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.

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Type
Subsidiary
Parent Company
SoftBank
HQ
New York, US
Founded
1998
Fortress Investment Group was founded in 1998 and is headquartered in New York, US
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Key People/Management at Fortress Investment Group

Peter L. Briger

Peter L. Briger

Principal and Co-Chief Executive Officer
Wesley R. Edens

Wesley R. Edens

Co-Founder, Principal and Co-Chief Executive Officer
Randal A. Nardone

Randal A. Nardone

Co-Founder and Principal
Joseph P. Adams

Joseph P. Adams

Managing Director
Daniel N. Bass

Daniel N. Bass

CFO
David N. Brooks

David N. Brooks

General Counsel
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Fortress Investment Group Office Locations

Fortress Investment Group has offices in Amsterdam, Dallas, New York, Philadelphia and in 3 other locations
New York, US (HQ)
1345 Ave of the Americas
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Fortress Investment Group Financials and Metrics

Summary Metrics

Founding Date

1998
Fortress Investment Group is a subsidiary of SoftBank

Fortress Investment Group Revenue

Fortress Investment Group's revenue was reported to be $1.16 b in FY, 2016 which is a 4.1% decrease from the previous period.
Annual
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

773.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

232 m310.2 m427.3 m403.8 m226.7 m308.5 m264 m231.6 m232.7 m261.1 m232.2 m247 m254.4 m

Sales and marketing expense

146.5 m188.5 m168.1 m187.2 m178.9 m199.1 m169 m164.2 m191.3 m184.2 m182 m163.4 m

Operating expense total

184.1 m307.4 m379 m397.9 m329 m258.1 m223.9 m206.6 m238.9 m225.1 m241.4 m209.6 m248.1 m

Interest expense

778 k691 k947 k916 k839 k1 m918 k3 m3 m2.6 m2 m2.2 m2.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

364.6 m741.5 m339.8 m397.1 m

Goodwill

370.4 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

233.9 m337.1 m225.6 m278.9 m350.7 m334.7 m341.7 m665.6 m

Total Assets

2.2 b2.3 b2 b2 b2.1 b2 b2 b2.3 b

Total Liabilities

1 b1.2 b1.2 b1.3 b1.3 b1.1 b1.2 b1.3 b

Common Stock

Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

166.1 m6.2 m75.1 m85.3 m86.9 m91.9 m65.9 m(16 m)(42.5 m)15.8 m(6.8 m)25 m190.3 m

Depreciation and Amortization

10.1 m4.3 m9.3 m14.3 m5.3 m18.1 m34.2 m6.3 m12.1 m17.4 m4.5 m8.9 m

Cash From Operating Activities

332.5 m(98.5 m)(81.1 m)79.7 m(153.6 m)(72.5 m)95.9 m(135.9 m)18.1 m171.7 m(103.9 m)(53.4 m)

Purchases of PP&E

(7.8 m)(1.8 m)(4.2 m)(7.6 m)(4.4 m)(11.1 m)(19.8 m)(4.9 m)(10.6 m)(13.8 m)(3.7 m)(8 m)
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Fortress Investment Group Company Life and Culture

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