Fortress Investment Group was established in the year 1998 by Randal Nardone, Wes Edens, and Rob Kauffman. Fortress Investment Group discovers the hard work of Peter Briger since entering this organization. He sees many opportunities to benefit from distressed assets and finance in particular. He had experience of more than 15 years working with different organizations. He has experience in the field of finance, and this makes his sector succeed as well improve. Its offices now manage over $ 70 billion. He heads the credit division and serves as the president as well chairman of the board of directors in the organization. FIG, based in New York was discovered as the first large-scale private equity company to attain the position of being a public organization in the region.
Peter Briger holds a B.A from the University of Princeton and an M.B.A from Pennsylvania University in business. He oversees his division aiming the company to become a real estate business. Peter Briger also acts as a member of Forbes 400, a list of top business professionals across the world. Also, he is a member of BOM in Princeton University Company as well Caliber Schools. Also, he is a crucial person in the financing of the Central Park Conservancy and non-profit Tripping Point. His funding in the two organizations is an act of charity and not for financial benefits. The investments of the Credit are global which has assets are readily convertible to cash. He had over 15years working experience in Goldman and Sachs. He has been registering success since the time he left Goldman for Fortress Investment Group.
The divisions of FIG are Credit ended by Briger, Private Equity as well as Permanent Capital Vehicles divisions. Briger helped to raise capital for a new fund that which were formed by the organization. He heads the real estate of the organization as well as the divisions dealing with funds and liquid assets. Peter Briger also showed interest in Bitcoin in the year 2013. He invited several other financiers to a congregation in a room owned by Fortress. Among the entrepreneurs were Argentinian, Wences, and Casares. It aimed at creating a business that will ease the transfer of those people who were moving large amounts of money between banks over many countries.
Fortress Investment Group was sold to SoftBank Group Corp in December 2017 for $3.3 billion and the company will continue to be led by Randall Nardone as well as Wes Edens and Peter Briger to provide strategic leadership and stabilized guidance for the extremely successful alternative asset investment firm. SoftBank Group is a global investor in cutting-edge technology advancements such as robotics, telecommunications and various other computerized technologies that are allowing the world to advance into an information revolution in technology. SoftBank Group purchased Fortress Investment Group as one of many alternative investment companies they sought to add to their portfolio to provide strategic advantages that can be unleashed on their highly competitive competition.Fortress Investment Group was founded in 1998 and has continued to provide high-level returns on investment for its various institutional and individual clients that total more than 1750.
Randall Nardone has been a part of the Fortress success story from the very inception of the company where he was one of the five founding members. Randall Nardone currently serves the company as Chief Executive Officer and provides valuable legal, financial, management and strategic investment experience to continue the process of expanding the company investment portfolio throughout various geographical and regional alternative asset investment opportunities. Randall Nardone was educated at the University of Connecticut where he received his Bachelor of Arts degree in Biology and English. With his eyes on a law degree, he continues his education at Boston University School of Law where he received his Juris Degree and quickly transitions his college career into his distinguished professional career at Thacher Proffitt and Wood Law Firm.
After a successful run at Thacher Proffitt and Wood, Randall Nardone recognized his value through his evaluations of various lucrative asset investments in private equity, management, credit, and finance. He solidified his career direction by joining a well-established investment firm called BlackRock Financial Management. At BlackRock, he served as a principal within the company and continues to grow his personal and professional portfolio to become renowned for his skill set of legal and financial evaluation techniques. Randall ended his career at Black Rock and transitions to UBS where he provided excellent guidance and leadership for one year before he decided to found Fortress Investment Group with Wes Edens, Rob Kauffman, Peter Briger and Michael Edwards in 1998. Over the years, Randall Nardone has provided exceptional leadership and strategic guidance for Fortress Investment Group and has been one of the reasons why the company has been so successful and also he received an exceptional cash windfall for his efforts during the $3.3 billion sale.