An Innovative Firm – Fortress Investment Group

Fortress Investment Group LLC is an investment management firm that manages assets in various types of funds, such as private equity fund for example. Its staff are very experiences and specialized in various investment strategies, and supports over 1,500 institutional investors and private clients around the world. Fortress Investment Group works diligently to find the best opportunities for their investors.

Partnership with iPass

Fortress Investment Group recently partnered with iPass, the world’s largest Wi-Fi network. This allows the investors to have secure access to investments in iPass. The amount of funding equaled to $20 million. Garry Griffiths is the CEO and President of iPass, and is glad that their financial sheets are flourishing, as this will allow them to focus more on growing their revenue and closing the gap to profitability. iPass used their patents as the security to the funded loan, and hope its credibility will prove to their clients that their iPass SmartConnect and Veri-Fi products are powerful. iPass allows customers and businesses to access millions of Wi-Fi hotspots to are always on. With the partnership with Fortress, iPass also received $10 million.

Private Train to cut on Traffic Time

Wes Edens is the Co-Founder and Co-Chair of Fortress Investment Group, and has started the United States’s first private intercity passenger railroad in Florida. Brightline is the name of the train line and provides another mode of transportation between Miami and Fort Lauderdale. The company owned train will provide riders with free Wi-Fi, power outlets, USB ports, and leather seats. The group also plans on expanding the line to other major US cities in the near future.

A Financial Force

Since its founding back in 1998, Fortress Investment Group has been a trailblazer as a private equity firm. The firm has control over $43 billion worth of assets in private equity, permanent capital vehicles, and hedge funds. The company takes high risks, which leads to greater returns over the long term. It is able to succeed because it follows a few core specializations: asset-based investing, operations management, corporate mergers and acquisitions, capital markets, and sector-specific knowledge of companies and institutions. Today, the firm has a great track record of managing investment portfolios with their wide knowledge of various industries.

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