What makes Fortress Investment Group a leader in asset management?
Softbank, one of Japan’s biggest banks recently acquired the Fortress Investment Group. The deal closed in 2018 after the group’s shareholders approved a deal worth 3.3 billion dollars. The deal would mark the return of the group to private hands after it listed on the NYSE in 2007 under the capable hands of the Current Co-CEO Peter Briger. He was at the time a member of the firm’s board of directors having joined them in 2002. The Fortress Investment Group had listed on the Stock exchange at a time when it was managing assets worth around 30 billion dollars which were split out in various industries.
The group has experts spanning almost every industry who help the management time analysis, investment opportunities and help them make informed investment decisions that ensures the group remains profitable. The asset under management by the time of Softbank’s acquisitions were around forty-two billion dollars. Fortress Investment Group today manages long-term investment vehicles that include five publicly listed firms. One of their flagship permanent investment vehicles is Brightline which falls under the transportation investment division. Brightline is a Florida based firm that invests in the private rail business. Brightline has various within Florida and runs its passenger trains on various routes in Miami where it has helped the people of the town cut down on commute times by up to two hours during rush hour.
This diverse portfolio was one of the main reasons why Softbank had a keen interest in the group’s operation. Softbank based on its earlier investments understood the need for diversity in private equity portfolios as it prevents the sudden collapse of a firm’s value in case something happens to the one area that they had invested their entire capital. The fortress investment recently acquired the largest ski establishment in the world based in Canada. This investment was in line with their earlier entry into the gaming world which included a holding company that owns a number of Casinos as well as horse racing fields. As the Fortress investment Group returns to private hands its now up to the team of Peter Briger and his colleagues to help it achieve more success.