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.

Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1998
Size (employees)
2,843 (est)
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 4 other locations
New York, US (HQ)
1345 Ave of the Americas
Show all (7)

Fortress Investment Group Financials and Metrics

Fortress Investment Group Financials

Fortress Investment Group's revenue was reported to be $1.2 b in FY, 2016
USD

Revenue (Q3, 2017)

254.4 m

Net income (Q3, 2017)

190.3 m

Market capitalization (13-Nov-2017)

3.1 b

Cash (30-Sep-2017)

665.6 m
Fortress Investment Group's current market capitalization is $3.1 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

773.7 m
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
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 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

Additional Paid-in Capital

1.9 b1.9 b2 b1.9 b1.9 b1.9 b1.9 b1.9 b
    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)
    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)
      Y, 2017

      Financial Leverage

      2.3 x
      Show all financial metrics

      Fortress Investment Group Market Value History

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