The Fortress Investment Group, led by Peter Briger, had a strong year in 2018. They were able to make headlines for over 20 years, and finally, in 2018, they had one of their most breaks through years ever by integrating with the SoftBank Group Corporation. The purchase was $3.3 billion. This set forward the ambitions of Peter Briger and the Fortress Investment Group. Whenever an investment firm likable to purchase with as much value as Peter Briger’s Fortress at $3 billion, it’s going to make headlines. Peter Briger was able to accomplish a lot through the integration. This is because SoftBank is a company focused on investing in data acquisition and use.
The integration of the two companies took a full ten years to accomplish, but now that it’s happened, this is now one of the most prominent combinations of anyone in the investment world. They are likely going to turn a lot of heads and get a lot accomplished within the timeframe set up for them in the future. The strategy for the group is going to be using Fortress and Softbank to largely continue to operate separately, but still, work together across their different long term tactical approaches. The idea is that they are likely going to go into private equity investment.
They are only even thinking about doing this because companies like Blackstone and Kohlberg are dominating it and it’s only the group’s newfound strength that allows them to make this workout. It’s a strategy that people are saying will be revolutionary. Softbank now has some of the best financial experts around. They are jumping up into managing assets and handling private equity, in other words. It’s going to be a combination that those interested in this field are going to want to pay close attention to as time goes by. According to Peter Briger still has a lot of tricks left.