Fortress Investment Group is a leading private Equity Firm which deals with the management of alternative assets in, liquid hedge funds and credit funds. The firm has a trusted experience in financial matters being in service for cross to two decades. The co-founders were Peter Briger, Randal Nardone and Wes Edens. Fortress Investment Group has its headquarters in New York and has an average of 1000- 5000 professionals working with it.
On 14th February 2017, Fortress Investment Group announced its acquisition by SoftBank, an organization which provides products related to mobile telephony, internet telecommunication, digital television, and fixed line. The purchase was closed on 27th December 2017. Fortress has made 27 investments the recent being on 13th November 2018 investing $20m in SuperCom. Fortress group fund was the first to go public on the New York stoke exchange in 2007.
Fortress Investment Group has acquired two organization one being Liberty Group Publishing and recent one being CoreVest American Finance. The firm has been able to raise a total $2.7 billion across four funds which were: Fortress Worldwide Transportation and Infrastructure Investors LLC raising $ 995 million, Fortress Japan Opportunity Fund III raising $1.1 billion, Fortress Secured Lending Fundraising $590 million and the latest being Fortress IP fund I.
Fortress Investment Group has tabled out a mega-deal project partnering with old New York real estate players L&L Holding company and Maefield Development which is believed to bear good results. Fortress Group will be part of creating a world-class hotel, entertainment, retail and signage in one of the famous place in the world, Times Square.
The project is scheduled to complete by 2021. Some of the features of this remarkable project include a new building of 46-story to cover over 1,700-seat Palace Theater. Times Square is one of the most visited places in the world with over 50 million people visiting it annually. It is rumored that some of the world business giants such as Amazon, Disney, Facebook, and Walmart have expressed interest in being tenants.
The project will make use of innovative and spectacular developments that have marked the history in Times Square and 42nd Street.
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