Fortress Investment Group was formed in 1998 as a private equity firm. Its founders are Randal Nardone, Wes Edens, and Rob Kauffman. It was established with an aim of offering new investment solutions as an alternative asset firm. The three principals brought in vast experience and expertise from the various previous positions in the financial sector to the management of the company.
Currently, Fortress operates as a diversified asset management firm globally. It has over 43 billion dollars’ worth of assets under its control. The firm serves about 1,750 investors in areas of private equity, hedge funds, and permanent capital vehicles. It primarily focuses on asset investments, management of operations and capital markets. It also specializes in the management of mergers and acquisitions as well as analysis of companies and institutions specific knowledge in the industry.
Fortress Investment Group had one of its major breakthroughs in 2007 through the Initial Public Offering (IPO). At this time, it ranked as the only private equity firm to feature publicly the New York Stock Exchange. It was a significant move towards its growth and development. Following this highlight, SoftBank expressed its interests in purchasing the firm which was received positively by the company’s management. SoftBank’s acquired Fortress to enhance its future goals of venturing into the alternative assets investments. The Japanese technology company bought Fortress for 3.3 billion dollars.
However, Fortress Investment Group continues its operations as an independent entity. The company will not have to be traded publicly anymore. It will also have access to a wider-range of clients and partners in Asia. SoftBank will easily blend Fortress’s institutional structure with vital investment activities such as compliance and investor relations. According to the two firms, Fortress will only work alongside the Vision Fund without any direct involvements with it. As such, the move is beneficial to both firms. The successful acquisition of Fortress pushes forward SoftBank’s plans to establish a new firm in London offering financial services. It will create job opportunities for about 1,000 people.
Fortress Investment Group head offices are located in New York. Besides the excellent leadership, Fortress also takes pride in a diverse team of over 900 employees.
Upwork is the poster child of productivity and project completion. Upwork presents simple, responsive and affordable solutions for clients to hire freelancers. Upwork has some powerful tools you can implement for productivity immediately. Roaming through your task list can kill your productivity. Here are some actionable tips from Upwork to take your work to the next level.
Write All Tasks Down
Writing down all your tasks gives your brain the luxury of forgetting it. This allows you to use your limited attention to focus on your most important task at hand. Capture everything then organize and prioritize it.
Write Your List Down The Night Before.
Plan your day the night before and decide what you will start first. Your energy is at its peak in the morning. It creates the most useful habit you can build.
How long will the task take? When will you start them? How long does each step take to complete? These are the questions you should be asking yourself. It creates a realistic view of what you can accomplish in a specified period.
Without priorities, you don’t have time. Assigning priorities allows you to use limited energy to impact your day. Priorities safeguard your time and effort regardless of interruptions.
Check your task list weekly. If you find yourself putting off a particular task, there is a good chance it is not necessary. Delete that task and move on. Less is more when productivity is on the line.
Zoom In and Out
Break down your task into small accomplishable steps with times allocated. Breaking down the tasks zooms in on the reality of the project. Timing them and adding it up, generates a big picture plan so you will not overcommit. Each completed subtask will create momentum for you.
Specify Energy Levels
Designing your day according to your energy levels allows you to arrive at a new spectrum of productivity. Assigning low, medium or high energy to your task, gives you a panoramic view of what to expect.
William Saito’s career started out with him coming up with new ideas for biometrics. He wanted to make things better for himself and for others. He knew a lot about security and knew what he wanted to do with security. For William Saito, the point of creating a positive experience for everyone in the industry as so he could show people different options. It was also so he could make sure things were as secure as possible. No matter what he had to do or where he was using the information, he could make biometrics a possibility in the industry. It was his goal to keep giving people a chance at a better experience. The changes happened when he took the time to come up with these ideas and that’s how he pushed to make things happen no matter what. By looking at all these options, William Saito could try things that were different from others.
By the time William Saito started working for the Japanese government, he already had a solid foundation in biometrics and cybersecurity. They used him as an advisor and that helped him make things easier on the people he worked with. There were times where he was able to teach people about all the options he created. It made sense for him to do it since he was the one who came up with a lot of information related to the industry. He always saw himself as an expert and other people saw him as that too.
William Saito continues working on cybersecurity and biometrics, but he knows he can do even more in his career. He wants people to see him as someone they can turn to for other needs. He also wants to make sure he can help people have a strong understanding of the things they can get from different situations. For William Saito, the point of doing this wasn’t to get famous. Instead, it was to help people build a connection with the way cybersecurity played a part in their lives. He wanted it to become a widespread idea of helping other people.
Madison Street Capital has teamed up with Infiniti HR. Infiniti HR was founded in 2008 and has headquarters in Burtonsville, Maryland. They offer HR and business process solutions to small and medium businesses. They help these businesses focus more on the core operations instead of the things surrounding it. The CEO of Madison Street Capital, Charles Botchway, was the one that announced the partnership and it will be lead by the Senior Managing Director, Barry Petersen.
The company will be giving capital of $4.3 million to Infiniti HR. This is such a huge thing because the CEO of Infiniti, Scott Smrkovski, hassaid that capital was pretty much the only thing keeping them from taking the business to the next level. The capital was arranged through Oak Street Funding and the President and CEO, Rick Dennen, knows all about Infiniti HR and Madison Street Capital. Because of this, they are extremely excited to be working with both companies.
All the higher ups from each company believe that the partnership is a fantastic move. Each company has members that have specific expertise and combining them can only make things better. They also believe they have all of the things needed for a perfect partnership. They expect all companies to continue growing and be able to have an increase in revenue over the next few years. They also hope to change the way lenders look at small and medium sized businesses since most of them don’t want to deal with these companies. They hope they can show that these companies can bring just as much back as bigger companies and lenders should be willing to take a chance.
Another reason why this partnership is such a great thing is because small and medium sized businesses often don’t have what they need to continue growing. They don’t have the amount of capital required to make the improvements and moves needed. Another issue is that many places aren’t willing to put a lot of capital into small or medium sized companies because they don’t know what will happen. They think that all of the money should go to the big businesses that will be able to have a return on the investment and give the money back. This will often result in the small and medium companies going out of business and just not making it because the big businesses are getting all the money.
The world of fintech has often tried to focus on radically reshaping the way that banks and other participants in the financial sector do business. This has had generally poor results, with some of the largest fintech companies, like OnDeck and Lending Club, turning out to be colossal failures.
But one company, GreenSky Credit, has taken a far less revolutionary approach. The company was founded in 2006 by serial entrepreneur David Zalik. Rather than seeking to overturn the fundamental nature of lending, GreenSky Credit has instead focused on working within the established system and using its long-mature business model to create value in new places.
Zalik founded GreenSky Credit when he realized that many home improvement customers were unable to complete the renovation projects they started. This was happening as a result of many homeowners simply not being able to accurately estimate the final costs for these projects. Zalik immediately recognized that most of the projects that were in the high-five-figure to six-figure range were being carried out by people who were, in all likelihood, prime borrowers. He knew that if he could create a platform that would allow for instantly approved loans at the point of sale that he could probably generate billions of dollars in additional business for banks, contractors and home improvement companies.
This initial concept for GreenSky Credit would prove to be a home run. Today, the company has more than 650 employees and originates around $4 billion each year in new loans. Because the average GreenSky Credit customer has aFICO score of 760, the loans that can be instantly made often have incredibly good terms. Most of the loans that the company originates require no payment or interest for the first year and have no prepayment penalty. The vast majority of GreenSky Credit customers end up paying back the entire loan before interest rates kick in.
At the same time, lenders ranging from Fifth Third Bancorp to Regions Bank have benefitted enormously from getting a large number of prime-borrower loans on their books. And the contractors themselves may be the biggest winners. They enjoy billions of dollars in additional work that would otherwise not have materialized.