Fortress Investment Group: A Pacesetter in Investment Management
Fortress Investment Group was founded in 1998 as a publicly owned investment manager. It claims nearly $50 billion in assets under its management, real estate among them. Besides, it manages alternative assets in private equity, liquid hedge, and credit funds. The firm has offices in New York, Los Angeles, Italy, Hong Kong, Philadelphia, and Singapore.
It is headquartered in New York. Since its inception, innovation has been a critical tactic, setting it at the forefront of new finance, acquisitions, ownership, and technology strategies. The firm has over 900 employees endowed with various industry-specific expertise. Some of the significant achievements of FIG include:
1. Acquisition of majestic wines
Fortress Investment Group acquired Majestic Wines, a U.K retail giant, aiming at strengthening and repositioning it. At the time, Majestic wines were at the brink of closing all its 140 stores. Following its new ownership, the store was placed strategically and a new store opened shortly after the acquisition.
2. A luxurious destination in times tower
Fortress Investment Group committed a $2.5billion project to TSX Broadway. In collaboration with L&L Holding Company and Maefield Development, the massive project will include a luxury hotel with an outdoor arena facing Times Square. The completion of the project is expected in 2022.
3. Development of Worth Avenue
Fortress Investment Group asset managers are committed to enhancing property performance. It has sought to renovate the second floor of Tiffany’s on Palm Beach’s Worth Avenue into a luxurious condo with a private porch on the rooftop.
4. Private Rental Properties in Japan
In 2017, FIG acquired at least 100,000 apartments from the Japanese government. It refurbished and upgraded them, attracting many new residents. Currently, the occupancy has doubled and risen to about 60%.
Investment performance is the foundation of Fortress Investment Group. The group strives to generate substantial risk-adjusted returns for its investors through research and profound knowledge of the industries in which it invests. Its expertise ranges from pricing, owning, financing to overseeing financial and physical assets secured by diversified long-term cash flows. Its core competencies include a deep asset base, industry knowledge, operations management, capital markets, corporate mergers, and acquisitions to know more click here.