The New York Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. Over the years, Fortress has acquired several private equity firms: Airborne Capital, Airwave Capital, Golden Gate Capital, and LBO Advisory Group. Fortress’s other notable investments include Electronic Data Systems, Onyx Software, Bristol-Myers Squibb Company, and Burger King.
The company’s principal operating subsidiary is Fortress Investment Group, an investment management company incorporated in the U.S. and domiciled in Bermuda. FIG is an alternative asset manager in the private markets and manages a variety of investment funds, including hedge funds.
In addition to its asset management business, Fortress Group LLC also manages an asset management business for clients in the principal investments area and manages certain fee-related accounts. Clients may invest in private funds sponsored or co-sponsored by Fortress Investment Group LLC. The investment objective of such account(s) is to generate current income and capital appreciation primarily through investments in lower middle-market companies and private equity-related securities.
Fortress Investment Group offers expertise in private equity, debt, and fixed income strategies. The firm offers non-exclusive investment management for institutional clients, such as foundations and endowments, pensions, and insurance companies. FIG has spent over 15 years working with endowments and foundations, foundations, and insurance companies to maximize the performance of their assets.
The New York firm was launched in 1998 with the initial launch of its flagship “Strategic Opportunities” fund. Fortress Investment Group LLC is the parent company. Fortress has considerable expertise and experience in credit investments, including real estate, private equity, and alternative markets.
Fortress Investment Group’s success has been built on deep community involvement. For more than 20 years, Fortress Credit has actively contributed to education and charitable organizations to create a meaningful impact. In 2004, Fortress donated over $3.4 million to over 75 organizations to help increase the availability of higher education opportunities for students in underserved communities across the country.
Fortress Credit Foundation (FCF) was founded in 1998 as a public charity dedicated to fulfilling the promise of a quality college education by providing leadership opportunities for at-risk youth and economic stability for under-resourced families.