Fortress Investment Group LLC is a leading investment management firm operating globally with a highly diversified investment portfolio. It was established in 1998 as a private equity firm in New York. Its three founders were Wesley R. Edens, Randal Nardone and Rob Kauffman.After establishment, the firm quickly flourished with the private equity fund that it managed growing at an average rate of 39.7% within the first seven years of its existence. As a result of its brilliant performance, Fortress Investment Group received numerous industrial accolades. For instance, in 2014, HFMWeek, an industry publication named the firm as their “Management Firm of the Year”. Previously Institutional investor had named Fortress as their “Discretionary Macro-Focused Hedge Fund of the Year”. Still, in 2014, an Institutional investor called Fortress their “Hedge Fund of the Year”.
Fortress Group has diversified its investment services to increase its market share. It raises, invests, and manages assets for 1,800 clients, who comprise of both institutional clients and private investors. The company’s target market come from across the whole of United States and also worldwide. Among the range of investments that Fortress manages include; private equity, liquid markets, permanent investment vehicles, a range of credit, real estate and traditional asset management. All these investments are made on behalf of thousands of its both individual and institutional investors worldwide.One unique attribute of Fortress Investment Group is that it cherishes professionalism. By the end of 2017, they employed approximately 1,000 employees with more than 200 of them being investment professionals. They have also established satellite offices outside New York and across the world to ensure adequate market reach.
In mid-2017, SoftBank Group Corp. announced that it had completely acquired Fortress Investment Group, a transaction that cost SoftBank $3.3 billion in cash. The acquisition followed compliance and satisfaction of all the conditions relative to the closing of the transaction including receipt of approvals from the relevant regulations and also approval from the shareholders of Fortress.As a result of this acquisition, the ownership of all the outstanding Fortress shares was immediately transferred to SoftBank and all its fully-owned subsidiaries. Fortress common stock also ceased trading and was subsequently delisted from the New York Stock Exchange. However, the three principals of Fortress have continued to lead Fortress as it operates independently but still within SoftBank.
About Fortress Group
Fortress is a trailblazer of the investment industry with assets worth $4.3 billion under the company’s management. They manage assets on behalf of over 1,800 clients, both institutional and private clients. The company manages a wide range of assets ranging from real estate, private equity investment strategies, permanent capital and credit.
Wesley Robert Edens, known as Wes Edens, is a businessman, investor, and professional sports owner based in the United States. While he is well known in the business world, he is perhaps most famous for being a partial owner of the Milwaukee Bucks NBA team. His interests also lie in e-sports- he outright owns the popular League of Legends team, Flyquest.Mr. Edens started his career at the famed investment bank, Lehman Brothers. At Lehman, he was a managing director/partner until 1993. After his tenure at Lehman Brothers, he joined the private equity division at Blackrock Asset Investors. Wes stayed there for another 4 years and became a partner and managing director until his departure in 1997.After leaving Blackrock, Wes Edens joined with four other principal partners to form Fortress Investment Group. This company was founded in 1998, shortly after his departure from Blackrock.
Their investment goals were to make “contrarian bets, creative financing, and a knack for building business from investments.” as was written in the Wall Street Journal in 1998.Fortress Investment Group grew to become one of the major players in the investment market and became the first publicly traded buyout firm in history. Their initial public offering was in February of 2007 and it was a smashing success, with an 8% share of the company sold to the general public for a total of 600 million in funds raised.Their success continued and by the mid 2000s the company’s managed assets included private equity funds, real estate vehicles, hedge funds, and many other widely diversified investment pathways.
The company grew so large that Wes Edens and all of his partners became billionaires in 2006. They saw a decline during the housing market crisis but managed to create a surprising rebound by getting involved in subprime lending later in the game.Fortress and Wes Edens announced the founding of a gaming/esports team named Flyleaf, in 2017. This team is primarily a league of legends based team and currently competes in the North American LCS or Legends Championship Series. Wes Edens is also one of the majority owners of the Milwaukee Bucks NBA team. Wes and a partner, Herb Kohl, purchased the team in 2014. They paid more than 500 million dollars and made a promise to the local community that they would keep the team local- they have up until this day kept that promise.
In today’s high-tech world where business gets done at an ever increasing rate, people need to be even smarter with their finances. That is why investment management continues to become a key component to success.Obtaining wealth is tricking enough. Maintaining and even building on it can be even more so.That is why an investment management firm such as the Fortress Investment Group is so valuable to their clients. In terms of track records, Fortress stands out as an alternative asset management group that has had success over the years. In late December 2017, the company was bought by Softbank Group for an estimated $3.3 billion dollars and made into subsidiary. However, Softbank chose to keep the Fortress Investment name as a show of the high regard the Fortress brand has in its field.In a world where there are a greater variety of ways to spend capital, Fortress Investment tends are known for its strong alternative asset management abilities.
According to some estimates in 2016, Fortress was managing approximately $70 billion for its clients. Much of the money was involved in alternative investment forms instead of the more traditional investment vehicles such as stocks and bonds.Founded in 1998 and based out of New York City, the Fortress Investment Group has steadily developed over the past two decades. During the early part of the firm’s existence, growth was fairly quick in its handling of private equities. By 2007, Fortress Investment was listed on the New York Stock Exchange, become the first private equity firm in the country to trade its own shares to the public.Despite suffering greatly from the bear market around 2008, the Fortress Investment Group rebuilt itself by focusing more on credit funds.
The Institutional Investor even named the company as the 2014 Hedge Fund Manager of the Year. The firm also was the main lender toward the developers who eventually built the Olympic Village for the 2010 Winter Olympics held in Vancouver, British Columbia, Canada. The Fortress Investment Group provides a number of services to its clients. It has four main services: private equity, liquid markets, assets under management, and credit. Among its specialties are commercial real estate, permanent capital vehicles (PCVs), and business loans particularly of the long-term nature. Fortress has numerous of clients in North America, Western Europe, and the Caribbean.
Founded in 1998, Fortress Investment Group has become one of the largest in the nation. Principal and Co-CEO, Peter Briger, helped Fortress be where it is today that landed him on the Forbes Billionaire list and become invested in charitable causes.Residing in San Francisco for Fortress, Peter Briger was invested early in life with finances and received his Business Administration at Princeton University. He then obtained his M.B.A from the Warton School of Business at the University of Pennsylvania. After school, his degrees landed him a job at Goldman Sachs & Co. for 15 years. His positions included Co-Head of Whole Loan Sales and Trading business, Co-Head of Fixed Income Principal Investments Group, Co-Head of Asian Distressed Debt business, Co-Head of Asian Real Estate Private Equity business, and Partner until 1996.
In 1998, he was a part of Fortress Investment Group and by 2007 he was able to become #407 on the Forbes Billionaire list.Not only is Peter Briger responsible for the leading investment group’s credit fund and real estate business, he also contributes to a number of charitable causes. Peter Briger is on the Council on Foreign Relations which helps promote a wider understanding of foreign policy issues. He is also the Silicon Valley Leadership Council for Global Fund for Children.
In addition, he helped start up The Alumni Entrepreneur’s Fund (AEF) that helps Princeton alumni entrepreneurs kick start a start-up company. Along with serving his community, the employees also receive his service as a manager. With over 2,500 employees, Fortress has seen great ratings from their workers. They love to be challenged and in return, it shows in their performance when interacting with the clients. Also, they are given many opportunities to grow and expand within the company or to be qualified for another position elsewhere.
Equities First Holdings is a worldwide lender and a pioneer in option shareholder financing solutions. The company is witnessing more traction in stock-based & margin loans within a monetary atmosphere where banks and different organizations have fixed loaning criteria. For borrowers who need to raise capital rapidly or who may not fit the bill for more ordinary credit-based advances, equities loaning is getting more popular as an option.
While a few choices still exist for these people, as of late, many banks have cut their loaning alternatives for borrowers, fixed advance capabilities, and expanded interest costs. Al Christy, Jr., the founder & CEO of Equities First Holdings, sees credits collateralized by stocks as an inventive borrowing option for people looking for working capital. Stock-based credits ordinarily have a greater loan to value proportion as compared to margin advances and offer a settled loan cost, giving sureness for the duration that the transaction takes place.
“Amid an ordinary three-year advance term, fluctuation of market is unavoidable, however stock-based credits give a hedge in light of the fact that the borrower is bringing down his or her risks of investments into a downside market,” said Christy. “Many of the stock-based advances entail a non-resource feature that permits borrowers to leave their stock loans anytime, regardless of the possibility that the stock’s value may deteriorate. The borrower can keep the underlying credit procedures with no further commitment to the bank.”
As Christy noted, some take margin credits & stock-based advances to be synonymous. Albeit, both types of financing use securities for guarantee, there are checked contrasts. With an edge advance, the borrower must be pre-qualified, as with a routine bank credit, and may require the cash to be utilized for a particular reason. The financing costs are variable and the borrower can anticipate the loan to value proportions of between 10 and 50 percent. More so, the loaning organization can liquidate the borrower’s security without notice in case of a margin call.
Equities First Holdings provides alternative shareholder financing solutions to customers. The current economic environment is worrying, and banks and other financial firms are tightening their lending requirements. Such are the concerns that Equities First has seen more so in the margin loans and stock-based loans; hence, its decision to offer alternative financing options. They serve borrowers who want loans but cannot access them through the traditional credit facilities.
Why Choose Equities First
In recent times, many financial institutions have reduced their lending options and made the loan application criteria unbearable. However, in the wake of all this, Equities First has seen the gap and is now offering alternative lending solutions to the masses.
Consider a loan with a three-year term; it must succumb to market fluctuations. Nonetheless, the stock-based loans provide a shelter because the borrower can reduce their investment risk in the market. Most of the stock-based loans have a non-recourse element that enables a borrower to abandon a stock loan regardless of a drop in its value. They can keep the initial proceeds from the loan free from and lender obligations.
All types of financial transactions bear some risks; however, many people have for a long time ignored the stock-based loans and a good option to borrowing. Such could be because some unscrupulous individuals have abandoned the borrower’s collateral in an open industry and refused to return stocks once the transaction matures.
Thankfully, the case is different with Equities First; the firm operates on high-level business ethics and transparency. The company seeks adequate advice from credible regulatory, trading and legal institutions with the aim of providing value-added services with lower risks for all clients.
More Information on Equities First
Equities First is a renowned company that offers clients alternative financing options since its establishment in 2002. Additionally, the firm supplies capital against the publicly traded stock to enable customers to meet their professional and individual needs. Equities First Holdings also offers capital against shares that trade on public exchanges around the world. Up to now, the company has completed more than 650 transactions to a tune of $ 1.4 billion to give customers value-added advantage. The firm has an international network and has offices in nine countries. Equities First subsidiary offices are based in Hong Kong, Singapore, and London.
Equities First Holdings is one of the international lenders and also a leader in the alternative shareholder financing solutions. Just recently, the company announced that it had observed more transaction in stock-based loans and margin loans in the economic environment where the banks and all other institutions have chosen to tighten their lending criteria. If you are a lender who needs to increase capital fast or maybe you are not qualified for the conventional credit based loan, the equities are now becoming the best alternative.
Although several options exist for these clients, most of the banks have decided to cut the lending options to the borrowers, increased the interest rates and tightened the loan qualifications in the recent past. The CEO and founder of EFH, Al Christy, recently noticed that loans collateralized by stocks to be the best innovative borrowing alternative, especially for people who need working capital. According to the CEO, the stock-based loans have proved to have a better loan to value ratio compared to the rest. These type of loans offer clients fixed interest rates and certainty throughout the transaction life.
With the standard three year term, it is impossible to avoid market fluctuations. The stock loans offer the perfect solution because the lender is usually lowering their investment risk in the downside market. According to Christy, the stock-based loans mostly have a non-recourse feature, and it allows the individuals borrowing to walk away from the loan whenever they want, even in cases where the stock value has depreciated. It is possible for the borrower to keep the first proceeds from the loan without any special obligations to the lender.
Equity First Holdings was founded in the year 2002. Since then, it has worked tirelessly to offer their customers alternative financing solutions. The company also helps supply capital against the publicly traded stock to make sure that the client can meet all their professional and personal goals. The company provides capital against the shares traded on the public and exchanged in different parts of the globe. Since its formation, the institution has completed over six hundred and fifty transactions that are worth almost two billion. The company has changed the lives of many people by offering loans at low fixed interest rates.
Madison Street Capital’s Chief Operating Officer and co-founder, Anthony Marsala, was recognized by National Association of Certified Valuators and Analysts (NACVA) as a leader in the hedge fund industry. NACVA annually recognizes young and distinguished leaders in its 40 Under Forty Awards. The awards honor leaders who have made great strides and contributions in areas like financial forensics, business valuation, expert witness protection, M&A and litigation consulting. All forty honorees were chosen by CTI’s (Consultants Training Institute) and NACVA’s Executive Staff.
The judging panel revealed that the 2015 candidates’ pool was composed of impressive professionals which made the decision making process quite difficult. The two professional bodies (NACVA and CTI) are founded on qualities like industry excellence, quality and a spirit of visionary leadership that surpasses all expectations in the fields of financial consultancy and accounting. It recognizes accomplished leaders in the industry regardless of their professional affiliation with either of the two bodies.
Importance of the Awards
The 40 Under Forty Program recognizes accomplished leaders and gives them a national platform to offer their insight and contribution to coming generations of mavericks. Recognizing the hard work of these professionals allows others to work harder and achieve the same recognition. This motivation is important because it fosters pioneers. This propels the industry forward and offers clients top notch services.
The COO and Executive VP of CTI and NACVA, Brien K. Jones, stated that the bodies are always looking for the best in the industry. All 2015 honorees were carefully shortlisted from a list of 125 nominees. Anthony Marsala has specialized in business valuation and Corporate Finance. His primary focus throughout his 13 year career has been mid-market companies and startup ventures.
Madison Street Capital
Madison Street Capital is highly dedicated to excellence, service delivery, integrity and professionalism. It is a globally recognized investment banking firm with offices in three continents. It serves clients in Africa from its Accra, Ghana, offices, Asia from its Haryana, India, offices and North America from its offices in Chicago, Illinois. It offers several vital financial services to clients including M&A expertise, corporate advisory services, valuations and financial opinions. It serves private institutions and public corporations. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=116516616
The company employs professional staff who are well versed in modern financial matters and strategies. They offer much needed financial advisory services to clients ensuring optimal outcomes. Madison insists on learning about the business operations of its clients. This allows them to get valuable insight into the business and enables them find areas that ought to be improved. It is difficult to offer a solution without understanding where the problem lies. Madison Street Capital is headed by Charles Botchway. It was established in 2011 as a boutique firm offering financial advisory services. It has since grown into a globally recognized firm.
If you are looking to expand your financial portfolio and invest with a knowledgeable firm, then partnering with Laidlaw & Company should be considered. Laidlaw & Company offers a vast number of services for their clients in the area of investment banking and also wealth management. They have an expanded network throughout the United States and also the United Kingdom. Laidlaw specializes in helping individuals, governmental agencies and corporations acquire financing from a number of sources. Their knowledgeable team can connect those who are looking to invest with those who may need capital for long-term growth. The capital can be acquired from a variety of sources according to PR Newswire such as the stock market and also individual investors. They can also help growing organizations prioritize their goals and help with common objectives such as mergers and acquisitions. The professions at the company can help any organization with long and short term financial planning.
Since this company is one of the best in the industry according to brokercheck.com, it attracts some of the best talent throughout the country. These professionals provide comprehensive advisory solutions to all of its clients and can help a financially crippled company thrive. If you are looking for a company that has the expertise of a large investment bank but the individualize support of a small one, then Laidlaw may be the investment bank to consider.