Fortress Investment Group – Growing by leaps and bounds

Fortress Investment Group was started in 1998 in New York, as a private equity firm with the goal of helping clients achieve maximum benefit in their asset and financial investments. After more than 20 years of continued success, the firm is now recognized as a leader in the financial industry employing more than 900 service professionals with varied skill set. The group is also very well known for its expertise of successfully executing acquisitions and merger projects.

Today, Fortress Investment Group manages assets worth $41.5 billion for a large number of clients across the globe. 2019 in particular, was a very happening year with significant growth through acquisitions and strategic investments by funds managed by Fortress. They acquired 100% equity in Vannin Capital, a litigation financier having business across the globe. Another excellent opportunity that Fortress invested in through their partners, was to convert the second floor of Tiffany’s Palm Beach location to house a luxurious condominium, retail outlets and a private terrace, giving it a self-sufficient village type of atmosphere. Another investment in real estate was the unprecedented project in New York’s Time Square to build a multi-use space with a luxury hotel, outdoor performance area, retail stores and other structures for a budget of $2.5 billion. Another area of investment that Fortress Investment Group ventured into is, building a high-speed electric train connecting Las Vegas to Southern California. This proposal is being initiated by Brightline USA a subsidiary of Fortress Investment Group. This $4.8 billion project could get approvals and begin in 2020 and take about three years to finish.

Fortress Investment Group also made a splash in the News industry when it coordinated the merger of New Media and Gannett Co., Inc., into a leading digital news and print media company in the US that is currently trading on the New York Stock Exchange. Another investment that Fortress is proud of is the acquisition of Majestic Wines, a retail specialist that was on the brink of shutting down 140 of its stores. With the funds infused by its new owner Fortress, Majestic is shortly opening a new store. Read: https://therealdeal.com/new-research/topics/company/fortress-investment-group/