INVESTMENT

What SoftBank is Doing to Increase Presence of Fortress Investment Group in Asian Markets

Leading managing investment firm, Fortress Investment Group (FIG) sold all its outstanding shares to SoftBank Group Corporation (SBG) for $3.3 billion. In February 2017, WSJ (Wall Street Journal) reported Japan-native Masayoshi Son, the owner of the SBG became the proud parent company. His goal is to increase presence of the alternative investment firm in Asia and other international markets across the globe. The acquisition will impart his mission of transforming his enterprise into the biggest investment firm worldwide. It will take putting FIG and its net-worth investors at the front of rising technologies and communications technologies. Visit https://patch.com/new-york/new-york-city/force-innovation-two-decades-fortress-investment-group

Days after the acquisition closed, shares of Fortress Investment Group escalated to 29 percent. By the end of 2019, Masayoshi Son hopes to double the alternative investment firm’s assets by marketing its funds to SoftBank’s network of sovereign funds. He is also planning to sell part of Fortress’s operating unit, according to a reliable source. Most of FGI’s assets are in Logan Circle Partners, a fixed-income firm in Philadelphia that manages approximately $33 billion. In early 2018, only seven percent of its managed capital came from investors in Asia.

SBG is an international technology investment corporation in Tokyo with a diversified portfolio including internet services, robotics, clean energy technology, and AI (artificial intelligence) companies. SoftBank Group Corporation main interest in Fortress Investment Group is its investment pools that invest in digital marketing, mortgaging, and golf courses. SBG has offices in San Francisco, CA and plans to invest $50 billion in the United States. It will help the economy by creating nearly 50,000 jobs while reducing the unemployment rate at the same time.

Fortress Investment Group has been in business since 1998 and manages over $41 billion in assets at the end of June of this year. Leaders and Principles, Randal Nardone, Wesley Edens and Peter Briger head operations of credit, permanent capital strategies, and private equity. Nardone and Edens are co-founders and served FGI for 20 years. Briger has 16 years with the company managing credit investments. The principles are attributable for leading their teams to excellence in successfully managing over 1700 global investors and institutions.

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