Leadership Team of Fortress Investment Group After Softbank Becomes Its Parent Company

Fortress Investment Group Leaders, Wesley Edens and Randy Nardone started a small investment managing firm in 1998 with the mission of growing asset investments. Peter Briger, Jr. joined the management team in 2002 to help head the credit and real estate divisions of the business. Together the trio leadership members successfully transformed the company to one of the world’s largest alternative asset managers. Softbank, a global investment corporation in Japan contributed to its growth when Masayoshi Son acquired the firm in 2017.

Edens, Nardone, and Briger are Principles of Fortress Investment Group and continue to run day-to-day operations of offices in New York and California. Randy and Wesley established the private equity business and remain dedicated to managing its team for almost 21 years. They oversee the team managing financial services, healthcare, transportation, and energy & infrastructure investments. Peter joined the leadership team in 2002 and runs Fortress’s credit business for almost 17 years. While Softbank is the parent company, the principles keep their roles of managing private equity, permanent capital, credit private equity, and credit hedge fund assets.

Fortress Investment Group’s leaders made a commitment many years ago to maintain ethical practices and strong governance policies. All policies and procedures set by the board of directors for accountability and integrity reflect SEC guidelines and rules. Briger, Edens, and Nardone serve on the board of directors and the management committee. Peter is Co-CEO and manages the San Francisco office in California. Wesley is the Co-Chief Executive Officer of the branch in New York.

As of September 30th, 2018, Fortress Investment Group reported $42.1 billion in assets under management. In the acquisition agreement, Softbank paid $3.3 billion to buy the firm’s outstanding shares. Masayoshi Son is placing the alternative asset managers and investors at the head of rising artificial intelligence (AI) and Internet of Things (IoT) technologies. His mission is to transform Fortress while transforming Softbank into the largest international investment firm. Since 2017, Fortress experienced an increase in price of shares by 29 percent and a rise in managing private equity, credit and permanent capital assets.

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