Fortress Investment Group

Fortress Investment Group, LLC
Company type	Private
Industry	Investment Management Firm: Private Equity, Credit, Liquid Markets and Traditional Asset Management
Founded	1998
Founder	Wesley R. Edens; Rob Kauffman; Randal A. Nardone;
Headquarters	1345 Avenue of the Americas; New York City, U.S.
Key people	Wesley R. Edens (Principal and Co-CEO); Peter L. Briger (Principal and Co-CEO); Randal A. Nardone (Principal);
Products	Investment Management Firm: Private Equity, Credit Funds, Railroads, Hedge Funds and Traditional Asset Management
AUM	US$45.7 billion (September 2022)
Number of employees	885 plus 199 investment professionals (September 2022)
Parent	Mubadala Investment Company
Website	fortress.com

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.

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