Fortress Investment Group was founded in the year 1998 over two decades ago by Randal Nardone, Rob Kaufmann, and Wes Edens. Wes Edens is a very well known entrepreneur. It is a traditional asset management firm and is the first every private equity firm of its size to go public in 2007. The primary businesses of the company are private equity management, hedge funds, mutual funds, liquid hedge funds, and credit funds. The founders of the company worked with some of the most prominent financial firms, such as Blackrock Financial Management, UBS, Goldman Sachs, and others. They decided to start their own company rather than providing their expertise to some other company. When they started the company, they never thought that they would be able to go global in a short period even they always had plans of doing so from the very start.
Fortress Investment Group went public in the year 2007, and at the time of it going public, it was the only private equity firm to go public. In 2017, the company was acquired by the leading private venture capital firm named Softbank Group from Japan for over three billion dollars. Wes Edens has been a very vital figure in the success of the company. The company recently invested in the railway track business and started the Miami to Fort Lauderdale railway track, which has been highly beneficial for the residents of the region. The railway track company is known as Brightline and is one of the most successful passenger rails in business in the United States. The founders of the company continue to help the company reach new heights of success through the innovative marketing solutions. Even after so many years, they are working hard to maintain the competitive culture within the company that has allowed them to be successful in the first place.
At the time of its launch of IPO, Goldman Sachs and Lehman Brothers took care of the large-scale financial transactions and the overall documentation of the process. After the acquisition by Softbank Group, Fortress Investment Group became private again. It is now able to use the extensive business network of Softbank Group to provide financial services worldwide. For companies that are looking for funding or financial services, consulting with the experts of the Fortress Investment Group would be helpful for you. The company not only offer their services to private investors, but also to other institutes in need of investment services. Wes Edens also co-owns an NBA team. The high success rate has allowed them to gain a good reputation in the financial industry.