Fortress Investment Group

Fortress Investment Group LLC (NYSE: “FIG”) is a leading global investment manager with approximately $74.3 billion of assets under management as of September 30, 2015. Fortress applies its deep experience and specialized expertise across a range of investment strategies - private equity, credit, liquid markets and traditional fixed income - on behalf of over 1,600 institutional investors and private clients worldwide. Fortress was founded in 1998 as an asset-based investment management firm with a fundamental philosophy premised on its alignment of interests with the investors in its funds. Fortress raises, invests and manages private equity funds and hedge funds. Fortress intends to grow its existing businesses, while continuing to create innovative products to meet the increasing demand by sophisticated investors for superior risk-adjusted investment returns. Headquartered in New York, Fortress currently has approximately 1,200 employees and affiliates with offices in Atlanta, Dallas, Frankfurt, Hong Kong, London, Los Angeles, New Canaan, Philadelphia, Rome, San Francisco, Shanghai, Singapore, Sydney and Tokyo.

Fortress Investment Group was acquired by SoftBank for about $3.3 billion on February 15, 2017.

Type
Public
HQ
New York, US
Founded
1998
Size (employees)
2,843 (est)-6%
Fortress Investment Group was founded in 1998 and is headquartered in New York, US

Fortress Investment Group Office Locations

Fortress Investment Group has offices in New York, Dallas, Philadelphia, Denver and in 3 other locations
New York, US (HQ)
1345 Ave Of The Americas
Show all (6)

Fortress Investment Group Data and Metrics

Fortress Investment Group Financial Metrics

Fortress Investment Group's revenue was reported to be $232.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

232.2 m

Net income (Q1, 2017)

(6.8 m)

Market capitalization (25-Jul-2017)

1.8 b

Cash (31-Mar-2017)

334.7 m
Fortress Investment Group's current market capitalization is $1.8 b.
USDFY, 2013Y, 2014FY, 2015FY, 2016

Revenue

1.3 b1.8 b1.2 b1.2 b

Revenue growth, %

43%(33%)(4%)

Sales and marketing expense

773.7 m

Operating expense total

897.6 m1.6 b1.1 b950.6 m

EBIT

(136.9 m)32.9 m

EBIT margin, %

(11%)3%

Interest expense

3.4 m4.6 m10.7 m

Pre tax profit

341.1 m243.2 m237.4 m209 m

Income tax expense

(23.6 m)(55.8 m)(28.3 m)

Net Income

483.6 m233.4 m181.6 m180.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

427.3 m403.8 m226.7 m308.5 m264 m231.6 m232.7 m261.1 m232.2 m

Sales and marketing expense

168.1 m187.2 m178.9 m199.1 m169 m164.2 m191.3 m184.2 m182 m

Operating expense total

168.1 m187.2 m178.9 m199.1 m169 m164.2 m191.3 m184.2 m182 m

Interest expense

947 k916 k839 k1 m918 k3 m3 m2.6 m2 m

Pre tax profit

75.7 m16.4 m105.3 m(220 k)(22.4 m)(15.2 m)(22.5 m)65.4 m(8.6 m)

Income tax expense

(6.7 m)(6.1 m)(18.4 m)5.2 m(3.6 m)(783 k)(4.1 m)(7 m)1.7 m

Net Income

75.1 m85.3 m86.9 m91.9 m65.9 m(16 m)(26.6 m)58.3 m(6.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

364.6 m741.5 m339.8 m397.1 m

Goodwill

370.4 m

Total Assets

2.7 b5.9 b2.3 b2.2 b

Accounts Payable

870 k

Total Liabilities

1.3 b

Additional Paid-in Capital

2.1 b2 b2 b1.9 b

Retained Earnings

(1.3 b)(1.4 b)(1.4 b)(1.3 b)

Total Equity

1.6 b3.1 b941.8 m887.7 m

Financial Leverage

1.7 x1.9 x2.4 x2.5 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

233.9 m337.1 m225.6 m278.9 m350.7 m334.7 m

Total Assets

2.2 b2.3 b2 b2 b2.1 b2 b

Additional Paid-in Capital

1.9 b1.9 b2 b1.9 b1.9 b1.9 b

Retained Earnings

(1.3 b)(1.3 b)(1.4 b)(1.5 b)(1.4 b)(1.3 b)

Total Equity

1.2 b1.1 b853.9 m726.4 m758.1 m846.5 m

Financial Leverage

1.9 x2.1 x2.4 x2.7 x2.7 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

483.6 m233.4 m181.6 m180.6 m

Depreciation and Amortization

19.8 m39.2 m22.7 m

Cash From Operating Activities

432.9 m239.9 m243.1 m255.1 m

Purchases of PP&E

(11.5 m)(12.4 m)(31.6 m)(17.4 m)

Cash From Investing Activities

211.7 m527.3 m238.6 m194 m

Dividends Paid

(57.9 m)(105.9 m)(140.8 m)(103.4 m)

Cash From Financing Activities

(384.3 m)(390.3 m)(532.9 m)(391.9 m)

Interest Paid

3.6 m1.8 m2.1 m9.5 m

Income Taxes Paid

6.5 m5 m11.6 m19.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

75.1 m85.3 m86.9 m91.9 m65.9 m(16 m)(26.6 m)58.3 m(6.8 m)

Depreciation and Amortization

9.3 m14.3 m5.3 m18.1 m34.2 m6.3 m5.8 m5.3 m4.5 m

Cash From Operating Activities

(81.1 m)79.7 m(153.6 m)(72.5 m)95.9 m(135.9 m)

Purchases of PP&E

(4.2 m)(7.6 m)(4.4 m)(11.1 m)(19.8 m)(4.9 m)

Cash From Investing Activities

367.5 m331.6 m112.4 m194.1 m204.4 m95.4 m

Dividends Paid

(32.6 m)(88.6 m)(104.6 m)(122.7 m)(18 m)

Cash From Financing Activities

(365.1 m)(292 m)(204.7 m)(278.7 m)(354.3 m)(73.7 m)

Interest Paid

788 k1.3 m500 k1 m1.6 m3.1 m

Income Taxes Paid

3.4 m4.2 m6.1 m7.7 m10.4 m8.3 m
USDY, 2017

Revenue/Employee

81.7 k

Financial Leverage

2.3 x

Fortress Investment Group Market Value History

Fortress Investment Group Job Categories

Fortress Investment Group News and Updates

Fortress Investment Group Company Life and Culture