Fortress investment group is a management company that was started by in 1998, and it currently has its central office in New York City. The management that is well trained to work for the company has been in the forefront when it comes to offering quality services to its clients.The Fortress investment group has offered employment to quite a large number of people in the United States of America. The number of employees was around 900 in 2014, and the number rose to 2,533 by 2016. People with private properties and have trusted Fortress Investment group to manage their wealth, and the name is close to 1500.
The founders of Fortress Investment Group, who are Randal Nardone and Wes Edens has said that the management of the company has worked for hand in hand to improve its innovation skill and risk management to ensure that the company grows into the large firm that it is right now.In 2007, the company was listed as one of the most significant and first private to participate in NYSE New York Stock Exchange. The busines has grown to be a worldwide manager of assets for private equity and also it has great knowledge of companies’ investment and also the merging of companies.In the recent past, Fortress Investment has offered loans to various institutions and health facilities that were at the edge of breaking due to bankruptcy.
This could have been the reason the company chose to only exist in three operational segments which include; Private Equity, Credit, and Permanent capital vehicles.One of the largest banks in the USA had promised to buy the venture in 2014 at the cost of 3.3 billion dollars, and at the end of the year, the bank had completed the acquisitions. Fortress Investment Group has however made losses and been a massive company that it is globally, the management has made sure that thee losses are recorded within a brief period.The success of the company has also is associated with acquiring various companies in the USA such as the Rail America Inc.