Fortress Investment Group was founded on 1998 by Peter Briger, Randal Nardone, and Wes Edens. It is the foremost and prominent worldwide investment manager with billions of assets. The Fortress manages properties and offers investment advice to over 1500 influential clients and private areas all over the world. In addition, Fortress Investment Group offers its skill to a variety of investment approaches such as private equity, credit market, and liquid market. The company has been on a successful path since its foundation and has been able to achieve its goal over the years. On 30 September last year, the company managed to create employment for 969 asset manager employees and an addition of 216 investment professionals.
Softbank made acquisition of $3.3 billion to Fortress Investment Group. The shareholders of Fortress approved the acquisition on June 2017 and it came to commence in December the same year. Softbank has the vision to offer its support to Fortress since it has more experience and has served the industry long enough. Softbank will own all the company’s unsettled shares. The routine operations of Fortress will continue as usual and the heads will remain. The acquisition will not affect the processes of Fortress as it was indicated on the agreement.
Fortress Investment Group enlarged its investments by providing guidance to its investors to purchase shares in iPass; the top provider of connection options in the world. Fortress offered $20 million to the company. Through this arrangement, the iPass will have an advantage over their competitors and their profits will rise at a fast rate than it was due to the boost of the Fortress. The company will continue ensuring that their business of offering Wi-Fi services shall remain to improve the investment. This contract is intended to have a long-term impact if all goes well and investors will provide more shares.