Fortress Investment Group, founded as a private equity firm in 1998, is one of the leading, most highly diversified global investment managers today. They pride themselves on generating strong risk adjusted returns over a long term course for their investors. Fortress Investment Group currently works on behalf of over 1,750 institutional clients and private investors worldwide. As of December of 2017, the company employed 953 asset management employees which included 216 investment professionals. Headquartered in New York, Fortress Investment Group has affiliated offices located around the globe. Fortress has a deep knowledge in regards to the industries in which they invest.
Their experience with corporate mergers and acquisitions allows them to work alongside the board of directors, management and stakeholders to assist in determining the optimal structuring and execution of the investment.In December of 2017, Softbank announced the completion of their acquisition of Fortress Investment Group to the tune of $3.3 billion in cash. Fortress will continue to operate within Softbank as an independent business headquartered out of New York.Softbank believes gaining the financial expertise from Fortress Investment Group could theoretically boost their massive $100 billion technology investment fund and states that this deal will assist the Japanese company expand its capabilities and accelerate their transformation strategy of bold, disciplined, investment with world class execution to substain long term growth.
Fortress will continue to be lead by its leaders, Pete Briger, Wes Edens, and Randy Nardone, who hold over 20 years combined experience.In May of 2018 ,Fortress Investment Group purchased a SuperValu distribution center located in Pompano Beach, Florida as part of a $483 million national portfolio deal.The 769,000 square foot facility was purchased for $66.4 million and records show the deal was financed by Royal Bank of Canada and carried a mortgage of $68.41 million.
Read full article : https://www.fortress.com/