Equity firms don’t always experience tremendous longevity in the financial world. The Fortress Investment Group certainly can point to its longevity. The firm has been in operation for two decades. During that time period, Fortress garnered a name for itself as an innovative firm. Fortress definitely made news over the years. Most recently, the firm gained headlines from a $2 billion fundraising endeavor. The prospective venture involves the Fortress Investment Group entering into the realm of corporate lending. Fortress wishes to raise the $2 billion in order to create a fund for direct lending. If successful, the fund would become the first one focused exclusively on direct lending. $3 billion won’t be the only amount of money the company seeks to raise.
The company currently runs a credit opportunities fund. Fortress wishes to raise another $5 billion to power this fund. Enterprises capable of putting together funds with billions of dollars in them certainly draw attention. An incredible level of expertise managerial skill becomes necessary to carry out such ventures. Again, with two decades in the financial industry, the Fortress Investment Group long established its competency in fiscal endeavors. The sheer volume of assets overseen by the Fortress Investment Group tops out at $43 billion. That incredibly high number could grow to even loftier heights.
If the company raises the $2 billion and the fund turns out a successful firm, Fortress may top previous impressive achievements. Fortress recently made decisions to put key people into critical managerial positions. A company relies on the right managers and executives to attain success. Fortress clearly has a track record for putting the right people into the right jobs. The enterprise would amass $43 billion in managed assets without such key people in the right position.The next two decades of Fortress’ existence surely will be newsworthy as well. The direct lending fund may be the start of an intriguing new era. Click here.