Fortress Investment Group is a Global investment management firm that works with over 43 billion dollars’ worth of assets for over 1750 investors. it is Stationed in New York City and has over 900 employees. it has been and the industry for over 20 years and is a big part over the private investment bank business. the company is very successful to this day and there were some great man who created it.
Fortress Investment Group was founded by Randal Nardone. he along with his friend Wes Eden and Rob Kauffman all came together to create something very special. He majored in English and biology at the University of Connecticut and earned a law degree at Boston University School of Law Randal Nardone and his fellow Originators brought a lot of experience in financing. between them they had work for BlackRock financial management, UBS, and the Lehman Brothers. Randall 3rd and different positions within the company including at the Euro Castle investment, Florida East Coast Railway, and Newcastle investment holdings. Fortress Investment Group was one of the first alternative asset investment firms to go public.
Randall wanted to create a new type of investment firm for alternate assets with private equity. the company from the beginning Did very well they went from 400 million to 3.9 billion in assets in its first 5 years. by 2007 the assets the company held were measured to be 32.6 billion dollars. Randal Nardone took a gamble with this company as they launched their first investment vehicle in 1999. This was in New York City and its Market. to this day Randal is still involved with the company as a leader even though it has been bought out by Softbank. In 2017 it was bought for price of 3.3 billion dollars Baka Japanese multinational company. Randal Nardone was ranked on the Forbes list in 2007 as a billionaire. Fortress Three Top Executives Split $44 Million Bonuses In 2015