Fortress Investment Group LLC is an investment company that started its operations in 1998. It has its headquarters based in New York and is committed to ensuring excellent investment performance to the investors on a long-term basis. Moreover, it is involved in raising, investing and managing assets. It is mostly involved in the management of diverse assets such as credit and real estate, private equity, and permanent capital investment policies. Fortress Investment Group is known to serve both institutional-based clients and private investors all around the world. Fortress Investment Group relies on a number of 501 to 1000 employees to run its daily operations. Human resources are distributed in the headquarters and other worldwide affiliate offices for effective execution of the company’s goals and objectives. The institution also takes pride in an extensive performance experience as well as skilled experts in asset management and financing. As of 31st December 2018, the firm had about $43.6 Billion worth of assets under its management. All these were from 1,750 institutional and individual clients from its pool.
The 2017 significant success lies on a committed team of 953 employees tasked with asset management and 216 experts in the investment sector.Notably, Fortress Investment Group has a wide-range of key competencies that act as a cornerstone for its activities. It primarily focuses on asset-based financing in private equity and credit funds. Also, the company thrives on a rich knowledge base of the investment industry it serves and industry experts that are efficient in its operations at companies, institutions, and individual levels. Additionally, Fortress has effective tools for analyzing operational, structural and strategic issues in the management of its operations. Fortress has an immense experience in mergers and acquisitions that give it a competitive advantage in dealing with corporate board members, managers, and stakeholders of various companies in designing investment plans. To top it up, Fortress has a strong background in capital markets. As such, it can easily secure low-cost and less-risky investment options through an analysis of debt and equity capital markets.
Nevertheless, SoftBank Group Corporation has recently announced the successful acquisition of the Fortress Investment Group LLC. According to the final transaction between the two entities, SoftBank Group and its subsidiary owners are the end owners of all the Fortress’s outstanding shares. The close of the deal was reached after all conditions agreed upon were met. The Fortress shareholders also approved the transaction following the presentation of the necessary approval regulations. After the acquisition, the outstanding Fortress Class A shares were converted each to receive an equivalent amount of $8.08. Consequently, the Fortress common stock will no longer trade; hence will exit the New York Stock Exchange list. However, Fortress Investment Group financial results will face consolidation and thereby reflect on the SoftBank’s final financial statements effective from the acquisition date. The SoftBank Group will give an overview of the necessary impacts of the consolidation.However, Fortress will proceed with its business operations as an independent corporation under SoftBank. Its headquarters will be in New York. The Fortress able leaders Pete Briger, Wes Edens, Randy Nardone will still head Fortress to the next level.