Fortress Investment Group Is Guided By A Very Strong And Capable Management Team
Fortress Investment Group was founded in 1998 as a private equity firm that has now become one of the world’s largest alternative asset managers. It was the first larger private equity firm to go public on the New York Stock Exchange and now manages more than $43 billion in assets. The company has more than 900 people working for it and its home-base is located in New York. The company’s main focuses include working with capital markets, operations management, corporate acquisitions and mergers, asset-based investing, and more. Fortress has has picked up a lot of experience, over the years, related to managing mergers and acquisitions and has built plenty of important relationships with executives and corporate board members.
Fortress Investment Group is guided by three principals, and these are Wes Edens, Peter Briger, and Randal Nardone. Two of these three were original founders of the company, but all of them have been with the company since 2007. Wes Edens is an expert in the financial world, but he has also been the owner of the Milwaukee Bucks who purchased the team along with Marc Lasry in 2014. He is also the owner the eSports brand, FlyQuest, which is a League of Legends team that is backed by Fortress. He has worked mainly in the Private Equity division of the company, and brings with him a high-tolerance investment angle that works to bring in profits from sectors or companies that are experiencing fluctuating times.
Fortress Investment Group is also thankful to have Peter Briger on-board. He spent over a decade and a half with Goldman, Sachs, and came on with Fortress in 2002. He is head of the company’s Credit division and is also listed on the Forbes 400. He has supported the Central Park Conservancy as a member of the Board of the Princeton University Investment Company and also actively supports Tipping Point, which is a nonprofit that works with poor San Francisco families. He studied at Princeton where he received his undergrad degree and then earned a Master’s in Business Administration while studying at Wharton School of Business at the University of Pennsylvania.
Fortress Investment Group rounds off its leadership with the very capable Randal Nardone who is a founding member of the company. He has served as the company’s Chief Executive Officer since 2013 and has been a member of the Management Committee for more than two decades. As a leader for some of the company’s subsidiaries, he has worked hard to successfully expand its many different aspects. Forbes has named Nardone of the world’s most successful billionaires, and before he came aboard with Fortress Investment Group, he worked with UBS as a managing director. He also served with BlackRock Financial Management as a Principal and teamed up with Thacher Proffitt & Wood, a law firm, in the past. He studied at the University of Connecticut where he majored in Biology and English and later attended Boston University School of Law where he earned his law degree.
The future looks bright for Fortress with a leadership team as strong as this one, and the private investment company expects to make plenty of more money for itself and the clientele it serves.