About Fortress Investment Group

Recent Acquisition by Softbank

Fortress Investment Group was recently acquired by Softbank. The Japanese portfolio investment firm acquired Fortress for $3.3 billion. The transaction was completed upon all shareholders receiving dividends based on their investments. The company’s headquarters were established in New York. Although Fortress Investment is under Softbank, the firm will operate independently. Additionally, Softbank decided to retain Wes Edens, Randal Nardone, and Peter Briger as the managing principals. Softbank acquired Fortress since it wants to expand by managing a wide range of portfolio. According to fortress employees, the acquisition is an ideal chance to grow. The initial founders stated that the acquisition was in line with the initial objectives.


Fortress Investment Group was founded in 1998 by Wes Edens, Randal Nardone, and Robert Kauffman. Wes Edens currently serves as the chairman and principal of Fortress Investment. Randal Nardone plays a crucial role in the firm since he currently serves as the Chief Executive Officer of the investment group. However, Robert Kauffman retired 15 years ago.The three founding partners have vast experience in the financial field. Before founding Fortress, they worked in notable firms in the financial field such as Goldman Sachs, BlackRock Financial Management, Lehman Brothers, and UBS.Under their leadership, Fortress Investment has recorded significant growth and development. For instance, when they started the company, they only had $400 million of assets under their management. Within five years, the firm had managed to acquire clients and managed $3.9 billion of assets. They had a breakthrough during the 2007 Initial Public Offering where the firm decided to go public becoming the most significant private equity company to go public on the New York Stock Exchange Market. They garnered numerous clients and companies, and they were now managing over $32 billion of Assets.


Fortress Investment Group is managed by a spectacular team who have vast experiences and skills in the financial world. Randal Nardone serves as the co-founder and the chief executive officer of the firm based in New York. Wes Edens is the chairman and a managing partner. Peter Briger serves as a principal based in San Francisco.The leadership of the three principals have enabled Fortress Investment register substantial growth and development.

About Fortress Investment Group

Fortress Investment is currently the leading alternative asset investment group. The firm manages over $43 billion of assets with over1,750 clients and companies. The headquarters of the firm is based in New York and employs over 900 individuals.

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