Employs over nine hundred employees, with over 1750 shareholders and manages more than seventy billion in diversified assets. This is just a tip of what makes Fortress investment group one of the most recognizable asset management firms. When it began in 1998 it three initial founders with their humble beginnings of 400 million may never have seen this level of growth happening, but they had the drive, passion and skills to grow a private equity firm. Fortress today is considered a trendsetter in the industry, having pioneered in various aspects beginning with its IPO in 2007 when at the time it became the first large-scale private equity firm to be listed on the New York Stock Exchange. This was a culmination of a number of events beginning with that of hiring Peter Briger the current CO-CEO.
Peter was brought in from Goldman Sachs, where he was a partner and he was able to make significant impressions within the first few years. He had been elected to the board by 2006 helping lead the IPO listing. This would be followed by the election to positions of Co-Chairman of the board the following year and later on Co-CEO. The Fortress Investment Group is divided into various strong, but independent departments that include the Credit and Real Estate Business that peter Briger also heads. The fortress investment group has been able to focus its energies on asset-based investing, which entails the acquisition of assets that are capable of generating revenue streams. Operations management which entails managing organizations for others corporate mergers and acquisitions as well as the capital markets.
The group also focuses on sector-specific knowledge of companies and institutions which have helped it narrow down to some very niche areas such as their investments in ski resorts and passenger railroads. The Wes Edens’ Private Trains which are part of Brightline’s ambitious expansion into passenger railroads recently started offering services in Miami cutting travelling time to just thirty minutes from the previous 2 hours at rush hour. Today they offer services from seven in the morning with the last train departing at 11.00 pm.The Fortress Investment Group has been largely an asset-based investment firm which has been fueled by private equity and credit funds. This, however, was recently boosted by its acquisition by Softbank, one of the largest investment banks in Tokyo, which was keen on capturing Fortress group’s assets in a deal worth 3.3 billion dollars.