Fortress Investment Group Success from an Idea

One of the most successful investment companies is Fortress Investment Group which was formed with the goal of creating private equity funds. In addition to that, the company has been involved in cutting-edge vehicle investments. The company was founded by a competent team which worked tirelessly to put the company in its current position and status. The company was founded twenty years ago in New York by Randal Nardon who is the current CEO of the company and the co-founders were R.Edens and L. Briger. The three had worked in other, therefore, were experienced and had skills in business management.

Fortress Investment Group headquarters are located in 1345 Avenue of America’s New York City in the United States. On February 9th, 2007, the firm was launched on NYSE where it was credited as the first huge private equity firm in the U.S to go public in terms of trade. On the same year, the net income of the company rose to $32.9 million and by 2016, the company was earning a revenue of $1.1 billion with its net income rated to approximately $180 million. Fortress Investment Group has also created a lot of job opportunities for people where it has employed 2533 workers who depend on the salary they get from the company for their survival. In the previous years, the company was involved in businesses like real estates, traditional investments, hedge funds, and debt securities but it grew and private equity funds increased a tremendous rate by 2006.

When Nardon and Edens were engaged in the affairs of the company, Kaufman who is also a co-founder in the company had a dream in car racing. He decided to venture in car racing business where he invested 50% of the company’s stake in Michael Waltrip Racing. It became a success and soon he launched RK motors Charlotte and he is also an owner of Ganassi Racing. Fortress Investment Group was currently rated to have an estimated worth of $43 billion of assets. These assets include private equity investors, permanent capital vehicles and hedge funds. Fortress Investment Group also supports 900 workers who live in New York. Fortress Investment Group Focuses On Open-End Asset Funds