Fortress Investment Group: History and Future of a Legendary Investment Firm

Fortress Investment Group began as an investment management firm operating out of the Rockville Centre office of Centerview Partners LLC. The firm was formed from Centerview’s assets from BNP Paribas Securities Corp. and other private equity firms. The firm grew from $15 million in assets under management to over $22 billion in assets. In 2004, Fortress merged with StoneCastle Partners, one of its predecessor firms.

In 2014, the firm acquired Ridgewood Capital Partners LLC for $300 million, and then in 2016, it acquired an 80% stake in ValueAct Capital for an undisclosed amount. Fortress Investment Group operates several affiliates and partners, such as Apollo Global Management, Alyeska Investment Group, Onex Corporation, and Och-Ziff Capital Management Group, to which Fortress Investments provides advisory services and public equity strategies.

In the fiscal year ending December 31, 2016, the New York Firm had assets under management of $62.9 billion and assets under management. Fortress Investment Group (New York) offers its investors various customized equity and convertible debt fund investments and closed-end funds.

Fortress Investment Group is a firm that invests in different types of private equity investments, including buyout, buyback, turnaround, distressed, and mezzanine credit opportunities. Group’s main services include private institutional equity, real estate, hedge fund, credit, and alternative investment management. The investment firm has a network of more than 100 employees and more than 300 portfolio companies.

It employs an internal model of hybrid management structures to have a smaller management team perform day-to-day management activities. Fortress Investment Group is led by CEO and chairman Randal Nardone, who also serves as the CIO of the firm. FIG is known as one of the world’s largest and most active, handling investors in leveraged buyout transactions, offering equity and debt-investment advisory services for its private equity and credit funds, structure institutional and individual asset classes.

Over the years, the company has been in public markets, fundraising for over 50 billion dollars in investments across multiple markets. It currently manages assets valued at over $70 billion. Fortress Investments Americas Real Estate is a publicly traded Real Estate investment management company focused on U.S. real estate, listed on the NYSE.

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