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A look at the meticulous growth of The Fortress Investment Group.

Published / by Logan / Leave a Comment

The Fortress investment group holds over sixty-five dollars in investments and has been listed on the New York stock exchange since 2007. During the launch of its IPO at the time it was underwritten by Goldman Sachs and Lehman Brothers. Since its listing, the Fortress Investment group has seen tremendous growth, having invested and diversified its portfolio to meet the current market at its apex. Peter Briger is the current Co-Chairman, president, principal, and Co-CEO as of 2017. This is quite the responsibility keeping in mind the number of assets under the direct management of Fortress. Peter Briger is also listed as one of the most influential business minds in the country. After graduating in ’86 with a B.A., his credentials earned him a job at Goldman Sachs, where he would work for 15 years.

This fifteen years were filled with opportunity after opportunity to grow his career culminating in him making partner. He was credited with begin part of the special group founded in 1997 that to date remains one of the most profitable and successful. He left Goldman Sachs & Co in 2002 and proceeded to Fortress investment group. The Fortress investment Group has come to be known as a specialist in asset-based investing, corporate mergers and acquisitions, operations management, sector-specific knowledge of companies and institutions and the capital markets. This portfolio is backed up by the quality of staff and talent that seats on Fortress investment board of directors as well as the entire management team. The founders Randal Nardone, Wes Edens, and Rob Kauffman had a shared vision of establishing an investment vehicle that would gradually grow assets under management in a steady manner and give shareholders a consistent return on investment.

The group was able to achieve this by growing its portfolio from the initial four hundred million when it began to around three and a half billion dollars within the first five years of its existence. This would mark the seriousness with which fortress intended to grow its portfolio and by 2007 it had grown to 32.6 billion dollars. Fortress found very niche investments too, for example the acquisition of AIG’s American General Financial Services in 2010, which would go on to become Springleaf Financial Services. The value of this acquisition gained more than twenty-seven times its value eventually hitting the 3.5 billion mark. This was a real turning point as the following year, Fortress opened headquarters in Shanghai and Singapore.