Fortress Investment Group LLC

Fortress Investment Group LLC

Fortress Investment Group LLC

Overview
Date Founded

2006

Headquarters

1345 Avenue of the Americas,46th Floor,New York, NY 10105

Type of Company

Private

Employees (Worldwide)

969

Industries

Investment Services & Portfolio Management
Private Equity & Venture Capital
Hedge Funds
Accounting & Financial Services

Company Description

Fortress Investment Group LLC provides investment management services. It specializes in asset-based investment, operations management, mergers and acquisitions, and capital markets. The company was founded by Wesley Robert Edens, Robert I. Kauffman, and Randal Alan Nardone in 1998 and is headquartered in New York, NY.

Contact Data
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Executives & Employees

Co-Founder & Principal

Co-Founder

Co-Chief Investment Officer & Managing Partner, Credit Funds

Co-Chief Investment Officer & Managing Partner, Credit Funds

Co-Chief Investment Officer & Managing Partner, Credit Funds

Co-Chief Investment Officer & Managing Partner, Credit Funds

Chief Financial Officer & Treasurer

Deputy President & Chief Risk Officer, Liquid Markets Business

Vice President, General Counsel, Secretary

Co-Chief Information Officer, Credit Funds

Board of Directors

Co-Chief Investment Officer & Managing Partner, Credit Funds at Fortress Investment Group LLC

Co-Founder at Fortress Investment Group LLC

Co-Founder & Principal at Fortress Investment Group LLC

Former Partner at Goldman Sachs & Co. LLC

Chief Operating Officer & Vice President at SoftBank Group Corp.

Executive Director, Mubadala Capital at Mamoura Diversified Global Holding. PJSC (Private Equity)

Vice President & Chief Investment Officer at Brown University

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Fortress Investment Group LLC
Recent Transactions
Details Hidden

SoftBank Group Corp., Fortress Investment Group LLC purchase Finjan Holdings, Inc.

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SoftBank Group Corp., Fortress Investment Group LLC purchase The Krystal Company from Argonne Capital Group LLC

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SoftBank Group Corp., Abercrombie & Kent Ltd. purchase Cox & Kings (UK) Ltd. from Cox & Kings (India) Ltd.

Transaction Clients
Investment Advisor

Advised on Gannett Co., Inc., LMG Rhode Island Holdings, Inc. purchase The Providence Journal Co. from A. H. Belo Corporation

Transaction Advisors
Legal Advisor

Advised onSoftBank Group Corp. purchases Fortress Investment Group LLC

Underwriter

Advised onFortress Investment Group LLC issued USD Common Stock

Legal Advisor

Advised onSoftBank Group Corp., Fortress Investment Group LLC purchase Finjan Holdings, Inc.

Legal Advisor

Advised onSoftBank Group Corp. purchases Fortress Investment Group LLC

Legal Advisor

Advised onSoftBank Group Corp. purchases Fortress Investment Group LLC

Legal Advisor

Advised onSoftBank Group Corp. purchases Fortress Investment Group LLC

Advisors & Consultants

The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry. The Edmonds Group has closed over 40 transactions representing more than $3 billion in transaction value since its inception in 2004.

Legal Advisor

Co-Chair, International Business Restructuring & Reorganization Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Co-Chair, Land Use Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner & California Head of Mergers & Acquisitions/Corporate at Baker & McKenzie LLP

Clients

STRS Ohio pension fund assets are allocated to short-term liquidity reserves (commercial paper, short-term investment funds and repurchase agreements), fixed-income securities (US Government and US Government Agency obligations, corporate bonds, high yield/emerging market and MBS/ABS), domestic common and preferred stock, international equities, real estate (US properties and REITs),and alternative investments (private equity and opportunistic/diversified investments). These associates oversee diversified portfolios of equity (common and preferred stock), fixed-income, international, real estate investments and alternative. The mix of investments is designed to provide high, long-term yields while minimizing exposure to risk.

The Mission of SERS is to provide our members, retirees, and beneficiaries with pension benefit programs and services that are soundly financed, prudently administered, and delivered with understanding and responsiveness. Vision Where We Will Go - SERS understands the need to change based on our current environment and mission. Our values will help guide us as we explore the development of a sustainable pension and health care model, the creation of a "change-ready" culture, and the development of new strategic partnerships over the next five years. SERS will explore the costs and benefits of new types of pension and health care funding structures and investment models, eligibility and service delivery models to ensure the most efficient and effective uses of our members’ resources. SERS will review pension and health care plan design, eligibility and reduction factors in light of current and future environmental factors. In weighing the alternatives, SERS will keep in mind the overriding goals to: Maintain a sound level of funding. Provide access to health care for eligible SERS retirees and their dependents. SERS is committed to an organizational culture in which both Board and staff support success in meeting the challenges of our environment. This change-ready culture will require: Understanding the emerging needs of members and retirees, and how our partners can help us meet those needs. Highly skilled and empowered Board and staff members who clearly understand their roles and responsibilities, and are provided with the training, tools, and organizational support to enable success. Performance measures that hold vendors as well as SERS accountable for individual and team performance in achieving SERS’ goals. Collaboration and partnership within and across departments and partner organizations, focused on achieving the mission and goals of SERS. Continual process improvement and innovation to reduce costs and improve service levels. SERS believes that the key to achieving our mission will be through strategic partnerships with those organizations and individuals who have an impact on our members’ well-being and financial security. This new model of communication and collaboration will allow us to identify, and deliver solutions for, the issues of greatest impact to our members and retirees. SERS will explore new ways to communicate with our strategic partners: Multiple service channels for our members: (face-to-face, electronic, web, multi-lingual, etc.). Increased communications through employers, as well as directly to members and retirees. Lobbying and public education to minimize the potential for detrimental legislation. Education and communication to all partners, to provide: Realistic expectations of benefits Clear understanding of the value of the employers' investment Tools to assist our members in effective retirement planning and preparation Our Values Who We Are - We believe these deeply ingrained principles guide all of our actions and enable SERS to fulfill its mission: Member and Retiree Focus We focus on the needs of our members and retirees by “serving the people who serve our schools.” Integrity We believe in the highest professional standards and ethical conduct and the accountability needed to succeed and achieve our goals. We uphold ethical and professional conduct by word and example. Open Communication We practice respectful, direct, and proactive communication. Continuous Innovation We celebrate success and strive for quality, and continually seek better ways to fulfill our mission to our members and retirees. We value individual and organizational courage, and a willingness to change. Teamwork We are committed to achieving our mission in a manner that encourages participation and values each person’s contributions. Strategic Plan Creating a secure retirement requires a partnership among members, employers, and public retirement systems, each with important responsibilities. The SERS Leadership team defined the responsibilities for each partner for four critical elements of retirement security, and created a Retirement Security Compact. This Compact described each partners’ responsibilities and provided a framework that the Leadership team used in developing strategic priorities and tactics. Elements of a secure retirement include: A well thought-out plan for retirement Sufficient financial resources Good health Life resources In light of the Retirement Security Compact, the Leadership team identified 5 strategic priorities: Develop Long-Term Plan for Pension Security Develop Long-Term Plan for Healthcare Security Ensure Effective Board and Staff Collaboration Communicate Effectively with Stakeholders Ensure Appropriate Resource Structure (human, financial, infrastructure)

Responsibility for the operation and administration of MOSERS is vested in an eleven-member board of trustees. MOSERS seeks to minimize risk through proper diversification of plan assets. This is achieved through finding an appropriate mix of assets that possess varying characteristics that help reduce the overall volatility of the fund.

Key Stats and Financials As of 2020
Market Capitalization
$3.05B
Total Enterprise Value
Earnings Per Share
Revenue
$1.2B
Non-Profit Donations & Grants
Political Donations
$500
2000
Investments
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State National Cos., Inc. provides insurance services. The firm specializes property and casualty insurance services operating in two niche markets Lender Services and Program Services. Its Lender Services business insures personal automobiles and other vehicles as collateral for loans made by credit unions, banks, and specialty finance companies. Its Program Services business provides access for reinsurers and other capital providers to the US property and casualty insurance market in exchange for ceding fees and is recognized as the largest and longest-standing pure-play fronting business in the US insurance industry. The company was founded by Lonnie Kossuth Ledbetter, Jr. and Terry Lee Ledbetter in 1973 and is headquartered in Bedford, TX.

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Matic Insurance Services, Inc. operates as a technology driven insurance agency. It provides web and mobile applications to connect borrowers and loan officers in real time. The company was founded by Aaron Schiff and Benjamin Madick in 2014 and is headquartered in Sherman Oaks, CA.

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Bluestem Brands, Inc. operates as a multi-brand online retailer. It offers home products such as housewares, entertainment related, bed and bath, lawn and garden items, home furnishings, and hardware products. The firm also offers a variety of credit options to provide families on a budget the flexibility of paying over time. The company was founded by Thomas J. Petters and Theodore Deikel in 2002 and is headquartered in Eden Prairie, MN.

Investors
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Chief Executive Officer at Aldel Financial, Inc.

Suppliers
Nomura Holdings, Inc. Investment Banking & Brokerage | Tokyo, Japan

Nomura Holdings, Inc. operates as a holding company which provides the investment and financial services. It operates through the following segments: Retail, Asset Management, Wholesale and Merchant Banking. The Retail segment includes investment consultation services, distribution of trust certificates, and management of insurance agencies. The Asset Management segment offers portfolio and trust management, and provides investment advisory services for pension funds. The Wholesale segment consists of global markets and investment banking services such as trading of bonds, stocks, foreign exchange, and derivatives, and the underwriting of debt, equity, and other financial instruments. The Merchant Banking offers equity to clients as a solution for business reorganizations and revitalizations, business succession and management buyouts. The company was founded by Tokushichi Nomura on December 25, 1925 and is headquartered in Tokyo, Japan.

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