The Rise of Fortress Investment Group

For the first ten years, it was hard to believe that an Investment group such as Fortress Investment Group would come to be. By 2006, the company already had managed to have four investment funds. In addition to that, it also formed additional funds such as Fortress Partners Funds, Drawbridge Global Macro Fund, and Fortress Brookdale Investment Fund. In 2002, Michael Novogratz and Peter Briger joined the company where each had different roles to play in the company. Michael was a fund manager while Peter Briger became Principle and co-chairman of the Board of directors.

Peter bridger was experienced in his work and also had connections with the Asian financial sector. Fortress Investment Group had complete faith in him that he would carry out his roles with diligence and be able to steer the company ahead. Between 2006 to 2007 the firm had managed to acquired a ski resort in North America and Intrawest Company in Canada. The company also acquired assets such as Rail America, Florida East Coast and Penn National Gaming which controlled casinos and provided venues for horse racing activities.

Michael and Peter managed to make the company grow to become a big investment company in the United States. Later on, Fortress Investment Group became the first private equity firm to go public which made it become popular and also added to the company’s profile. Going public was a bold move and a great step to the success of the company. It soon became a role model to other investment firms which followed suit.

After another ten years, some of the companies funds like Credit Opportunity funds I, Fortress MSR Opportunities Funds I and II and many others went online. To add to that, Fortress Investment Group also included international funds like Italian NPL Opportunities Fund and Asian related Funds. For the last twenty years, Fortress Investment Group has gained experience in managing mergers. Also, its board members have formed a good rapport with other important board members, management professionals, and other important stakeholders.

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November 6, 2018

Posted In: Finance Industry, Investment

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