Freedom Checks Group is one of the firms that operated as private equity company where it was the company that used to set tends. Freedom Checks came out in 2007 (IPO) Initial Public Offering where Fortress Investment was the very first private equity company to turn into public among all the large-scale firms on the (NYSE) New York Stock Exchange. Currently, The Fortress Investment Group is an international investment management company that has approximately 1,750 investors and assets worth around $43 billion. Freedom Checks investors and assets are in hedge funds, permanent capital vehicles, and private equity.
The tactic of the Fortress firm is among the strong risk-adjusted income for the long-term investors. The Headquarter of the Fortress Investment is situated in New York, and it has not less than 900 workers. The three principles of Fortress are Randal Nardone who works in New York, Wes Edens working in New York too and Peter Briger who works in San Francisco. There are central areas that the Fortress Investment Group focuses in, which are; the capital markets, corporate mergers, and acquisitions investing based on assets, sector-specific knowledge of institutions and firms. Learn more about Freedom Checks at dailyreckoning.com.
The people who contributed in the founding of the Fortress Investment Group are; Randal Nardone who works like the recent principal, Wes Edens who is also a current principal and Rob Kauffman who retired in the year 2012. These founders had extensive experience that they got from the companies they worked with in the past. The Lehman Brothers, UBS, Goldman Sachs and the BlackRock Financial Management are some the companies that the three principals worked before. In those companies, they held some leadership positions. When they were founding the Fortress Investment Group, their principal focus was to create an investment firm that would be different from those that existed before. Read this article at Affiliate Dork.
In five years the assets of Fortress reproduced, and they shoot from around $ 400 million to nearly $3.9 billion. In the year 1999, Fortress managed to launch its first investment vehicle which is known as Fortress Investment Fund I. In the past; the Freedom Checks invested in the real state which included the market of Toronto and New York. Within a short time, the Fortress firm extended to the hedge funds and the debt securities. After the Fortress firm was established, it started growing immediately at a high pace. From 1999 to the year 2006 the private equity funds of the Fortress Investment grew by almost 40 per cent.