Many people have talked about Fortress Investment Group especially since this private equity firm announced its IPO in 2007. While a lot has happened since then, many people still want to know who is behind then firm’s great success. Currently, the company controls property and assets worth $43 billion. This wealth is in the form of hedge funds, private equity, as well as permanent private vehicles. Fortress Investment Group currently has more than 900 employees. All these work jointly to ensure that the more than 1, 750 investors who have subscribed to FIG are satisfied that their investment is save. This is particularly important since 2007 when FIG became the first large and private equity firm to appear on the New York Stock Exchange.
Since then, Fortress Investment has never looked back. Randal Nardone, who started the firm 20 years ago has been in the forefront in ensuring that the company stands firm. Nardone, together with other two guys have been able to come up with a model that has ensured that investors’ assets in whatever form they may be are taken care of. Randal is the company’s current CEO. Before starting FIG, Nardone was working with Thacher Ptoffitt & Wood as well as BlackRock Financial Management. Peter Briger, the second principal in Fortress Investment Group joined the equity firm in 2002. He is in charge of the Credit Division. His line of duty enables him to serve investors with regard to credit as well as real estate investments.
Briger is one of the Forbes 400, a prestigious group that brings together business professionals from across the world. Prior to joining Fortress Investment Group, Peter worked with a number of different investment companies. One such a reputable company was Goldman Sachs. While at GS, Briger travelled far and wide. His mission however, centered in Asia where he was a member of different committees. Peter has a rich experience. The third principal is Wes Edens. He has a firm grip of business at his palms. In 2014, while with another business associate, Wes purchased Milwaukee Bucks, a basket ball club at a cost of $550 million. Edens also owns FlyQuest that is part of the teams that compete in North America’s League of Legends. At Fortress Investment Group, Wes handles Private Equity, one of the core divisions.