After the sale of Fortress Investment Group to SoftBank Group, the executive team including Randall Nardone, Peter Briger, and Wes Edens still directs the company and its efforts on a daily basis by providing stability and continuity of leadership at Fortress Investment Group. SoftBank Group Corp purchased Fortress Investment Group for $3.3 billion in December 2017 making SoftBank Group one of the leaders in the alternative investment industry that invests in alternative asset classes. SoftBank Group came to fame as a leader in advanced technologies within communications, internet, and information technology that are continuing to establish a foundation for advancement in the everyday task that can be computerized and performed in a user-friendly manner. The purchase of Fortress Investment Group allowed SoftBank group to expand their portfolio into the alternative asset investment industry in order to leverage opportunities to expand their portfolio and provide extremely large capital influxes within their organization that will allow them to dominate the technologies industry.
Fortress has already solidified its position within the alternative asset investment firm industry by leading analysis techniques and becoming one of the largest portfolios within this investment class. Fortress Investment Group specializes in distressed, underperforming, and illiquid investment opportunities that can easily transition into lucrative cash turnaround opportunities for the company by investing in these types of global investment opportunities. Fortress Investment was founded in 1998 by Peter Briger, Randall Nardone, Wes Edens, Michael Edwards, and Rob Kauffman and quickly became one of the more respected and profitable alternative asset firms in existence. Fortress continues to expand its portfolio in credit, private equity, real estate, bonds, stocks, cryptocurrencies, and various other alternative asset classes that are generating powerful asset positions and investment opportunities for the company. The leadership structure within the organization has been solidified after the purchase by Softbank Group with the retention of the leadership within Fortress that consist of powerful investment executives such as Wes Edens who is currently the co-owner of the Milwaukee Bucks a National Basketball Association team.
Wes Edens has provided key leadership for that sports franchise and is continuing to be a public face within the National Basketball Association and for the general public. Wes Edens has utilized his position at Fortress Investment Group to provide the necessary capital resources to build a state-of-the-art basketball facility for the Milwaukee Bucks NBA franchise team and provide an opportunity to capitalize within Fortress Investment Group as a result of the investment opportunity. Also, key executive Peter Briger also serves as Co-Chief Executive Officer at Fortress. Peter Briger serves as a member of the Council on Foreign Relations where he provides global insight into the inner workings of global trade and foreign investment opportunities for countries and international corporations. Another extremely knowledgeable and insightful leader at Fortress Investment Group is Randall Nardone who has a Juris Degree from Boston University School of Law provides corporate governance and investment expertise that continue to deliver a strong foundation and stable stewardship for the organization and its many investment clients. Randall Nardone, Peter Briger, and Wes Edens continue to infuse strong leadership and guidance for Fortress Investment Group that will continue to lead the company into renowned success.