Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February 2007, it was the first large private equity firm in the US to be traded publicly. In December 2017, Fortress was fully acquired by SoftBank Group, was delisted, and returned to being a privately held company.
Fortress manages $44.7 billion of assets under management as of June 30, 2023, on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. In May 2023, Mubadala Investment Co agreed to acquire a majority stake in Fortress from Softbank for an undisclosed sum.
Fortress Investment Group - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments41
Current Portfolio Count30
Total Portfolio Exits3
Top Investment Stages
Debt Financing16 (53.3%)
Post Ipo Debt4 (13.3%)
Series D4 (13.3%)
Private Equity3 (10.0%)
Series B3 (10.0%)
Stage Mix
Debt Financing 53%Post Ipo Debt 13%Series D 13%Private Equity 10%Series B 10%
Concentration shown as share of disclosed investments by stage.
Fortress Investment Group - Classification
- Also Known As
- Fortress Investment Group LLC
- NAICS
- 520000Finance and Insurance
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 523900Other Financial Investment Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6700Holding And Other Investment Offices
- 6790Miscellaneous Investing
- 6799Investors, Not Elsewhere Classified
- ISIC
- 6430Trusts, funds and similar financial entities
- 6619Other activities auxiliary to financial service activities
- 6630Fund management activities
Show 12 more industry codes
- NAICS
- 525900Other Investment Pools and Funds
- 525910Open-End Investment Funds
- 525000Funds, Trusts, and Other Financial Vehicles
- 523910Miscellaneous Intermediation
- 523940Portfolio Management and Investment Advice
- SIC
- 5000Wholesale Trade-durable Goods
- 6000Depository Institutions
- 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
- 6280Services Allied With The Exchange Of Securities Or Commodities
- 6720Investment Offices
- 6282Investment Advice
- 6722Management Investment Offices, Open-end