When a company acquires another company for slightly above three billion dollars and threatens to stop an international event like the 2010 winter Olympic games then that company must be really big. This is the story of Fortress Investment group that hit headlines on the 9th of February, 2007 when it became the first in a league of private equity firm to be publicly traded in the New York Stock Exchange.

Fortress Investment Group better known as FIG among the investment circles boosts of a seventy billion dollars portfolio. This portfolio ranges from alternative assets, liquid hedge funds, credit funds and even in the railroad industry. FIG has its hands in investment management and in the assets management in the traditional sense. This portfolio has seen the company rise to a worth of slightly above three and half billion dollars.

The investment group was founded around 20 years ago in 1998 by three investment gurus. The three men included; Randal A.Nardone who is the current CEO, Wesley R. Edens, and Rob Kauffman. The three men have led the group into a path of success that it was named the Hedge fund of the year in 2014 by Institutional Investors. Fortress Investment Group has since added Peter L. Briger into the hierarchy acting as the principal and co-chairman of the board.

The acquisition of Fortress Investment Group by Softbank Group for a tune of 3.3 billion dollars means that the bank has acquired total control of the group. The deal gives Softbank group the control of assets and portfolios of over 1750 organizations, real estate, together with private equity and account receivables owned previously by Fortress Group. The agreement between the two firms is that the investment group will remain independent but under the umbrella of the bank. SoftBank Group Completes Acquisition of Fortress Investment Group

Softbank group has also acquired all the subsidiaries of Fortress Investment which include Newcastle Investment Corporation, New Senior Investment Group among others. This acquisition will also mean that the bank will acquire the British Columbia ski that caused quite a stir in the 2010 winter Olympics held in Vancouver. Fortress pays $66M for SuperValu distribution center in Pompano Beach

Fortress Investment was at the center of headlines when it came it to the limelight that it owned one of the skies that were to be used in the winter Olympic games.

Fortress Olympic is the whale of the investment ocean and the acquisition by Softbank group is just another chapter in the success story of the investment group. Hidden Fortress: Behind SoftBank’s $3.3B buy of the asset manager