Last year, Fortress Investment Group witnessed a lot of expansion and transition in its system. Even though it had been in the investment sector for over twenty years, it integrated with many companies in the previous years. For instance, it established prominent investment companies such as the Softbank Corporation. Since it used 3.3 billion dollars to purchase the company, it managed to establish itself well in other developments.
Thus, it initiated thrilling private equity world and real funds in the country. Through its establishment in 1998, the management at Fortress investment Group worked very hard to earn a position in society. Initially, Fortress Investment Group commenced as an assertive fund with the primary aim of investing and financing in the global investment industry. After ten years, it successfully became a first big organization to offer initial public offerings in the New York Stock Exchange. Thus, in 2007, it became enlisted among some of the prominent companies in the country to perform such a transaction.
Purchase of Softbank
In 2017, Softbank was purchased by Fortress Investment Group after conducting business for more than ten years. Hence, the management performed a lot of operations in the previous year. For instance, it managed all its global assets valued at 40 billion dollars. Besides Wes Edens, other principals such as Peter Berger and Randal Nardone helped to manage the company. Through the economic revolution, the company supported other new investment opportunities thus establishing ownership in the USA. For example, it partnered with Uber and Alibaba to promote the industry sector in the country. Moreover, through its Vision Fund, it established Qualcomm and Apple. Hence, innovative financial technologies relied on his services to perform in their activities.
Since most of the projects are usually at their incubation periods, the management develops a strategy that enables them to progress quickly. For instance, during their several stages like artificial intelligence, renewable energy, internet of things, and robotics, they involve large projects that contribute to the construction of the infrastructure. For example, they participated in a power project done in Saudi Arabia that was fruitful.