Fortress Investment Group has made a mark in the financial world ever since it was founded back in 1998. It started as an authoritative hedge fund that later on grew into a global investor and finance company. Last 2007, it became the first company with an IPO or Initial Public Offering on the New York Stock Exchange. The Fortress Investment Group has experienced its transition, growth, and expansion last 2018. The company has been known for more than two decades now because of the impact that it has made in the world of investments and finance. Last year, they were able to combine and have a partnership with SoftBank Group Corporation and it is considered as one of the world’s most notable financial conglomerates. Bought for more than 3 billion US Dollars, it will be used as a foundation for the company’s cutting edge innovations and developments in terms of private equity funds and real estate.
The Great Synergy
According to the Chief Executive Officer of SoftBank, Rajeev Misra, the primary objective of the fund is to be the biggest shareholder in the wide range of technology companies around the globe after it has invested all of the money. They want to build an ecosystem of tech companies in the globe. Rajeev Misra was a former head of strategic finance at Fortress Investment Group before being hired last 2014 by SoftBank. More than 40 billion US Dollars of global assets are managed and being integrated into the global strategies of SoftBank by Wes Edens and Randal Nardone who are based in New York, as well as Peter Briger who is based in San Francisco.
SoftBank is a company that is committed to supporting and financing. It has an ownership stake in Uber, Sprint, Alibaba, and other major stakes in the United States of America. The company is backed by notable companies such as Qualcomm and Apple which made it develop innovative technologies and are able to provide financial backing. The strategy of SoftBank and Fortress Investment Group has big projects that involve building infrastructures and developing one of the largest solar power projects in Saudi Arabia.
Source of the article : https://www.glassdoor.com/Overview/Working-at-Fortress-Investment-Group-EI_IE40847.11,36.htm