Since its start in 1998, Fortress Investment Group has had a steady growth. You will expect that to continue for several years to come. There are several reasons why that is possible. For many people however, the question is not whether this private equity firm that is based in New York will continue to shine or not. Their concern is who is behind the success of FIG. In 2007, nine years after Randal Nardone started this firm, it announced that it will feature in the New York Stock Exchange. That is exactly what Fortress Investment Group did. Although people had known this company for close to ten years, this initial public offering made the company famous. It has never looked back since then.
Today, more than two decades since Randal started this firm, hundreds of people depend on it.First, it is the 1,750 investors who have put their assets in the firm. These people are sure that no matter what, they will get back the real value of their different investment when due time comes. In a 2018 report, Fortress Investment Group said that it is controlling over $43 billion worth of investors’ assets that take up different forms. These different forms include hedge funds, permanent capital vehicles, and private equity. Thanks to a proper investment module, FIG is able to ensure investors that whatever they have placed in the company’s custody is in good care. Besides, Fortress Investment Group have an employee capacity of 900 people.
According to CEO Randal Nardone, the firm’s performance can be attributed to three main things namely the tight investment module that the firm applies. The second thing according to the firm’s founder is that although there are many departments and sectors, FIG has centered on 5 broad areas. This has helped the top management to focus on the main performance of the firm. The third most influential thing is the executive. Randal says that his other two principals have proved competent all the years. The other two are Wes Edens and Peter Briger. “These are the face of Fortress Investment Group,” says Nardone.