Ericherrmann

Fortress Investment Group and SoftBank — Working Together in the US

A team of American and Japanese investors and hedge fund managers, Wes Edens, Randy Nardone, Peter Briger, and Masayoshi Son closed a major acquisition deal the end of 2017. Their goal is to be in a higher level position of capitalization opportunities for harvesting profits and continuous growth in the United States, Japan and international. Fortress Investment Group and SoftBank began working together in January 2018 immediately after SoftBank closed on the acquisition contract. It was a time of transitioning and adapting to the cultural environments of both the entities.

Edens, Nardone, and Briger are Principles of Fortress Investment Group and Masayoshi Son is the CEO and Owner of SoftBank. With Fortress’s leaders experience in assets management and real estate investments, it places SoftBank in the position to explore the real estate market in America. SoftBank already has offices in San Francisco, California and plans to invest $50 billion in the United States. It will create 50,000 jobs to boost the American economy and provide employment opportunities. Fortress Investment Group also has an office in San Francisco which Peter Briger, the head of the Credit Division runs.

SoftBank and Fortress’s Credit Division are in the same location for finances and support purposes. Edens and Nardone works at the headquarters office in New York City and oversees operations of the Permanent Capital Vehicles Division and the Private Equity Division. Per the acquisition agreement, the Fortress Investment Group’s Principles will continue their roles as Co-CEOs and Co-Chairs. They will work with SoftBank on its growth strategies of becoming the largest investment firm in the world.

Wes Edens and Randy Nardone helped establish Fortress in 1998 as a small management firm with only 28 employees and $40 million in capital. Internationally, the firm expanded worldwide and now has over 1,100 employees working in the Caribbean, Europe, and North America. Fortress Investment Group invests in tangible, intangible, undervalued, capital, real estate, distressed, natural resource, and intellectual assets. For nearly 22 years, the private equity company successfully manages hedge, private equity, and real estate funds for high net-worth investors and private individuals.

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