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Fortress Investment Group – the pioneer asset management firm

With assets worth more than $41.4 billion on its portfolio and a payroll that supports over 915 employees, nobody would have predicted the success Fortress Investment Group has had today.

Fortress Investment Group also is known as FIG was founded back in 1998 by three founders, Randall Nardone, Wes Edens, and Rob Kauffman. FIG has grown over the years and been an industry leader in the hedge fund industry for about two decades.

Some of its milestones include being the first assets management firm to be listed in the NYSE and its acquisition by Soft Bank Group for $3.3 billion back in 2007 and 2017 respectively. Today Fortress has more than 1,750 clients with assets worth more than $43 billion.

FIG has five core areas they specialize in: capital markets, industry-specific knowledge of institutions and organizations, operations management, acquisitions and mergers and, finally, asset-based investing.

FIG leadership consists of highly experienced and knowledgeable individuals like Randall Nardone, Wes Edens, and Peter Briger. Kauffman, one of the founding members, left his role at the hedge fund firm back in 2012.

Their capable leadership has propelled Fortress Investment Group to unrivaled success over the years.

They orchestrated the acquisition of Fortress Investment Group by Soft Bank Group. This made FIG the first assets management firm to be bought, a decade after it was the first one to be listed in a stock exchange.

SoftBank acquired FIG for $3.3 billion and opted to leave the leadership at FIG intact. The acquisition ushered in a new era for FIG as SoftBank is has vested interest in IoT, AI, Internet services, intelligent robotics, clean-energy tech, and advanced telecommunications.

FIG has three main operating divisions: Permanent Capital Vehicles, Private Equity, and the Credit division. Each has its distinct functions, but they all work together towards the shared vision of Fortress Investment Group.

FIG recently unveiled an investment in iPass for its clients. iPass is a renowned global provider of connectivity options. This investment by FIG will see its clients enjoy unrestricted access to the internet across several devices.

FIG clients can have access to the global hotspots of iPass that are more than 64 million. This figure is expected to grow to a huge 340 million hotspots in 2018. The WiFi access will help FIG clients work conveniently and fast even when traveling.

The innovative potential of iPass is among the key factors FIG took into account before the partnership. FIG has received several accolades for its magnificent work in asset management.


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