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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TypeSubsidiary
Parent CompanySoftBank
HQNew York, US
Founded1998
Websitefortress.com
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

1.3b1.8b1.2b1.2b

Revenue growth, %

43%(33%)(4%)

Sales and marketing expense

741.8m743.9m773.7m

Operating expense total

897.6m1.1b950.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

232.0m310.2m427.3m403.8m226.7m308.5m264.0m231.6m232.7m261.1m232.2m247.0m254.4m

Sales and marketing expense

146.5m188.5m168.1m187.2m178.9m199.1m169.0m164.2m191.3m184.2m182.0m163.4m200.6m

Operating expense total

184.1m307.4m379.0m397.9m329.0m258.1m223.9m206.6m238.9m225.1m241.4m209.6m248.1m

Depreciation and amortization

12.8m16.1m6.3m4.5m4.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

364.6m741.5m339.8m397.1m

Goodwill

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

Cash

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

Total Assets

2.2b2.3b2.0b2.0b2.1b2.0b2.0b2.3b

Total Liabilities

1.0b1.2b1.2b1.3b1.3b1.1b1.2b1.3b

Common Stock

Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

483.6m233.4m181.6m180.6m

Depreciation and Amortization

13.7m19.8m39.2m22.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

166.1m6.2m75.1m85.3m86.9m91.9m65.9m(16.0m)(42.5m)15.8m(6.8m)25.0m215.3m

Depreciation and Amortization

10.1m4.3m9.3m14.3m5.3m18.1m34.2m6.3m12.1m17.4m4.5m8.9m13.0m

Cash From Operating Activities

332.5m(98.5m)(81.1m)79.7m(153.6m)(72.5m)95.9m(135.9m)18.1m171.7m(103.9m)(53.4m)159.7m

Purchases of PP&E

(7.8m)(1.8m)(4.2m)(7.6m)(4.4m)(11.1m)(19.8m)(4.9m)(10.6m)(13.8m)(3.7m)(8.0m)(11.5m)
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Fortress Investment Group Company Life and Culture

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Fortress Investment Group Frequently Asked Questions

  • When was Fortress Investment Group founded?

    Fortress Investment Group was founded in 1998.

  • Who are Fortress Investment Group key executives?

    Fortress Investment Group's key executives are Peter L. Briger, Wesley R. Edens and Randal A. Nardone.

  • What is Fortress Investment Group revenue?

    Latest Fortress Investment Group annual revenue is $1.2 b.

  • Who are Fortress Investment Group competitors?

    Competitors of Fortress Investment Group include The Carlyle Group.

  • Where is Fortress Investment Group headquarters?

    Fortress Investment Group headquarters is located at 1345 Ave of the Americas, New York.

  • Where are Fortress Investment Group offices?

    Fortress Investment Group has offices in Amsterdam, Dallas, New York, Philadelphia and in 3 other locations.

  • How many offices does Fortress Investment Group have?

    Fortress Investment Group has 7 offices.