Fortress Investment Group as the First Private Equity Firm to be Traded Publicly

Fortress Investment Group has portrayed a trait of being trendsetter since it was established in 1998 as a non-publicly traded firm. In 2007, it raised its investment capital via offering for the first time its stock to the public hence being the first private equity company to trade publicly in the Stock Exchange Market of New York City. Currently, Fortress is an international investment firm that manages assets which are more than $43 billion for investors who exceeds 1,750. It uses risk-adjusted income strategy for the benefit of its investors. Also, its headquarters are situated in New York City with a capacity of more than 900 employees.

Fortress Investment Group establishment became prosperous due to the joint effort of Wes Edens, Randal Nardone as well as Peter Briger. Fortress achieves one of its core expertise of being an asset founded Investment; it is through private equity and Debt funds. Therefore, the firm has unique knowledge in areas like managing, pricing and owning the physical and financial properties. In operations management, it has built up robust tools for taking out value directly from the complex investments that it makes. It succeeds in assessing operational, structural, and facts prevailing on the ground via proper management of its portfolios.

For more than two decades since Fortress Investment Group was established, it has natured experts who can proficiently manage the mergers and acquisitions. Also, it has experts in securing funding through equity and debt markets. Fortress has acquired much experience concerning the Financial Industry due to working and controlling portfolio firms and most of its employees especially the founders came along with skills and knowledge that they learned from their previous workstations such as Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management.

In 1999, Fortress Investment Group launched Fortress Investment Fund 1, and its first investments were via real estate in the Toronto and New York City markets, and with time it enlarged to credit securities and hedge finances. Between 1999 and 2006, it experienced an exponential growth of 40 percent in its private equity. Well, as Wes Edens and Randal Nardone continue to dedicate themselves for the firm fully, on the other hand, Rob Kauffman decides to pursue his life-long interest after serving Fortress for fifteen years. In 2002, Fortress leadership got a new boost after two key players are employed. One of the players was Peter Briger, who ensured that the firm transitioned from being single to an alternative asset manager.