Growth and development are two things which any company in any would want to continue striving towards. This is definitely a key aspect of the business strategy for Fortress Investment Group, which began as a hedge fund in 1998. The firm eventually grew into a global investor and financier. In 2007, Fortress Investment Group moved forward with an initial public offering (IPO) on the New York Stock Exchange (NYSE). In 2018 Fortress made several key moves to expand the investment firm into new areas of business.
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One of the most significant purchases Fortress made was the purchase of SoftBank in December of 2017. As a result, 2018 saw Fortress Investment Group integrate its $40 billion in worldwide assets into the global strategies employed by SoftBank, which focuses on financing various information technology ventures and projects. SoftBank has stakes in various major technology firms such as Uber and Alibaba. SoftBank’s Vision Fund provides financing for various types of incubation stage technology ventures, including robotics, artificial intelligence, renewable energy and the Internet of Things (IoT).
High profile real estate
Fortress Investment Group has now started to leverage SoftBank’s array of tech startups by integrating Fortress’s experience and interest in real estate. SoftBank’s Vision Fund has started to invest heavily in startups which are related to real estate. For example, the Vision Fund has invested in companies such as, real estate brokers OpenDoor and Compass, construction firm Katerra and co-working space WeWork.
The purchase of SoftBank has led to one notable high profile real estate project, the TSX Broadway development project. The $2.5 billion project, which was announced in 2018, is a major development within New York’s Time Square. The real estate project is aiming to be a major traditional and hotel entertainment development in one of the most famous places in the world. It is also expected to become a world-class retail space. Read: https://www.wsj.com/articles/wesley-edens-is-an-investor-with-an-affinity-for-the-underdog-1532111122