Fortress Investment Group is a global investment manager with more than two decades of experience in the private equity industry. Fortress invests across numerous sectors, including but not limited to healthcare, manufacturing, transportation, and logistics. The company has offices in New York City, Shanghai, Beijing, and London. Fortress Investment Group was founded by Wesley R. Edens, who previously served as co-chairman of Lehman Brothers’ Board of Directors. Fortress investments are grouped into three portfolios: Fortress Equity Investments (private equity), Fortress Credit Investments (direct lending), and Fortress Alternatives Investments (hedge funds).
Fortress Investment Group’s headquarters are located in New York City on 850 Seventh Avenue, near Times Square. The company has grown substantially since its inception in 1998. The company’s current assets under management total over $61 billion thanks to several key acquisitions, including the January 1st purchase of Eurocastle Investment Limited for €650 million located in Malta.
The fortress investment group is credited with helping rebuild the New York real estate market after it had collapsed in 2008. Fortress purchased six office buildings in Manhattan for $700 million and $200 million in renovations. This project brought more than five thousand jobs to the City and helped the neighborhood’s recovery. The company was one of the first to move back into the Financial District after 9/11; they moved their employees to their newly renovated fortress investment group headquarters, located at Three World Financial Center Plaza 7, one week after returning.
The company is an international investment firm that has been recognized internationally for its financial prowess. The fortress investment group purchases and manages several notable properties across the country, including the Hard Rock Hotel & Casino in Las Vegas, which it purchased for $700 million and reopened as a luxury resort and casino. The company utilizes its wealth to invest in other funds and ventures as well.