As of today Fortress Investment Group is considered a investment management firm that has access to 43 billion dollars from over 1750 investors. The founders of his firm were Randal Nardone, Wes Edens, and Rob Kauffman who had financial experience from successful businesses such as Goldman Sachs and Lehman Brothers. From its early beginnings in 1998 to now having over 43 billion dollars in assets it began with only 400 million. Then by the year 2007 it had 1st Initial Public Offering when it decided to go and join the New York Stock Exchange.
Fortress Investment Group has its expertise in several areas. These areas include operations management, capital markets, and asset base investing just to name a few. The reason for their vast success is the individuals in charge of knowing how to handle the assets of their investors. Also having created several tools that allow for highly intricate investments. Most investments in terms of asset based were diverse including real estate firm, capital, and financial markers. Another special quality of Fortress Investment Group is knowing several members and professionals in different organization allowing greater understanding of potential relationships causing more company wide mergers and acquisitions.
Fortress Investment Group was able to make in 1999 their very first investment fund which was placed in real estate and the New York and Toronto areas and was able by the year 2006 to have grown their funds to nearly 40%. So by the year 2006 they were able to actually take that very 1st fund and create 3 alternate funds the 2nd, 3rd, and 4th of its kind allowing for even more investing. It was also around this time that Fortress Investment Group with able to make a few acquisitions that really changed the game for the organization. They were able to purchase a large ski resort, Real America Florida East Coast Industries, and Penn National Gaming all of which helped the company continue to grow. And it was by the end of 2007 that it was reported that FIG and was the first hedge fund in the United States to launch an IPO.
FIG continued to acquire more companies and increase its investment vehicles starting around 2009 to 2010 their 5th fortress investment fund, named number 5, able to invest their funds internationally in many other countries across the globe. Since then FIG has gone to acquire AIG Americas general financial services and several others companies proving FIG is a force to deal with.
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