It is 2018 and the company known as Fortress Investment Group has gathered some funds together as a desire to soon assist the owners of SoftBank Group Corp. For Fortress Investment Group this will be a big step up as this is there move into the field of corporate lending as a help out they people that they know and are familiar with in SoftBank Group Corp. This is all under the leadership of Peter Briger.
Unidentified sources within Fortress Investment Group are saying that their goal for their first corporate lending endeavor is to raise over 2 billion dollars. The form of lending that they will be conducting under with SoftBank Group Corp is what is called direct lending which their first fund will be dedicated to. Their target is also for a flagship created opportunity fund with the aim of trying to raise 5 billion for it which would be its fifth and they desire a recreations of a fund that they previously had is in 2015 for another 5 billion dollars. The representative that was spoken to declined to comment on these however.
In the previous year SoftBank received a 3.3 billion dollar deal from Fortress Investment Group allowing it to be the first private equity firm to delist this amount of money as Fortress moved into what they consider greater level of success in their company. In charge of everything and where the credit is due and the co-chief executive officer is Peter Briger and the managing partners Josh Pack and Andrew McKnight who were recently promoted are putting forth new ideas and work ethic that is changing the face of Fortress Investment Group.
While Fortress Investment Group is a juggernaut in handling their clients money, they’re also good at taking care of their own people as Joel Holsinger was allowed to take some time for a sabbatical and get his needed rest from all his successful work. The constant efforts as an important figure in the management committee he needed an adequate time off.
Fortress Investment Group is in a good space because as the years go by tougher regulations are holding back bank’s ability to be more fluid with the money that they receive and investing so people are taking their money to the private firms instead. Under the work of Peter Briger Fortress has also developed a strategy for a special fund for various endeavor helping company’s and individuals make their next moves and under Peter Briger leadership it is all very likely to be successful. Fortress Executives to Cash In $1.39 Billion From SoftBank Sale