The organization was established by Randal Nardone. Randal is also the current principal of the company. However, he is assisted with other two principals to run the day to day business of the organization. The firm’s headquarters are in New York, the United States of America. The three principals are highly experienced as they worked with other key institutions before joining Fortress Investment Group. Their main aim was to try and create another type of investment firm. An investment that involved the use of assets. Their idea raised the private equity at Fortress Group. In the year 1999, the organization managed to launch the first investment vehicle. For over two decades now, the organization has been dramatic as it has been making significant progress. Fortress investment group is also the first private company to go public.
After Fortress Investment made a move, several other organizations followed the trend. Blackstone group went public four months after Fortress showed the way. Within a period of one year, companies like Ares management, Och-Ziff capital management group, Apollo Global Management, KKR and company and Oaktree went public. Immediately after the IPO process was over, Fortress Investment Group continued to increase their investments. Over the next one decade, the organization made the following investments online. They include Fortress investment fund 5, Fortress real Estate prospects Funds 1 and 2, the credit opportunities Funds 1 and 4, the property-based income Fund, infrastructure and the Intellectual property fund. The organization acquired the confidence to add international focused Funds to their portfolio.
This included the Italian NPL Opportunities Fund and other Funds that concentrated on countries like Japan. These Funds involved the Fortress Japan Opportunity Fund, the Japan income Fund, Fortress Asia Macro Fund and second and third Japan opportunity. In the year 2017, a decade after the company went public, Fortress was the first firm to undergo acquisition. SoftBank Group Corporation bought the organization at the cost of $3.3 billion. SoftBank is a Japanese multinational bank. Its headquarters of the company are located in Tokyo. Even after the acquisition, Fortress Investment Group continues to function as a single entity in the United States. Edens, Briger and Nardone remained as the fundamental principals of the company. The employees at Fortress investment group continued to perform their similar assignments that they used to before the acquisition. However, they had to welcome the fact that they had embarked on a new path by partnering with the Tokyo SoftBank.