Operations management is no mean task. This means that you take over the operations of an organization and redesign its operations and streamline them to fit the current market requirements ensuring that an organization remains functional and profitable. This has been one of the key areas that Fortress investment group has developed tools in. The group led its Co-CEO Peter Briger has been very focused on improving its operation management capabilities as its operations in asset management involve a lot of this aspect. Softbank Group recently acquired the Fortress investment group currently overseeing an estimated forty billion in assets as of 2018 for a whopping 3.3 billion dollars.This was a culmination of events that began in 2017 and had been waiting for the various regulatory approvals that included federal and shareholder approvals.
In July 2017 the shareholders approved this request, and the deal came to pass which meant the Fortress Investment Group or FIG as listed on the exchange was back to private hands.This came at a time when there was a general decrease in private equity inflows, and it meant that only a focused investment bank like Softbank would be able to help drive its ambitious expansion plans. The group had been concentrating on various investments that had been quite promising this included the Brightline train services which recently opened the Miami Fort Lauderdale passenger train service. Railroad has been of keen interest to Fortress investment group as it has been seeing growth as commuters look for new ways to cut down on time spent traveling. This route is notorious for traffic, especially at rush hour when a thirty-hour drive can easily turn into a two-hour ordeal not even counting events or accidents.
These are some of the investments that fortress was keen on continuing and as such had to ensure that they had sufficient backing in terms of capital. Under the leadership of Peter L. Briger, Jr who is the Principal and Co-Chief Executive Officer heading the San Francisco offices, Wesley R. Edens a Co-Founder, Principal and Co-Chief Executive Officer heading the New York office and his other partner Randal A. Nardone the group has shown some solid returns. The acquisition by Softbank did not come with a change of leadership , but instead strengthened their positions as they work towards the expansion of the group. The group continues its commitment to growing its expertise and asset portfolio even as it goes back to being a private entity. Learn More.