The Growth of Fortress Investment Group

The Growth of Fortress Investment Group

Fortress Investment Group is one of the largest investment management companies in the United States. The company has its headquarters in New York and other offices in several parts of the world. The investment group was founded by three businessmen from the United States who came together to start the biggest investment firm in the country. The company decided to sell its shares to the public in the year 2007. Although the company started by managing  private equity firms, by the year 2016 it had grown and it managed various assets worth $70.2 billion.

The Growth of Fortress Investment Group

After being started by Wesley Edens who was working at BlackRock Financial Management, Rob Kauffman and Randal Nardone who was also the managing director of USB; it grew and expanded after a short period it started managing investments that were related to real estate investments, hedge funds and it started offering debts securities. All these other investments that were later invested into by the company were managed by Michael Novogratz and Pete Briger.Since 2010, Fortress Investment Group has been able to assist several companies who were on its way to bankruptcy. One of the companies that have been boosted by the Fortress includes Thermos which was a startup company dealing with medicine then.

The Thermos Company was given a loan of $100 Million by Fortress Investment that enabled the company to solve their financial problem throughout the following year.At the beginning of this year the investment group also secretly started placing bids on personal passenger rail line that operated in Florida. However, the rail line later dissolved into the Florida East Coast Railway but it inspired other investors to push for the birth of Brightline which is the only private passenger train in the United States.The Fortress Investment Group has also acquired numerous companies which include Canadian ski resort, Rail America Inc and Florida East Coast Industries amongst other companies. All these companies acquired by the investment group have been renovated and their markets have been expanded using business strategies from Fortress group’s experienced workers.