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The Success Behind Fortress Investment Group

Randal Nardone, the man behind the success of Fortress Investment Group
Randal Nardone, the man behind the success of Fortress Investment Group

For the past two decades, Fortress Investment Group has established its dominance in most of its focus areas like asset-based investments, capital markets, corporate mergers and acquisitions, operation management, and different center specific knowledge of companies. The company was founded in 1998 by three investors namely Wes Edens, Randal Nardone, and Rob Kauffman. They initially worked in notable corporations including Lehman Brothers, Black Rock Financial Investment, Goldman Sachs, and UBS; thus, they had gained considerable experience in their respective fields, and this proved to be a great asset for them and the success of Fortress Investment Group.

Fortress has grown gradually and consistently over the years and currently directs over 43 billion of assets for more than 1800 private investors in hedge funds, permanent capital vehicles, and private equity. It has been able to maneuver the market successfully and acquired considerable clients under its strategy of strong risk-adjusted returns. To ensure continued dominance, the company has made several acquisitions over the past few years; in 2006, it acquired the Canadian company called Intrawest which happens to be the biggest ski resort operator in North America. In addition to Intrawest, Fortress Investment Group acquired Florida Coast East Industries, RailAmerica, and Penn National Gaming.

Fortress Investment Group has expanded its services to international markets as noted through its relation with the Italian NPL Opportunities and other significant funds mostly in Asia; some of them include the Fortress Japan Opportunity Fund, Japan Income Fund, Japan Opportunity Fund, and Fortress Asia Macro Fund. Its addition of international funds to its portfolio has contributed immensely to its continued growth and success as an investment company. Worth mentioning, the company has incorporated into its board other noble minds such as Michael Novogratz and Peter Briger both from Goldman Sachs and this has also been a contributing factor to consistency.

After running as an independent company since its inception, Fortress Investment Group was purchased by SoftBank Group Corporation for a price of 3.3 billion dollars. The latter is a Japanese multinational company with its headquarters in Tokyo. The merger company maintained the leadership of Briger, Nardone, and Edens as principals.

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