Since its founding in 1998, the Fortress Investment Group has made quite a name for itself in the financial world. Initially it was a small but capable hedge fund, which quickly expanded into an internationally recognized financier. Eventually, it was the first fund of its kind to go public on the NYSE. However, when one looks back at the long tenure of Fortress Investment Group, it’s easy to see that 2018 was a particularly important year for the company.
After being purchased for $3.3 billion by an enormous financial conglomerate, the Softbank Group Corporation, the investment group has went on to participate in even more business ventures, with a freshened mindset and sharpened skills.
At the time of the Softbank purchase, Fortress Investment Group was overseeing over $40 billion worth of revenue, which is independently managed by principles Peter Briger, Wes Edens, and Randal Nardone. Now, that large sum of cash has been incorporated under the larger umbrella of Softbank, whose global strategy could promise eventual sums totaling far more. After all, Softbank is known for its success with information technology. Their strategies have greatly benefited the information revolution, and could serve to enable millions more people with information-sharing capabilities. Visit bizjournals.com to learn more about Fortress Investment Group.
Fortress Investment Group is on the front lines of Softbank’s tech strategies. As the first asset management group incorporated by the conglomerate, they retain their operational dependence from their new owners. Any fears of a change in strategy due to a change in ownership should therefore be assuaged. If anything, strategies have only been enabled to be that much larger.
In particular, Fortress Investment Group’s experience with real estate has influenced the mega company to begin looking into the field themselves. Softbank is considering a number of high-profile real estate projects which could both benefit the company’s finances and the areas in which those projects are developed. These include projects in Times Square and Florida’s Worth Avenue, which is one of the most high-value real estate markets in North America.
Clearly, Fortress Investment Group had an incredibly tumultuous 2018. Despite being incorporated into a larger brand, they’re the same company underneath, and will continue to approach the future with the same moxie they always have.
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