In the two decades that Fortress Investment Group, a New York-based investment management firm, has been in the market, it has made a lot of achievements. It has grown from a start-up to having more than $40 billion in assets under its watch. In 2007, it went public at the NYSE and made history as the first private equity firm turned investment management firm to do so. Recently, Fortress took the business world by a storm after announcing that SoftBank was purchasing it. Learn more about the organization of Fortress at crunchbase.com
Better Days Ahead
The management of this investment banking firm made it clear that it would run its operations independently even after the acquisition by SoftBank. In addition to this, the purchase is an indication of better days ahead for the firm. Wes Edens, a co-founder and principal at Fortress Investment Group, pointed out that this deal marked a new chapter in the growth of the firm.
He went on to state they were looking forward to working with both SoftBank, other companies under it, and its partners to realize their goals. Edens mentioned that this acquisition also gave the investment management firm the financial muscle to go after big goals.
Going For the High-End Real Estate Market
Wes revealed that Fortress would be going for the high-end real estate market now that it has the financial muscle to do so. This is because this section of the real estate market offers a lot of opportunities to the company. Fortress Investment Group is already making moves in this space as it has already acquired the TSX Broadway development valued at $2.5 billion. On top of this, the firm bought the Tiffany & Co. Building, which has a floor space of 16,374-square-feet. Fortress plans to turn these spaces into high-end real estate offerings.
About Fortress Investment Group
As one of the most notable investment management firms in the market, Fortress Investment Group is committed to the success of its clients. It currently enjoys a client base of over 1800 institutional and private investors. This company focuses on providing expert investment advice to its clients to help them grow their wealth. Besides this, Fortress provides its clients with corporate mergers and acquisitions advice to further their success.