Posts in Category: Investment Firm

Lincolnshire Management Inc. under TJ Maloney

Frank Wright and Steven Kumble are the founders of Lincolnshire Management Inc. It has the Headquarters in New York and a branch in Chicago and runs a business of purchasing and investing in middle-market business ventures from various niches. For the past 33 years, it has acquired more than 85 enterprises dealing with manufacturing, service provision, and, distribution. The main business of Lincolnshire Management is to buy private companies, recapitalize, management buyouts, corporate divestitures, and growth equity for private and public enterprises.

TJ Maloney has been the CEO since 1998 as the third CEO of Lincolnshire Management Inc. The venture has recorded important milestones under his management. The companies acquired during TJ Maloney’s tenure include; PADI, Credential services, Prince Sports, Amports, Bankruptcy Management Solutions, Wabash, Transcraft Corporation, Holley-MSD, and Riddell Sports amongst others: this is because he has held the CEO’s position for over 20 years. Currently, Lincolnshire management has private equity investment amounting to $1.7 billion. The investment professionals of Lincolnshire Management Inc. create investment opportunities through broad networking and sharing contacts.

TJ Maloney allowed for a flexible response to unique challenges facing middle-market companies. They, therefore, have creative approaches to each problem. Thus, eliminating huddles in providing relevant resources leading to the financial success of a business.

The professionals in the Lincolnshire Management have hands-on expertise in various fields. Through them, the company can offer professional solutions to all the companies they acquire or want to be their partner, which builds confidence in the businesses they approach.

In 2019, the company has revamped its managerial team. MatthewNacier had earlier left the company but has rejoined Lincolnshire Management after his several interactions and consulting with various middle-market companies on marketing strategies. Matthew worked at Iconic holdings as US Investment Director. From August 2019, Nicolas Vega Llona will join as Senior Associate of deal execution and diligence team. Georg Stolt-Neilsen and Yashna Ginodia will join as analysts on the same team. Yashna is a recent graduate from New York University. She has experience in Due diligence at Noonmark Capital. Georg recently graduated from Georgetown University. He worked as a Summer Analyst at Anthon B. Nilsen.

Read more here https://www.bloomberg.com/profile/person/2009927

Fortress Investment Group has a Rapid Rise to the Top of the Hedge Fund Industry

There are numerous hedge fund and private equity firms in New York City, but the founders of Fortress Investment Group wanted to create a different kind of investment firm. Fortress Investment Group was founded in 1998 by Randal Nardone, Wes Edens, and Rob Kauffman. Nardone and Edens are current principals, while Kauffman retired in 2012. They started the firm with $400 million in assets under management, which quickly grew to just under $4 billion within five years. Today, the firm has over $39 billion in assets that are being managed by over 1,100 investment professionals for over 1,750 institutional and private clients. Learn more about Fortress Investment Group at Bloomberg.

The founders wanted to raise private equity capital that would be invested in cutting-edge alternative assets. In 1999, they created the Fortress Investment Fund I. This fund initially made investments in real estate but later expanded into debt securities and hedge fund investments. Over the next several years, Fortress Investment Group would create other funds that would target specific investment vehicles and investing strategies. Some of the investments included railway companies, ski resorts, and casinos.

In 2007, Fortress Investment Group became the first large-scale hedge fund to have an initial public offering and be listed on the New York Stock Exchange. Before this IPO, individual investors were not allowed to invest in hedge funds unless they met strict income and asset requirements. Fortress Investment Group’s IPO allowed individual investors to invest in a hedge fund without having to meet the income and asset requirements.

Ten years after becoming the first hedge fund to go public, Fortress Investment Group became the first hedge fund to be bought. The Japanese conglomerate SoftBank Group Corporation bought Fortress Investment Group for $3.3 billion. Fortress Investment Group continues to operate as a separate entity but has expanded its investment options to include the Asian market. The firm continues to focus its operations on credit, private equity, and capital market investments. The Fortress Investment Group’s leadership remains in place while the firm continues its focus on being a leader in alternative investments.

Connect: https://www.linkedin.com/company/fortress-investment-group

Article on the Grace Farms Foundation in Connecticut with president Sharon Prince

An article from Vice transverses the beauty and purpose of the Grace Farms Foundation place in Connecticut. The article describes the grand architecture designed by a Japanese company spanning over 80 acres of space to work with. With the facilities located in the quiet town of New Canaan, the article points to how it arrived there 3 years ago to the public.

Sharon Prince, who is the president of Grace Farms Foundation speaks about how they narrowed it down to this Japanese company, who both thought the partnership was a match made in heaven. There is a lot of freedom for people who visit Grace Farms, and Sharon Prince shares that was what it was set out to be; a safe space for people to collaborate and meet up for work or to just be one with nature. Sharon Prince and the team gave the partner free rein to make the buildings special and with their own viewpoints in mind.

The Grace Farms Foundation was assembled to be able to be open all year-round and survive any inclement or severe weather. Sharon Prince is credited in the article stating that many people but also organizations have visited Grace Farms to have some open discussions and hold important lectures on some modern day issues. Some efforts that Grace Farms are fighting against includes big problems such as human trafficking and slavery. Grace Farms is located in New Canaan, Connecticut and open Tuesday to Sunday.

For More info: www.pentagram.com/work/grace-farms/story

HGGC, LLC; Private Equity Firm

A private equity firm that specializes in add-on acquisitions, leveraged buyouts, recapitalizations, platform investments, growth equity, corporate carve-outs, public to private, mid cap private and public companies and middle market restructuring is HGGC, LLC. HGGC is a firm that looks to invest in manufacturing, financial services, industrial services, healthcare, business services, infrastructure, chemicals, software, technology sectors and information services.

Most of the HGGC investments are located in North America with considerations of global opportunities. HGGC mainly invests anywhere between $25 million and $125 million in various companies. It also looks to invest in other companies in a revenue range from more than $100 million and $1000 million.

Companies that have an EBITDA from $15 million to $75 million are also looked at for possible investments by this firm. They are also interested in investments of an enterprise value that go from $100 million to $500 million.

HGGC has a goal to take minority positions or majority positions with total rights of control. The whole title of this firm was Huntsman Gay Global Capital, LLC. It was founded back in 2007 with its base located in Palo Alto, California. The firm also has offices located in Salt Lake city, Utah, Foxborough, Massachusetts and West palm Beach, Florida.

There are several key executives of HGGC. Mr. Richard Franklin Lawson Jr. is the CEO, Chairman and Co-Founder of the firm. J. Steven Young is the President and also a Co-Founder. Robert Christopher Gay is the Executive Director & Senior Advisor as as as another Co-Founder. Lance Riley Taylor CPA is a Partner and CFO. Leslie Melvin Brown Jr., CPA is the Partner.

Recent developments of the firm include a presentation at SuperReturn US West in Century City, Los Angeles, California. Another presentation was a CFOs and COOs Form in New York City, New York. Leslie Melvin Brown, Managing Director, was the speaker. The firm had also hired six new executives to its team back in October 2018. This new hires cover the operations, financial and investment functions. The new executives will add to the firm’s talent to complete investment strategies and enable to have successful portfolio company value creation as it continues to grow.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40266198

An Overview of Fortress Investment Group

Fortress Investment Group is a private equity company that majors in a couple of activities such as buyout, recapitalization, as well as turnaround situations. The firm prioritizes in investing in financial services especially consumer finance and loan servicing, infrastructure (transportation and energy), real estate, media and telecommunication, gaming, leisure, healthcare, and senior living. Besides, Fortress also invests in power generation equipment, energy, healthcare facilities, consumer discretionary, independent power and renewable electricity procedures. The firm also considers the investments in Northern America, Western Europe, and the Caribbean for private equity. It seeks to secure corporate ownership or control in distressed situations by working together with board or directors or committee creditor of the company. See more on Wikipedia.

Fortress Investment company consider having a majority stake in companies. The firm engages in the investment of distressed and undervalued assets as well as tangible and intangible assets such as capital assets, real estate, intellectual properties, and natural resources. The firm primarily offers its services to the individuals. It engages in the investment of fixed income, equity, currency, derivatives, and commodity market all across the world. Fortress also develops and manages real estate funds, hedge funds, and private equity funds. It develops control-oriented investments in the generation of cash flow, asset-based ventures and acquire assets or even make debt investments. The firm has various investment options such as distressed real estate loan acquisitions, and investment in real estate markets. Fortress Investment Group was established in 1998. It is situated in New York City.

Fortress has undergone incredible growth and development that has impressed other ventures. One business that stood out from others is Softbank. Softbank was ready to buy Fortress Investment Group for 3.3 billion USD. This decision only makes sense for a traditional financial firm or real estate. However, it’s less clear-cut for Masayoshi Son’s tech business. The vice president, as well as the senior analyst of at Moody Investments by the name Dean Ungar, stated that the acquisition initially looked like Softbank major department purchasing an old credit-focused private equity firm.

Fortress Investment Group will run in SoftBank independent with its headquarters in New York. Randal Nardone, Wes Edens, and Peter Briger will remain as the primary principals of the firm. Softbank is aimed at maintaining the leadership, brand, business model, personnel, the process as well as the culture that have enabled Fortress to rise to such success.

Lean more: https://www.fortress.com/about

 

Fortress Investment Group’s Brightline Merges with Virgin Group

Virgin Group is one of the most recognized hospitality and travel brands in the world. Brightline, on the other hand, FIG is the first privately owned intercity passenger railroad company in America has operated in more than a hundred years. Richard Branson, a British billionaire, owns Virgin Group and Fortress Investment Group, an investment Management company from New York, owns Brightline. The two signed a trademark licensing agreement and a strategic partnership that resulted in the establishment of Virgin Trains USA. Virgin Group owns Virgin Hyperloop One, a high-speed rail, and Virgin Atlantic Airline. The company is not new in the transport industry. In May 2018, Brightline expanded its rail services in West Palm Beach, Fort Lauderdale, and Miami and plans are underway to extend the services to Southern California and Las Vegas from next year. The new company is expected to launch its operations in the United States of America starting next year after approval from, the Federal government. Find out more about Fortress Group Investment at patch.com

According to one of the founding members of Fortress Investment Group, Wes Edens, the company brought Virgin Group aboard to strengthen America’s rail system. He points out that the Brightline decided to work with Virgin Group because of its well-built trusted and respected brand in the hospitality and travel industry. Edens adds that Fortress Investment Group boasts of rich customer experience, the culture of disruption and innovation and tremendous success in its operations. He insists that the collaboration of the two companies is a promising venture.

In his remarks, Richard Branson noted that his company shook the transport markets through its successful innovative business ventures. He added that Virgin America transformed the American air travel since it provides tens of Millions of Americans who travel by air every day with excellent services.He was optimistic that the two companies would improve the travel pattern of the United States. He pointed out that Brightline is the ideal partner to roll out the new Virgin Trains USA project. Fortress Investment Group’s Brightline President Patrick Goddard noted that his company needed the Virgin Group’s wisdom to reinvent train travel in the United States of America because of the company’s track record. He was optimistic that the partnership would benefit the two companies since their combined efforts would boost their growth in the transport market.

Learn more: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=666715

 

Fortress Investment Group Transfers Ownership Rights to Japanese Firm SoftBank

Billion dollar investment firm Fortress Investment Group transferred its ownership rights to SoftBank, an investing company in Japan, in 2017. Wes Edens and Randy Nardone started Fortress in 1998 as a private equity firm managing assets and acquiring majority control of struggling companies. According to Wall Street Journal, SoftBank acquired Fortress for $3.3 billion giving the owners control of management and operations. Edens and Pete Briger hold Co-Chief Executive Officer and Co-Chairman positions, and will keep their roles as executives. Briger heads the Credit & Real Estate Business Division and serves as the President. Visit wsj.com

Briger, Edens, and Nardone are the principles of Fortress Investment Group and manages hedge funds and investment funds for qualified investors. Edens heads PE and serves as the President of PE and PE CIO. They seek companies in communications, renewable electricity procedures, consumer finance, and real estate. One day after Wall Street Journal reported the sale, Fortress’s shares increased to nearly 30 percent. For 20 years, the firm continues to be a leader in the investment management industry for credit funds and managing traditional private equity portfolios.

Most assets managed by the Fortress Investment Group is in Logan Circle Partners, a fixed income investing unit in Philadelphia, Pennsylvania. The firm acquired the managing company in 2010 and manages over $33 billion in credit and real estate assets, and private equity funds. They manage $18 billion in credit and real estate, and $7 billion in equity funds for Logan. By the end of September 2017, the firm managed $6.8 billion earning millions of dollars in revenue fees yearly.

The Fortress Investment Group team brings experience in structured deals, compliance, trading, and asset management to SoftBank. By the end of February 2017, Fortress managed seven percent of funds from investors in Asia and three percent of funding from the Middle East. SoftBank has locations in San Francisco and plans to invest $50 billion in the United States creating 50,000 jobs. Masayoshi Son, the CEO of SoftBank said he is considering investing into start-ups in the country when he visited the Trump Tower to meet with President Donald Trump.

Read more on https://patch.com/new-york/new-york-city/force-innovation-two-decades-fortress-investment-group

 

Randal Nardone: From Lawyer to Successful Businessman

Randal Nardone, a former lawyer, is one of the elite few in the world who can actually lay claim to being a self-made billionaire. The businessman, who has been listed more than once on Forbes annual list of billionaires and currently holds spot # 557, is one of the 1998 co-founding principals and current CEO of Fortress Investment Group–a leading global equity and investment management firm, boasting a portfolio that includes both private and public assets, real estate holdings, credit markets and hedge funds of almost 2,000 clients, totaling more than $46 billion.

Fortress also has the distinction of being the first large private equity firm to be listed on the New York Stock Exchange. In addition, Nardone, who got his Bachelor’s Degree from the University of Connecticut and J.D. from Boston University Law School and practiced law for many years before entering into the financial markets; also serves on several business advisory boards, where he carries various titles; including president and director. If that isn’t enough, Randal Nardone is also the acting director of Italian Real Estate Development firm, Eurocastle Investment.

Apparently, multi-tasking and laser-precision business acuity are special gifts that a rarified few like Mr. Randal Nardone possess; one, cultivated way back when he decided to leave his prestigious position as an executive partner with Thacher Proffitt and Wood Law Firm to venture into the often unforgiving and perilous waters of investment funding.Though new to the industry, Nardone proved to be a natural and quickly rose up the ranks and was soon the managing director of the Universal Bank of Sweden after stepping down as then head of Blackrock Financial Management. Shortly thereafter, in 1998, Nardone would meet the partners with whom he would co-found the immensely successfully, Fortress Investment Group—Wesley Edens and Robert Kauffman.Some twenty years later, Randal Nardone, who is based in New York; shows no signs of slowing down.

Highland Capital Management Gains Significant Yield Returns Using Below Grade Investments

Highland Capital Management is the most-prominent credit managing firm in the world. The firm uses distressed credit markets to build capital for investors. The firm currently has assets totaling $18 billion with offices in New York, Singapore and Seoul.

 

Highland Capital Management has created stable investment portfolios for investors by focusing on a strategy that uses the firm’s best resources for the allocation of investments. The firm chooses a method that will operate with less risk to investors, but provide a diverse portfolio that sustains operating capital and brings forth promising yield returns.

 

One of the advantages that Highland Capital Management has over the competition is in its reduced rate that is 30 percent lower than its competition. That starting point has allowed the firm to engage at a level with investors that brings an opportunity for gaining capital before an investment even originates.

 

Highland Capital Management operates approximately $13 billion of collaterized loan obligations (CLO), making the firm the largest investment firm to operate in that asset-class. The firm remains as the principle credit management company to purchase private equity and distressed debt in a controlled space to add sustainable value. Highland Capital Management is able to take the debt of those companies and source it in a constructive direction, which results in high yield returns for investors.

 

The firm recently generated returns of 20.69 percent with a $400 million closed-end fund through NexPoint Credit Strategies and the firm is projected to reach 18.79 percent return over the next five years. This type of top performance by Highland Capital Management is consistent with their 27 year history of high yield returns for investors.

 

With an economy that has been challenged in recent years Highland Capital Management has managed to gain a significant edge on the credit market with below investment grade debt and equities. Highland Capital Management continues to surpass their competitors by choosing markets that otherwise would not be capitalized on for growth opportunities. The firm has set the best example of what should be done in a market that remains uncertain, yet provides many possibilities for investors to grow capital.