It is said that in the world of business, those who have survived the longest are some of the most robust and outstanding companies today. This is not just because of the companies’ inherent talents and strengths, but because of their ability to withstand failures or rise back again after defeats. One of the few outstanding business leaders today who have stayed in business for long is Fortress Investment Group. In fact, it has already been one of the world’s trusted and largest alternative asset companies today that are still in operations even after decades of existence.
The Trendsetter Reputation
Most of the essential work history of Fortress Investment Group can be found in an article from Patch. It was in there that it was revealed how the company had continued its reputation of being a private equity firm that sets the business trends of investments. Since being formed in 1998, Fortress Investment Group has kept a name of being a company that had offered an impressive initial public offering (IPO) in 2007. It is even considered more impressive for the fact that Fortress Investment Group was the first large-scale private equity firm that was successful enough to go public at the New York Stock Exchange (NYSE).
We can read so much praise and insightful key events at the Patch article of Fortress Investment Group, but one event that stands out in its history is the fact that when it was still growing from its initial public offering, it has already reached a hard-driving level of success. In 2006, it was already able to expand its first Fortress Investment Fund I, with similar versions II to IV coming up not too long after. It was also during this time that Fortress was able to offer Drawbridge Global Macro Fund, Fortress Brookdale Investment Fund, and Fortress Partners fund as ways for stakeholders to increase their assets.
It was also a fantastic shift in the growth and progress of Fortress Investment G. when Michael Novogratz from Goldman Sachs came in to be part of Fortress Investment. With his involvement, the company was able to expand its interests to areas like cryptocurrency, where it was just a speculative asset fund before. The leadership pf Peter Brieger was also a profound contribution to the company’s expansion because he was the one to bring in the 15 years of experience at Goldman and Sachs to Fortress’ growth. He was also the one who built networks with Asian financial sectors, which brought in a lot of growth to the firm.
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