Fortress Investment Group is a revered private equity firm that has been gracing the headlines courtesy of the numerous achievements within the organization. The company’s success rate also led to its acquisition by the SoftBank Group Corporation. The purchase was worth $3.3 billion. After the purchase, the firm has been able to diversify by indulging in both private equity funds and real estate. As from 1998, Fortress has been striving to carve a positive portfolio for themselves as a revered private equity firm. The company has also gone global, courtesy of good leadership from the likes of Wes Edens, Peter Briger, and Randal Nardone.
The excellent leadership has also led to the enrollment on the private equity firm at the New York Stock Exchange. Engaging in an IPO (Initial Public Offering) in 2007 was a huge move for the private equity firm. In 2017, SoftBank expressed their interest in purchasing Fortress Investment Group. The firm has benefited greatly from the global strategies that are in use by SoftBank. Over the years, SoftBank has also been able to acquire a stake in corporations such as Uber and Alibaba. The Vision Fund has also received support from renowned companies such as Qualcomm and Apple. The fund is meant to ensure that there is financial backing that will be used in regards to innovative technologies.
Most of these technologies are often in the incubation stage, and they revolve around robotics and artificial intelligence. The organization’s strategy also involves taking part in large scale projects that are infrastructure based. Some of these projects are such as developing solar power projects in areas such as Saudi Arabia. The head of strategic finance at Fortress Investment Group was also hired by SoftBank to manage the Vision Fund. The track record of Fortress Investment Group is exemplary since they have a capable leadership team and they have broad-based expertise. According to Masayoshi Son, the founder, and chief executive officer of SoftBank, this acquisition will come in handy. SoftBank will be able to expound on its capabilities while also gaining profoundly from the leadership at the Fortress Investment Group.