Fortress Investment Group Sets the Investment Pace

Since its formation in 1998, Fortress Investment Group has been the leading investment manager internationally. This investment management firm was formed as a private equity firm by its founders; Wes Edens (still a principal), Rob Kauffman (retired in 2012) and Randal Nardone (principal to date).By then, Fortress was a small firm, with only 28 employees and $400 million in managed assets. However, with extensive combined experience from its founders, the company experienced rapid growth with the assets under management increasing to $3.9 billion in the first five years of its existence. This further grew to $32 billion by 2007.What brought Fortress Investment Group into the limelight of investment industry is declaring an initial public offer for its equity fund in 2007. It was the first alternative asset firm of its large magnitude do invite the public into an IPO. This move brought Fortress into the good books of the public and gained popularity.No sooner had Fortress Investment Group set the pace than all the other firms followed with the same move.

The first one was Blackstone Group, which went public four months after Fortress. Then others that followed included KKR & Co., Oaktree Capital Group, Management, Ares Management, Och-Ziff Capital Management Group, and the Apollo Global Management.The success of Fortress Investment Group has not just been achieved by luck. It’s a combination of the firm’s core competencies that have acted as pillars for its significant growth. For instance, the firm has specialized in asset-based investments. Beside credit funds and private equity, Fortress has diversified the classes of assets that it manages for its clients to include capital, real estate and other permanent investment vehicles that can generate long-term cash flow. The firm has professionals and specialists who possess extensive expertise in financing, owning, managing and pricing both financial and physical assets.

 About Fortress Group

Being a world leading investment company, Fortress has diversified its classes of assets that it manages for its customers. It has also increased its employees to over 1,100 to be able to serve the expanding client base. Due to its huge nature, the group’s operations have been currently segmented into three categories; permanent investment vehicles, credit, and private equity. Recently, the firm was acquired by the SoftBank group. However, Fortress continues to operate independently under the management of its three principals though still under SoftBank. The acquisition was “all cash” based where SoftBank paid $3.3 billion in cash.

Nick Vertucci The Real Estate Expert Just Released His Long-Awaited Book

Nick Vertucci is a real estate expert, entrepreneur, and author of his new book, “Seven Figure Decisions: Having The Balls To Succeed,” which deals with his own story about how he lost all he had and how he bounced back instead of giving up. The book has been purchased over a thousand times, and it is getting five star reviews on Amazon.

Nick recently commented on the fact that he lost everything he had built in his computer tech business and that he went on to make quite a few mistakes in real estate in the beginning, as well. He worked through his own depression and self-doubt and decided to begin training in real estate. Over time, he developed the mental fortitude and character he would need to be successful in the real estate world, and, now, he is hoping that what he shares in his book, can be of help to others who are searching for a way to succeed in real estate.

Nick Vertucci is glad to have Lioncrest Publishing carry his book that covers the basic steps he took to get to a place where he is financially free. The book is 350 pages long, and while it is a rags-to-riches story, it is also a story that illustrates how someone can fall after already having found success only to climb back and find it again. Nick Vertucci didn’t have any capital to start out with, and he had no education that would help in the real estate industry before he got started. But, as others have taken notice of, he was a success twice in two different industries. It took him a decade of learning about the real estate industry and becoming involved in it before he became the millionaire he is today.

Nick Vertucci is the founder and Chief Executive Officer of the Nick Vertucci Real Estate Academy (NVREA). At the Academy, countless people from all over the United States come to learn about how to make good money through investing in real estate. His father passed away when he was just 10 years old, and his mother struggled to make ends meet after this. Vertucci, himself, moved into his van at the age of 18 but then put together a business that focused on the sales of computer accessories. This did very well for him until the 2000 dot com crash, which caused him to lose everything, including his home.

When asked how he spends most of his days, he commented that every day is different but that he spends a lot of his time staying in touch with his teams who are usually on the move all over the United States. He also expressed the fact that he works hard to not get caught up in any kind of personal or business drama and stays focused on the task at hand.