Fortress Investment Group is a force of innovation in the management of investments in America and the world. It is headed by partners who have a lot of knowledge in the field of investments and finance. The partners are Randal Nardone, Wes Edens, and Peter Briger. They have worked with leading financial institutions such as Goldman Sachs and Lehman Brothers. The coming together of this minds was a blessing to the investment industry. They have the goal of having an investment which focuses on different asset classes which create private equity. It is a dream they are pursuing up to today. As such, through sheer determination and commitment, Fortress Investment Group has grown to unimaginable levels. With an initial base of around $400 million, the firm has won the trust of many clients who have continued to engage its services. The asset base is currently in excess of $70 billion and continues to grow. It is such a tremendous achievement.
Perhaps its journey to succeed in the world of investment was when it released its first investment vehicle. It was popularly known as the Fortress Investment Fund. This new investment product was launched in the year 1999. It attracted the attention of many investors who saw it as a new frontier in the world of investment. From the initial investments in the New York and Toronto real estate markets, the Fortress Investment Group has continued to grow its asset class and the assets under management. It has significant interests in debt markets and hedge funds. These investments have continued to perform exemplary in the market which has assisted the firm in attracting more clients. The decision to go public in the year 2007 illustrated the confidence the founder members had in the firm. It was the first private equity firm to go public. It made history which gave investors another reason to seek its services.
The entry of Peter Briger was one of the most remarkable moments for the firm. The professional in the field of investments and finance was instrumental in bringing vast knowledge and connections to the firm. The new partner previously worked for Goldman Sachs. This is another renowned firm in investment markets. The new partner would bring in vital knowledge needed to steer the firm forward. Mr. Peter had more than one decade working in the Asian financial sector. His entry would be critical in understanding the Asian market and attracting investors from this region. The three are in charge of Fortress Investment Group which continues to cement its name in this highly competitive industry.
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