How Fortress Investment Group Came to Recruit Briger.

Fortress Investment Group is a company that has led the investment industry for many decades since its foundation. It was formed by its three founders who had the intention of inventing an exceptional kind of company that would aid in consolidating investment funds from private equity and then reinvesting it in cutting edge asset strategies. This was meant to enable the company to generate cash flow that was long-term. Fortress Group was then started with private equity as the only strategy that the firm managed. Success followed the company immediately after foundation, with the value of its assets under management skyrocketing within a short period. However, the founders of Fortress Investment Group felt that the growth of the company at that time was not yet high enough.

They held numerous board meetings trying to figure out how they could improve the growth rate.The ultimate solution that they got from their brainstorming sessions was to diversify their portfolio under management.However, they had a challenge; they didn’t have enough expertise to manage the some of the asset strategies that they wished to incorporate into their existing portfolio.This is how they came up with the idea that would later come to turn the tables for the company. In 2002, Fortress Investment Group hired Peter Briger, who had a long working experience from Goldman Sachs Bank. Briger’s main area of specialization was in the management of credit funds, hedge funds, real estate and distressed debts. With all this expertise, Fortress Investment Group had a jackpot on board.

The extensive knowledge possessed by Briger was not only from the bank experience but also numerous pieces of training that he had undergone while still working for Goldman Sachs.Things started taking a new direction for Fortress Group immediately after having Peter on board. The first impact that the company experienced was the transition from being an “equity-only” firm and now began managing other investment strategies for its clients, e.g., real estate, liquid markets, hedge funds and traditional asset management. This saw Fortress Investment Group’s asset portfolio shoot in value, something that left many tongues wagging.

Wes Edens: Charting A Course For E-Sports

Wes Edens has shown a consistent ability to leverage every platform that has been made available to him. This is a talent that he has demonstrated ever since he graduated from Oregon State University back in 1984.He has made his way through the ranks and got his start at the famed Lehman Brothers firm, where he would eventually become a managing director and a partner. After spending six years working with Lehman Brothers, he would then make his way to BlackRock Asset Investors. Four years later, Edens would make the move that would eventually serve as the springboard to the role that we know him best for today.

In 1998, he and four other principal partners founded Fortress Investment Group.It was at this time that he truly began to make a name for himself in this sector. As a man who believes in the power of contrarian betting, this is an ethos that he carried with him each and every step of the way. Before long, Fortress Investment Group had been built into one of the most reputable companies in its sector and the investment group would eventually be traded publicly. Wes Edens would soon use the knowledge that he gained working for Fortress Investment Group to become an NBA owner. When Herb Kohl finally decided that he was ready to sell the team to the highest bidder, Wes Edens and Marc Lasry submitted the winning bid. It did not take long for the duo to see a major return on their investment.

The franchise, which was valued at $550 million when the men decided to make their purchase, is now worth over $1 billion.Now, Wes Edens is looking to make inroads in a different area of the sporting world. He is already making a splash in the e-sports area.After purchasing his own League of Legends team in hopes of taking advantage of this brave new world, Wes Edens then decided to purchase an entire league for his team to compete in. Once the NBA elected to start their own NBA 2K league for professional console gaming, Wed Edens was one of the first owners to make a significant financial pledge.With the NBA poised to make a major splash in the world of professional gaming, Edens is making a massive bet as well. If his track record of continued success is any indication, he will experience the same return on his investment that he has been able to enjoy at every other location.

Randal Nardone-Working Behind the Scenes

Randal Nardone is one silent builder. For a long time, Nardone has been the glue that has held the Fortress Investment Group all along, helping individuals like Wesley Edens, Peter Briger, Douglas Jacobs, Gordon Runte, Daniel Bass, and David Brooks take the company to the other level.It is in 1998 that Nardone helped his peers create the Fortress Investment Group, an institution that has fascinated the world since day one. Since 1998, Nardone has served as the Principal of Fortress. However, it is in 2013 that Randal Nardone assumed the role of CEO, a position that has since helped him make a mark in the company he helped establish.Presently, Nardone is also the Principal of the Fortress Credit Corporation, an organization with close ties to the Fortress Investment Group.

Randal is also the president and chairman of the Springleaf Financial Holdings LLC., the vice president and secretary of the Newcastle Investment Holdings LLC., and the president of Ncs 1 LLC.To say the least, Nardone is a highly accomplished person. Randal gets celebrated as one of the men who helped create the Fortress Investment Fund IV, L.P. and the Fortress Investment Fund V, L.P., corporations’ where he serves as the COO, CEO, and Principal. Additionally, Randal works at the Fortress Credit Corporation, and the Fortress Registered Investment Trust.Prior to his arrival at Fortress, Randal Nardone worked for companies like the RIC Coinvestment Fund LP., the Newcastle Investment Corp., IMPAC Commercial Holdings, UBS, BlackRock Financial Management, Thacher Proffitt & Wood, the Florida East Coast Holdings Corp, Alea Group Holdings Bermuda Ltd., and the Eurocastle Investment Limited.

Mr. Nardone has also worked for the OneMain Holdings, the Fortress Transportation and Infrastructure Investors LLC, Mapeley Limited, New Media Investment Group Inc., GAGFAH S.A., Brookdale Senior Living Inc., doBank S.p.A., Aircastle Limited, and the SeaCube Container Leasing Ltd.For sure, the alumnus of the Boston University School and the University of Connecticut has made his country proud all thanks to his outstanding working record.Today, Randal Nardone is one of the wealthiest men in the world. At the age of fifty-one, Nardone occupies a special space on the Forbes Billionaire list, with his being position five hundred and fifty-seven. In a nutshell, Randal has been nothing short of spectacular. It is beyond the shadow of a doubt that Nardone is a superhuman since he has been able to take countless roles in such a short span of time.

Highland Capital Management Experiences Continued Success in the Healthcare Sector

The South Korea National Pension Service became the anchor investor of a recently closed private equity fund based around healthcare. The fund was created by the SEC-registered, Dallas-based investment firm Highland Capital Management Ltd. Highland Capital Management has extensive investment experience spanning over 30 years. The investment firm managed to secure $147 million in capital before announcing the fund’s strong closing.


Korean venture capital and private equity firm Stonebridge Capital will co-manage the fund with Highland Capital. Stonebridge Capital manages a total of 10 funds to meet the goals of realized growth within targeted time frames. The fund will focus on investing in middle market North American companies. Highland Capital’s small cap equity fund is comprised of $55 million. However, the firm itself manages a total of $15.4 billion. It should come as no surprise that the firm has created a fund centered around healthcare. The firm’s main industry exposure comes from the healthcare sector; Highland Capital’s expertise lies in healthcare.


Highland Capital Management managed to generate a 32% return for investors last year. The firm focuses on credit strategies, long-only funds, and credit hedge funds as well as CLOs and special-situation private equity. The firm was founded by Mark Okada and James Dondero. Okada’s focus lies in investment strategies for the company. Co-founder Dondero has expertise in credit and equity markets. He places his focal points upon distressed and high-yield investing.


The company values communities and works to make a difference by making financial donations to communities and non-profit organizations. Highland Capital Management has generously contributed $10 million to various organizations around the world since 2005. Leading by example, Dondero prioritizes investing time in his local community.