The year 1998 saw a dramatic rise in the number of financial firms that are being established across the world. In the United States, the year marks the establishment of the Fortress Investment Group, one of the leading private equity firms in the United States today. The company was founded by three visionary businessmen who wanted to become successful in the financial sector. The founders – Randal Nardone, Rob Kauffman, and Wesley Edens – were all working for private financial firms when they decided to leave their companies and establish their own business, and shortly after completing all of the requirements, the Fortress Investment Group was came to be. The company is currently celebrating their 20th anniversary this year, and in two decades, the founders wanted to express their gratitude to all of the investors and its business working partners who have tirelessly worked with them to reach success.
The company reached several milestones since their foundation in 1998. In the year 2007, the company was referred by its founders to the New York Stock Exchange (NYSE). After a series of extensive research, they realized that having a debut at the stock market will help boost their performance, and the company began to promote their company as they launched their first initial public offering. In February 2007, the company debuted at the New York Stock Exchange, and $600 million worth of shares and stocks were sold to the public. The founders of the company were overwhelmed with the treatment they received from the public, and their company market value also rose.
The year after they launched the Fortress Investment Group at the New York Stock Exchange, the world plummeted into a global economic crisis. Many businesses suffered, but the Fortress Investment Group endured and developed business strategies that would help them get through the economic recession. The company was able to preserve their company value, and their assets even increased slightly. They are among the few companies that managed to pose positive growth during the economic recession, and the company was given with multiple awards after they have shown the business world how companies should behave during the times of economic recession.