Fortress Investment Group has been a trendsetter ever since it was established in 1998. The company was founded by Randal Nardone, Wes Edens, and Peter Briger, who are entrepreneurs based in New York and San Francisco, respectively. The company is one of the largest private equity firms to be offered as an IPO, and it went public as it debuted at the New York Stock Exchange. More than 8% of the company was sold to the public, at a value of around $600 million. The company changed drastically as they enter their 20th year of operations. The company transformed to become a diversified investment and management firm that operates on a global scale. Besides, the company also has $43 billion worth of assets coming from hedge funds, private equities, and permanent capital vehicles. The company focuses on investing in the long-term, and they promise their clients and customers that they will experience a high return after several years. More than 900 people are working for the company today, which is headquartered in New York City.
Before the establishment of the Fortress Investment Group in 1998, the principal founders have always thought how they can earn money using what they have learned from their experiences in the financial sector. They felt that investing in a financial management firm is the best thing that they can do since it would give them high returns. They were surprised because of how fast their business experienced growth, and in just a matter of years, the Fortress Investment Group is considered as one of the largest private equity firms in the country. It was a victory for Randal Nardone, Wes Edens, and Peter Briger, who have sacrificed so much to establish the Fortress Investment Group.
The company has also shown that they could stand out even the most vicious economic disruptions on the planet. The company managed to get through the recession which hit the United States from 2008 to 2009, and the Fortress Investment Group came back stronger than ever. The company relies on the partnerships that they made through the years, and the founders of the company believe that their clients and customers must be given an incentive now and then. Their positive reputation stems from how they are treating their customers, and for Randal Nardone, Wes Edens, and Peter Briger, they will continue to serve the public with the promise of success.
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