A vehicle geared towards asset management and growth – The story of Fortress Investment Group.

Making investments and growing them by up to twenty-seven times their value is exactly what Fortress Investment Group is capable of. The group in 2010 acquired AIG’s American General Financial Services this was at a time when it was facing some turbulence, but having been in the investment and asset management game for long enough the management team at Fortress understood just exactly what was needed it did not take long for it to be rebranded to Springleaf Financial Services. This was done in conjunction with other substantial changes and by the time Fortress was done with it, it was worth an astounding 3.5 billion dollars. This is the type of growth that has made Fortress Investment Group an asset management machine with assets valued at approximately 72 billion dollars.

They had reported revenue of 1.1 billion as of 2016. This level of growth has been phenomenal, having started less than twenty years ago with around four hundred million dollars. The once privately held Fortress Investment Group is today a publicly listed LLC at the NYSE traded a FIG. The group has offices in various locations most notable being its New York headquarters, its San Francisco subsidiary as well as offices that serve as headquarters too in Shanghai and Singapore. These two offices have been very crucial in its international expansion with a focus on Asian markets. Peter Briger, one of the group’s principals, has extensive knowledge of the Asian market, having worked on various committees in the region during his fifteen-year stint at Goldman Sachs just before he joined Fortress.

This ability by the group’s highest decision makers to directly relate to markets that they invest in has proved to be very crucial in making the right moves at every turn. In Asia, Japan has proved to be especially lucrative based on the various investment funds geared towards the country this includes a second and third Japan Opportunity Fund, the Fortress Japan Opportunity Fund, the Japan Income Fund and the Fortress Asia Macro Fund. Fortress Investment Group operations have been divided into three major categories, its Permanent Capital Vehicles, its Credit and its Private Equity departments. Each of these departments is led by a capable hand with its credit department being led by Briger, its Private Equity department led by Edens and Nardone who are focused on cash flow generation. The Permanent Capital Vehicles department is focused more on the groups publicly traded capital vehicles.