Every wise investor understands the value of diversity when it comes to making financial investments. A diverse portfolio is a key to successful investing, as it spreads the risk across a number of sectors.
Fortress Investment Group understands this better than anyone else does. The investment firm is run by a team of qualified and experienced professionals who utilize their diverse set of skills to ensure the firm’s success. This makes Fortress a global leader in financial investment matters.
In 1998, Wesley Edens, Rob Kauffman, and Randal Nardone came together and actionized an idea to start an investment management firm. This would solve a problem for the many individuals who lacked skills or time to manage their financial investment. The firm would manage alternative assets such as liquid hedge funds, private equity, and hedge funds.
The three realized their dream when the New York-based firm was listed on the New York bourse in 2007, making it the first private equity management firm to be traded on the stock exchange. The firm has grown to serve a clientele base comprising of over 1500 private individuals and private investors and a total asset base of $36 billion.
The private equity firm specializes in buyouts, capitalization arrangements, equity, liquid markets, and asset management. The fortress group makes investments in the financial industry, transport, energy, power generation, infrastructure, real estate, health, communication, gaming, loan servicing, and consumer finance.
The top management comprises of Randal Nardone, Wesley Edens, David Barry, Douglas Jacobs, Peter L. Briger, and Michael G. Rantz. Under their leadership, the firm obtained various top awards from an institutional investor and HFMWeek in recognition of their professionalism and charismatic approach towards investments management. This could partially be attributed to the experience the founders gained working as senior executives at globally leading financial firms such as Goldman Sachs, UBS, and BlackRock Financial Management.
The Fortress Investment Group’s management felt their firm’s value had been undermined on the public market. In a bid to become private, the firm agreed to sell its assets to SoftBank Group, which is a global technology firm looking to expand its portfolio to include investment management. Softbank Group bought Fortress for $3.3 billion. The deal saw Class A shareholders walk away with $8 per share, which is a whopping 39% above the closing price, and learn more about Fortress Investment Group.
Masayoshi Son, the SoftBank CEO, is renowned for his bold acquisition moves in an ambitious plot to become a global asset management firm. The fortress acquisition deal brings Mr. Son a step closer to his ambition. Fortress Investment Group will continue to hold its offices in New York, and it will operate independently under the SoftBank umbrella.
The acquisition deal will see SoftBank acquire an experienced pool of financial investments managers who will help the global giant structure future deals. Besides managing the financial investments for Softbank, Fortress Investment Group will double up as compliance and legal advisor. Mr. Son believes his firm can double the asset base of Fortress within the next five years; he has even hired London based advisors to help in structuring the deal, and https://www.nasdaq.com/quotes/institutional-portfolio/fortress-investment-group-llc-725821.