Fortress Investment Group is a global investment management firm based in New York City, founded in 1998 by Wes Edens, Randal Nardone, and Rob Kauffman. Initially established as a private equity firm, Fortress focuses on asset-based investing, managing approximately $48.0 billion in assets as of December 2023. The firm specializes in private equity, credit, real estate, and hedge funds, employing over 200 investment professionals to deliver superior risk-adjusted returns. Fortress has a rich history, becoming the first U.S. private equity firm to go public in 2007 and later being acquired by SoftBank Group in 2017. In 2023, it launched a $6 billion litigation financing fund, further expanding its credit strategies. The firm serves institutional investors, pension funds, and high-net-worth individuals, emphasizing long-term value creation through disciplined investing and operational improvements.