The Fortress Investment group has been around for about two decades. Since the company began they have focused on being the best asset management company, they can be. Their growth over the years has reflected this given their ability to grow from 400 million dollars in assets under management to forty plus billion dollars assets under management today. All this happened in record time having grown the initial four hundred six-fold within the first five years. By 2002 they were among the fastest growing private equity firms.
The backgrounds of the founding partners paid a huge role in this growth. All three had experience in finance and to a large extent one in the private equity business. This meant they knew exactly what they were getting into and how they would handle the company moving forward. They would proceed to open an asset management division from the word go. This division housed various subdivision that would determine the kind of investments that the company would make going forward. These investments were either in media, real estate company, Transport, and infrastructure as well as technology. The Fortress Investment Group has been able to grow its assets in all those areas a strategy adopted to ensure that their diverse portfolio would always protect the company from the eventualities of a crash in one sector.
As the Fortress Investment Group grew, they realized that they needed to start investing using available credit facilities as well as advancing credit investments. This brought the need for a credit division within the group. They had to look for the best in the area, and they knew exactly to look. This is how the Fortress Investment Group ended up with Peter Briger from Goldman Sachs. They knew the bank had some of the most influential and knowledgeable credit experts. He was tasked with bringing this division to life, and the same year he as employed he had managed to start it. The division has grown to become one of the most profitable within the organization having made investments worth a staggering 100 billion dollars.
The credit division at fortress is also tasked with vetting the creditworthiness of every client or investment they decide to take or partner with. With over 500 employees working for the division it’s easy to see why they are able to have an expert in virtually every area. This is why the group has been able to invest in some of the most recent emerging markets.
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