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About Fortress Investment Group LLC

Fortress Investment Group has more than $74 billion in assets under management (as of September 2015) and a network of nearly 6,000 employees, making it one of the world’s largest alternative asset managers. Headquartered in New York, the firm’s affiliate offices in North America are located in Atlanta, Dallas, Los Angeles, Philadelphia, San Francisco, and New Canaan, Conn. Overseas outposts include London, Frankfurt, Munich, Rome, Shanghai, Sydney, Singapore, and Tokyo.

The firm was founded in 1998 by a trio of partners led by Wesley Edens, known for making savvy distressed asset grabs during the savings and loan crisis of the early 1990s. Edens’ career was the definition of fast-track: he made partner at Lehman Brothers when he was in his early 30s, then left in 1993, citing “philosophical differences” with the firm. Post-Lehman, Edens moved to BlackRock and then UBS. He launched Fortress with the help of partners Robert Kauffman and Randal Nardone.

In 2002, the three partners were joined by former high-flying Goldman Sachs partners Peter Briger and Michael Novogratz, who came on board to run the firm’s hedge funds. Fortress went public in February 2007 with a closely-watched $10.7 billion initial offering. On the day of the issue, FIG share prices jumped from $18.50 to $35. Today, Nardone serves as CEO of Fortress, and Edens and Briger are its co-chairmen.

Fortress operates through three main business units: alternative asset management, traditional asset management, and principal investments. Its formidable private equity operation falls under its alternative asset management unit. As of the third quarter of 2015, Fortress had more than $16 billion in private equity assets under management, its traditional assets under management totaled more than $33 billion, and it had more than $1.1 billion in principal investments.

Fortress Investment Group LLC

1345 Avenue of the Americas
Floor 46
New York, NY 10105
Phone: (212) 798-6100

Firm Stats

Employer Type: Public
Stock Symbol: FIG
Stock Exchange: NYSE
CEO, Principal, Director: Randal A. Nardone
2015 Employees (All Locations): 5,981