The Fortress Investment Group’s Investment Portfolio

The sophisticated global investment arena requires a tested partner with an extensive intellectual capital and financial resources. Fortress Investment Group was founded on a strong financial and intellectual grounding. According to Fortress Investment Group, the firm is a leading global investment manager with diversified interests spanning private equity, credit and permanent capital vehicle. The company’s cumulative Assets under Management stands at more than $43 billion today. The assets include $8.9 billion in Credit Hedge Funds, $15.1 billion in Credit Private Equity, $6.5 billion in private equity and $7.8 billion hoist in Permanent Capital Vehicles. Fortress Investment Group is committed to the creation of strong corporate governance policies and practices to ensure high levels of accountability and integrity in all its operations.

As of December 2017, Fortress Investment Group had slightly over 950 employees working in its asset management unit. The New York headquartered firm operates several affiliate offices across the world. Since its establishment in 1998, over 1700 institutional clients and private investors have placed their assets under the company’s management. These companies come from various sectors and are strewn all over the world. They include private equity, real estate, telecommunication, manufacturing and private capital investments. The 3 principal’s leading the company are Peter Briger, Wesley Edens and Randal Nardone. Mr. Briger has been a member of the Fortress Board of Directors since 2006. Before joining Fortress as Co-CEO, he served at Goldman Sachs & Co for 15 years, and learn more about Fortress Investment Group.

Mr. Edens, who serves as the company’s Co-CEO is charged with overseeing private equity and alternative investment ventures traded on the stock market. Prior to Co-Founding Fortress, Mr. Nardone served as Managing Director of UBS bank and earlier a principal of BlackRock Financial Management, Inc. In terms of business, early this year, a real estate firm owned by Jared Kushner’s family sought a loan from Fortress to fund part of its troubled development in New Jersey. According to a Bloomberg news report published In January 2018, Kushner Cos received about $60 million loan to complete a troubled two, 56 storey towers it was undertaking in New Jersey. The mixed use facility with over 1,500 residential units was pitched to a group of Chinese investors on May 2017 to much pomp and funfair.

The New Jersey Economic Development Authority filings from 2015 indicate a funding structure amounting to about $300 million. An earlier iteration of the towers anticipated $10 million in publicly funded development bonds, $124 million in debt and $71 million of equity. Kushner is a renowned figure, being the son-in-law and Chief Advisor to President Donald Trump. Fortress Investment Group also made headlines during the 2010 Winter Olympics held in Vancouver, British Columbia. According to Business Insider, the investment group owned a ski resort designated as a venue for alpine skiing events. However, Fortress demanded that event organizers pay up $90 million in backdated payments before permitting the use of the facility. Fortress bought Intrawest, the company that owns the Whistler Blackcomb resort in a leveraged buyout completed in 2006, and more information click here.

Other Reference: https://www.reuters.com/article/us-fortress-inv-glo-m-a-softbank-group/softbank-to-buy-fortress-investment-for-3-3-billion-idUSKBN15T333

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