The year 2018 marks the 20th founding anniversary of the Fortress Investment Group, a large private equity company headquartered in New York City. The company was founded by Wes Edens, Randal Nardone, and Rob Kauffman, and they are currently serving top executive positions for the company. In the United States, the existence of private equity firms is important because they provide startups and big businesses with financial assistance. They are also helping the business owners succeed, by providing them with reliable strategies on how to succeed in the industry. Aside from the services that the Fortress Investment Group provide, they are also known for managing assets coming from investors and important business clients, and they are doing their best to make it grow and earn through commission and other fees.
Because of the business reputation that they built through the years, the company became one of the top destinations for clients who wanted to invest their assets for positive growth.After the company was founded in 1998, the founders had a difficult start, because they couldn’t find someone who is willing to invest in their company. However, they never surrendered easily, and started to encourage investors and persuaded them to invest. The company started to gain additional assets until they reached the billion dollar mark. In 2007, the founders of the company decided to introduce the Fortress Investment Group in the stock market. They were able to sell $600 million worth of stocks and shares, and it also increased the company’s market value.
Because of the strategies developed by the founders of company, they were able to get through the periods of global recession, and they were awarded for the techniques that they developed to help them get through the economic recession.Today, the Fortress Investment Group manages assets worth more than $70 billion, and they are also helping other organizations which are looking for potential funding partners. In 2010, they helped the Olympic committee in Vancouver by funding the Olympic Village, and after the competition, the properties were handed to them. In 2015, the company was bought by a Japanese Conglomerate – the Softbank Group – for a reported amount of $3 billion.