Effective Operations Management Boosts Fortress Investment Group
Asked to name the leading international investment managers, Fortress Investment Group would appear on top of any honest person’s list. This investment firm was started as a private equity firm in 1998. Later on, Fortress grew into an alternative asset strategy firm after diversifying its investment strategies to manage hedge funds, credit funds, and permanent capital vehicles. The leadership at Fortress is also a success pillar for the organization, under its three competent principals; Randal Nardone, Wes Edens, and Peter Briger.The operations of Fortress Investment Group are currently categorized into three distinct segments namely; permanent capital vehicles, private equity, and credit sections. The first one to be launched was the private equity division. This was the one formed during the foundation or the company with the aim of generating cash flow from control-oriented investments in North America, Western Europe, and the Caribbean. The operations of this segment are grounded on the experience of Fortress’ personnel who have extensive experience in asset management from all the specific economic sectors.
The second division is the credit segment. This was launched later in 2002 after the arrival of Peter Briger at Fortress Investment Group, and he still leads the division to date. It consists of Fortress Japan Opportunity Funds, Fortress Credit Opportunities Funds, Fortress Real Estate Opportunities Funds, Drawbridge Special Opportunities Funds, Fortress Secured Lending Fund, Drawbridge Long Dated Value Funds, and the Drawbridge Real Assets Funds. The investments in this division have a global nature and are more concentrated on undervalued assets, illiquid credit investments and distressed assets. Alongside Briger is Dean Dakolias, who also leads the division after joining Fortress in 2001. The third division is permanent capital vehicle segment. It mainly focuses on management of permanent investment vehicles that are traded publicly. They include New Senior Investment Group, Fortress Transportation and Infrastructure Investors LLC, Eurocastle Investment Limited, the New Media Investment Group and New Residential Investment Corp. The main focus of these entities is on transportation infrastructure, local media assets, residential real estate, and senior housing in the United States.
Fortress is currently proud of having employed more than 1,100 members of staff who help the company run its operations globally. Out of the large number of personnel at Fortress, over 200 are investment professionals who have vast and specialized skills to manage investments from all the sectors of the economy. Fortress Investment group manages investments for over 1750 clients who are both individual and institutional investors from all over the world.