The Fortress Investment Group was started in 1998 as a private equity firm. The company was started by three businessmen by the names of Wesley R.Edens, Rob Kauffman, and Randal Nardone. The three soon after decided to hire two former Goldman Sachs partners Michael Novogratz and Pete Briger, so they could expand into hedge funds, real estate Investments, and securities. The Softbank Group the company for 3.3 billion in cash. The move makes Softbank more powerful from an investment standpoint. This adds a lot of investment banking expertise to the company. Softbank was approved on July 12, 2017 to purchase the company. The company ceased trading stocks and was taking off the New York Stock Exchange during the purchase process. Once both company’s financial records were consolidated Softbank closed on the acquisition of Fortress Investment Group on December 27, 2017. Visit


As part of the purchase agreement Softbank agreed that Fortress Investment Group will continue to operate independently under the supervision of Softbank. Softbank has also allowed Fortress Investment Group to keep the current leadership in place which consists of Pete Briger, Wesley Edens, and Randal Nardone. This move ensures that the company maintains its success and continues to function smoothly. Softbank’s technology portfolio includes assets like AI, smart robots, internet services and advanced telecommunications. Fortress also has an impressive resume as well. They have a diversified global portfolio managing over 36.1 billion in assets. Softbank and Fortress is just one example of how an individual or individuals can build a company from scratch and the company may reach its peak and sometimes it is beneficial to merge or sale to grow more. Most importantly you have to be willing to compromise, be open-minded, share ideas, and work as a team. When you combine a top investment firm with a major technology player, this is a clear recipe for extreme long-term success.


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