Fortress Investment Group has landed a deal with Softbank worth billions of dollars. This deal will allow for Softbank to become one of the biggest asset management companies in the world. Fortress Investment Group manages around seventy billion of dollars of assets for their clients. They primarily focus on credit, private equity and real estate. This asset management firm was created in 1998. It debuted on the New York Stock Exchange as one of the largest of its scale. It was founded by Peter Briger, Wes Edens and Randy Nardone. Visit https://www.dailyforexreport.com/fortress-investment-group-partners-ipass-20m-credit/
After Softbank’s acquisition of the firm, the asset management firm will still remain open and operate in New York City. Softbank has had their eye on this asset management due to how it is a alternative asset management company. Companies like this have great benefits for investors. Alternative asset managers tend to charge clients higher fees and have longer lasting agreements from investment backers. Revenue from companies like this has been increasing yearly. Surely, this has gotten Softbank’s attention. They made an offer of 3.3 billion dollars. Fortress Investment Group gladly accepted.
Softbank has major plans of incorporating Fortress Investment Group into their business dealings. Softbank wants to create a network of international investors. This acquisition allows for Softbank to pick up legal and back office compliance. This acquisition ultimately will lead to the company have more leverage to invest in other businesses. Softbank thinks they could double the amount of assets that Fortress currently manages. They plan to do this in just a matter of a few years. With the help of billionaires and major projects, Softbank could turn Fortress into an even more successful asset manager. Softbank’s deal with Fortress Investment Group will be one of the biggest deals for the company and they plan to have a very successful future that involves billion dollar investments.
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