Fortress Investment Group Has Invested In The Building Of Brightline West
Fortress Investment Group was founded as a private equity firm in 1998 by Wes Edens, Randal Nardone and Rob Kauffman based in New York. The head office is also based in New York employing approximately 1,033 professionals.
It serves as an international private equity firm. This global asset manager manages assets for institutional and private investors across the world. It manages their credit, private equity and liquid hedge funds.
At the time of its launch on the NYSE, the group took the title of the first publicly traded equity firm traded in the U.S. The firms holdings amount to approximately $45.5 billion in alternative assets which cover varying funds.
After its founding, the group quickly expanded into real estate, debt securities and hedge fund investments. These were run by experienced partners and led to the rapid growth of the group which netted the group 39.7% between 1999 and 2006. Investment firms had so much confidence in Fortress Investment Group that they underwrote the IPO. In February 2017 SoftBank Group agreed to buy Fortress Investment Group for $3.3billion and acquisition was completed in December of the same year.
The Group continues to grow and take on more “underdog” investments. It recently bet on a private passenger rail line built in Florida where it became the parent company of the private line called Brightline passenger. This line is the only privately owned passenger rail line in the United States. Through Brightline, Fortress Investment Group has invested in the building of Brightline West, which will be a high speed rail line route connecting Las Vegas and Southern California.
The Fortress Investment Group has an impressive portfolio of companies that are usually the underdogs but turn out to be great successes, this approach has allowed the company to keep adding value to its investments. Refer to this page for additional information