Fortress Investment Group was formed in 1998 and it has been a trendsetter since its formation. It is something that IPO highlighted in 2007, as the largest private equity that went on the public in NYSE. Today, the organization is diversified and it directs more than $43 billion worth assets which are for more than 1,750 investors in the hedge funds, permanent capital vehicles, and private equity. It has a strong strategy favoring the investors for a long period. Fortress Investment has its headquarters located in New York and it has employed more than 900 people. The organization has three principles Peter Briger based in San Francisco, Wes Edens and Randal Nardone both based in New York.
The founders of the organization were Wes Edens, Randal Nardone and Rob Kauffman who retired in 2012. The aim of creating Fortress Investment Group was to create an investment firm that can raise the private equity and then invest into cutting-edge vehicles. The assets grew quickly under their management where they were approximating $3.9 billion in the past five years and in 2007, the asses had raised into $32.6 billion. The organization was able to launch in 1999 its first investment vehicle and some of its investments in real estates were in Toronto and New York markets. Later, the organization expanded into hedge funds and debt securities.
As Wes Edens and Nardone became involved with running the company after 15 years of operation, Kauffman focused on car racing, his long life interest. He purchased Michael Waltrip Racing and also founded the RK Motors.
In the first decade of the organization exists, it was dramatic and hard-driving. Fortress Investment group had expanded into an investment fund. With the existence of Wes Edens and Nardone, they added other two key players in 2002. Michael Novogratz came as the fund manager from Goldman Sachs and led the organization to become the fast developing in the cryptocurrency sector. He left the fortress investment group in 2015.
Investment banking entirely deals with capital generation for companies and government agencies. Investment banks focus on underwriting equity and debt securities for companies and selling securities. They also facilitate broker trades, M&A, and reorganizations for institutions interested in these services. Their clients include private investors, publicly traded companies, private companies, and government agencies. Investment banks also offer advisory services on stock placement to clients. They are headed by professionals who have decades of experience in investment banking.
Most established investment banks have collaborated with larger banking corporations. Some of them are subsidiaries of large banks such as Merrill Lynch and Morgan Stanley. Investment banks also handle large and sophisticated financial transactions. These include analysis of the value of a company and structuring of deals during mergers and acquisitions. These financial institutions issue securities to clients who want to raise money. They also draft the documents required by the SEC when a company is publicly trading its shares.
Investment bankers are usually employed by investment banks to manage and plan big financial projects. These specialists also help clients in identifying the potential risks associated with a financial transaction. They are knowledgeable about the latest changes in the investment-banking sector. For an individual to start offering such services, the Financial Industry Regulation Authority (FINRA) must accredit him or her. The individual should have met the requirements for financial specialists that were drafted by the Securities and Exchange Commission (SEC).
About Martin Lustgarten
Martin Lustgarten is an American investment banker who is certified by both FINRA and SEC. He runs an investment-banking firm that is headquartered in Miami, FL. Before he founded the company, Lustgarten was keen on the emerging investment banking demands.
Lustgarten became a prominent investment banker after managing to expand his business to Austria and Venezuela. Lustgarten has worked with large investment banks and helped them in managing high-risk projects. He once served as an executive for a financial institution in Panama and helped it in facilitating several mergers and acquisitions. As an investor, Lustgarten pays attention to lucrative businesses. He manages investment risks by distributing his wealth to different countries across the globe.