Fortress Investment Group has been recognized as a trendsetter in the investment market both in New York and on an international level. Wes Edens and Randal Nardone are based out of the Manhattan headquarters, and Pete Briger works in the San Francisco office of Fortress. The company also directs a lending fund, and clients can receive direct lending services through the fund.
The capacity to extend private credit to Fortress investors is beneficial to both parties. Clients no longer need to use the traditional sources to obtain direct lending, and it is a profitable open-end asset fund for Fortress Investment Group.