The Fortress Investment Group is a type of investment management firm that has headquarters in New York City. This company was first founded in the year 1998, and it was supposed to act as a private equity firm. The founders of this company are Rob Kauffman, Wesley Edens, and Randal Nardone. During the time that Fortress had launched on the NYSE during the 2007 year it was one of the first giant private equity firms within the US to have been traded publicly. Since the 2016 year the firm has managed around $70.2 billion alternative assets.
Fortress Investment Group Core Competencies
Asset-Based: The Fortress Investment Group specializes in asset-based investing, and they have a lot of experience with handling a diverse set of asset types.
Industry Knowledge: Of course, with the company being a part of the industry that it is a part of, it should come as no surprise that this company has a deep knowledge of the industries that the company invests in.
Operations Management: This company comes with their own set of tools that helps them in assessing structural, operational, and strategic challenges.
Corporate Mergers and Acquisitions: This company also comes equipped with years of experience dealing with corporate mergers and acquisitions that help them to work alongside stakeholders, corporate boards of directors, and management.
Leadership Team & Experience
The Fortress Investment Group is committed to keeping up with strong corporate governance policies as well as practices. The Board of Directors has policies and procedures that they put into action along with a framework that is meant for establishing the upper level of business accountability as well as integrity.
Peter Briger: Briger is the Principal and Co-Chief Executive Officer for the company. He has been a member of the Board of Directors for more than a decade now. He received a B.A. out of the Princeton University as well as an M.B.A. out of the Wharton School of Business. Also, he has been a member of Management Committee for the company since the 2002 year.
Wesley Edens: Wesley Edens is the Co-Founder, CEO, and Principle of the company. As the Co-Chief Executive Officer of the company Edens has held a position with the Board of Directors since the 2006 year. Also, he has held a position with the Management Committee of the company since the 1998 year. Mr. Dens received his B.S. out of the Oregon State University.
Randal Nardone: Randal Nardone is the Co-Founder and Principal of the company. He has held a position with the Board of Directors for the company ever since the 2006 year. Between the 2011 year and 2013 year Mr. Nardone worked as the interim Chief Executive Officer, then he started working as the CEO in 2013. Also, he has held a position with the Management Committee ever since the year 1998.
Before having co-founded the Investment Fortress Group in the 1998 year Mr. Nardone had been a managing director of UBS. Prior to that he had been a principal of the BlackRock Financial Management company, and a partner/member of the executive committee with the law firm of Thacher Proffitt & Wood before that.
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