A Look At Some Of The Successes At Fortress Investment Group Over The Past Two Decades

Fortress Investment Group is an alternative asset management firm that was established twenty years ago. It has over 1,570 clients and has more than $43 billion in assets under management. It is based in New York City and has offices throughout the world, employing more than 900 people. There are three principals of this firm who are Randal Nardone and Wes Edens, based in New York, and Bay Area-based Peter Briger.They invest in several types of assets. Their asset-based investments are made of capital, real estate, and other financial vehicles which bring in steady long-term cash flow. They have managed mergers and acquisitions since Fortress Investment Group was first created. They also have a portfolio of companies they own and manage around the world.

When Fortress Investment Group was founded they had $400 million in assets to manage. Within five years they were managing about $3.9 billion in assets. Once they were in business for a decade they were managing $32.6 billion in assets. They launched their first mutual fund in 1999. This was Fortress Investment Fund I. Since that time they have expanded into hedge fund and debt securities among other alternative assets. Fortress Investment Group also now offer Fortress Investment Fund I, II, III, and IV. They also offer a number of other mutual funds like the Fortress Brookdale Investment Fund.

In recent years they have also expanded into offering privately managed train service in the United States with this aspect of the business managed by Wes Edens. This business is called Brightline and their first trains are running on the Smart Service in southern Florida. Interstate 95 in that region averages speeds of just 34 mph. The Brightline trains run at 80 mph and so ofter much faster travel times between Miami and Fort Lauderdale.Wes Edens says that Brightline is looking to expand into other parts of the nation where freeways are very congested. He has looked into getting Brightline into Texas between Houston and Dallas. He is also exploring getting a train running between St. Louis and Chicago among other areas.

Source of the article : https://en.wikipedia.org/wiki/Fortress_Investment_Group