Fortress Investment Group is a renowned best alternative company to assert management. Founded in 1998, the company has not only grown to become one of the largest asset managers but also became the first Private-Equity investment group to be publicly listed for its operations. The company has around 900 employees, and at the moment, manages assets worth of $40 billion belonging to approximately 1,750 investors. The corporation has always maintained its nature in trendsetting and as such, considers investing in opportunities from which its clients are at a position of receiving returns which are strong risk-adjusted on a long-term basis. One such opportunity is iPass as it offers fantastic Wi-Fi access, a product which is likely to become more popular soon.
The deal signed between Fortress Investment Group and iPass, adding to the tune of $20 million in credit, is well secured by the patents and assets of iPass. By accepting to support this technology championed by iPass, Fortress Investment Group made a wise decision as it is geared towards influencing lives of millions of users across the globe to get connected through the global hotspot. SoftBank to Buy Fortress Investment Group for $3.3 Billion.
In May 2017, during its sixth round of funding, Fortress investment group raised $2.9 billion. Before this, in the period between 1999 and 2006, the company earned well over 39% returns for its investors. The company has won several recognitions from its peers in the field of property management. On June 30, 2014, the Institutional Investor Magazine named it the Institutional Hedge Fund manager of the Year. With the funding from Fortress, it is now considered that iPass will be at a competitive advantage and as such, will be able to make more significant profits in a shorter time.
Fortress investment group prides itself on its devoted team of leadership; justifiable commitment to success realization; excellent operation ethos; and offering a world-class platform for investment. The company’s 2017 internal quarterly report shows a high diversification of its business models. The managers of the company used this finding as a basis to justify the success of the company and its ability to continue reaping more profits.
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