Fortress Investment Group is one of the largest publicly traded private equity investment firm in the world. It is recognized as one of the leading figures in alternative asset management across the globe. While it is currently in a position of prominence, it is still a relatively young company. It was initially founded in 1998 with the help of 5 principal founding members. These principal founding members include current chairman and president of the Corporation Wes Edens and Pete Bridger.
The Corporation that is known as Fortress Investment Group experienced significant growth during the first decade of its business. It managed to increase its assets by almost 40% in the span of around seven years between 1999 and 2006. In 2007 with the backing of Lehman Brothers and Goldman Sachs the Corporation held its initial public offering and became publicly traded on the New York Stock Exchange. This marked the very first private equity investment firm that was publicly traded in the United States of America. Since then the corporation has gone on to grow even further. While it did experience some financial difficulty during the 2008 financial crisis, the Corporation has since gone on to become one of the world’s leading figures in alternative asset management.
Fortress Investment Group continues to play a large role in the world and has recently endorsed a potential member of Congress. This potential candidate is running on a platform that it’s in support of one of the new exciting technologies that are found in the world known as bitcoin. Bitcoin is just one of the most popular cryptocurrencies that are running off the new technology that is enabled by blockchain. During the last year, this technology has experienced explosive growth in its value, and it has captured the interest of the entire financial world. While there are new regulations that have yet to be implemented members of politics seem to be stagnant in regards to the changing world of economics and watching technology.
Democratic candidate Brian Forde hopes to change this by becoming an elected representative for the state of California. He has received a significant endorsement from members of the administrative staff of Fortress Investment Group including Pete Bridger. This potential member of Congress has garnered quite a bit of support in the popular world and has even gained significant contributions to his political campaign in the form of bitcoin’s rather than the typical paper currency. Fortress Investment Group hopes that by supporting this congressman, they will be able to take part in the new frontier of economic development that is occurring in the world of cryptocurrencies. It will pay to have invested in the early stages of the adoption of this new technology as it promises to change the very foundation of our national economic system.
Fortress Investment Group continues to function in the other spheres of influence including those of private equity investment and credit hedge funds. It currently manages over $70 billion in assets and continues to show promise of growth for the next several years.
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