Fortress investment group is a private equity firm that was recently acquired by Softbank Group. The top technology investment bank that is headquartered in Tokyo had been analyzing the dealings of Fortress Investment Group (FIG) as listed on the NYSE and had concluded it’s the kind of investment that they were looking for. The Fortress investment group has a long history of outperforming itself since its inception in 1998. The group was founded by three investors who were keen on tapping on the power of private equity and credit financing to start an investment vehicle that would enable them grow their assets into something substantial. When the three founders came together they had four hundred billion in assets under management.
They were, however, determined to grow this and within the first five years they had grown this to 3.3 billion dollars. This kind of growth was accompanied by a return on investment of about thirty nine percent on private equity at the time which was considered very good. This phenomenal growth by fortress investment group was backed by a team of experts who worked for them. Fortress Investment Group has all along been very keen on hiring specialist and investing in areas where they have achieved sufficient expertise which ensures that they can analyze investments and calculate its potential earnings before committing to it. The level of talent seeking was highlighted in 2002 when they brought in Peter Briger an expert in investments who had worked at Goldman Sachs for fifteen years.
Peter is an expert in debt and credit financing skills acquired both in school where he studied B.A and an MBA from Wharton School of Business and hands-on experience. He came on board joining the management team and by 2006 he had joined the board. Fortress would go on to be listed on the NYSE the following year. At this time, it had assets worth more than thirty billion under management. This meant that it made its initial shareholders quite a good amount of money. The Fortress Group has, however, returned to its former private self after shareholders approved the Softbank acquisition request. This, however, left the top leadership still managing its assets as Softbank still considers the team very capable as they have in the past led the group into uncharted success. Fortress still continues with acquisition and mergers considering the new capital injection made from the acquisition.
Their Official Website : https://www.fortress.com/