The legacy of Fortress Investment Group is not one that will be forgotten in the near future. This company is one of the few organizations that have shown exceptional performance in terms of growth of its assets under management and also its leadership. Fortress Investment Group has been under the leadership of servant leaders who have been the motivation of their junior employees. They have inspired the team spirit to the organization, an aspect that has greatly contributed to the achievement of the company’s goals and objectives. In terms of growth, Fortress Group started with a total of assets less than $400 million under its management. By then, it was purely a private equity firm, and hence the growth was a bit minimal. Later after the coming of Peter Briger in 2002, the company started engaging in the management of other forms of asset strategies like hedge funds, real estate and credit fund. This diversification led to the rapid increase in the organization’s managed assets.
On the other hand, Fortress Investment Group has been growing in terms of its customer base. The company is serving institutional and private investors from all over the world. Amid this, Fortress has opened numerous satellite offices and branches in various parts of the world with the intention of enhancing its client reach. More headquarters have also been established with the same agenda of increasing the market reach and also increase the size of its market. One of these head offices has been situated in San Francisco, where Peter Briger is the head. Other offices have been opened in Shanghai and Singapore.
Fortress Investment Group has gained popularity in its proper management of mergers and acquisition, a factor that has greatly impacted in its tremendous growth in value of the underlying assets. It has been so focal in engaging in viable business relationships that have seen the company grow. One of the most amazing acquisition transaction that Fortress Group made was in 2006 when it acquired one of the companies that operated the biggest ski resort in the whole of America; that is Intrawest. This acquisition was the first for the company, and it astonished a lot of industry players.