Fortress Investment Group LLC is a financial services firm based in New York City. It has a number of other office locations throughout the world. The firm was founded in 1998 and has served as a reputable firm that helps institutional investors manage their capital. As of December of 2017, the firm manages over $43 billion worth of assets. As well as managing a very large sum of assets, Fortress Investment Group also serves 1750 clients that include institutions and private investors throughout the world. The main asset the firm specializes in managing are real estate, credit, private equity and helping investors devise effective capital investment strategies. As part of its mission, Fortress Investment Group strives to maximize investment performance for its clients by generating profitable risk adjusted returns on a consistent basis. The firm also has over 900 employees to help serve clients all over the world.
One of the things that make Fortress Investment Group a highly reputable firm is its core competencies. The first competency that this firm is known for is specializing in asset based securities such as private equity funds and credit funds. It also has a lot of specific industry knowledge where the firm can find investment options in specific industries and advise clients what to invest their capital in. Fortress is also known for operations management where it uses tools to assess operational and strategic issues and manage investments that are complex. Clients can also count on Fortress Investment Group to help with corporate mergers and acquisitions along with capital markets. The leadership of Fortress Investment Group consists of a management committee. This includes three distinct individuals who are also known as the firm’s principles. Peter Briger is the Principal and Co Chief Executive Officer who is based in the firm’s San Francisco office. He has been a member of the board of directors since November of 2006 and a member of the management committee since 2002.
As the principal and co chief executive officer, Briger is responsible for overseeing the credit business of the firm.Wesley Edens is the co founder and co chief executive officer of the firm. Like Peter Briger, he has been part of the board of directors since November of 2006. Edens has served as part of the management committee since the year 1998. At the firm, Wesley is in charge of managing the private equity and publicly traded alternative investment department. He is a graduate of Oregon State University.Randal Nardone is the co founder and principal of the firm and is based in its headquarters in New York City. Along with being the principal and co founder of the firm, he also serves on the board of directors. Nardone has held this position since the late fall of 2006 and has been part of the firm’s management committee since 1998 when the firm was first founded. From 2011 to 2013, he was the interim chief executive officer and attained this position full time in August of 2013.