The year of change for Fortress Investment Group to remember

SoftBank Group, one of the most reputable financial institutions in the world purchased Fortress Investment Group for $3.3 billion. Fortress is one of the world’s largest investment companies, and the deal marked one of the best moments of the investment giant in 2018. The deal added another innovative development of fortress involving its collaboration with private equity companies. The company started operating as a hedge fund in 1998 before rising to a global investment company. Fortress Investment Group made the headlines in 2007 after becoming the first privately owned equity fund to join the NYSE, New York Stock Exchange through an IPO, Initial Public Offering.

The merger between SoftBank Group closed in December 2017, but the transition took place for the better part of 2018 including the integration of Fortress’ global assets into SoftBank’s strategies. The Directors of Fortress Investment Group independently manage the company’s assets as part of the agreement between the two companies. Wes Edens and Randal Nardone operate from New York and Peter Briger from San Francisco. However, the acquisition marked the exit of Fortress from the NYSE back to its private state with the conversion of class A shares at $8.08 per share. Since the closure of the merger, SoftBank Group has started supporting various projects that Fortress had an interest with, an example being, the Vision Fund.

The Fund is investing in real estate companies specialising in construction including real estate brokers Compass, Katerra, Open Door, and WeWork. The merger between the two companies saw Fortress enter in the private credit sector by forming two real estate funds. The two will purchase real estate assets and debts as well as provide customers with direct private-equity funds. Fortress Investment Group continues to leap heavily from the merger with SoftBank Group by investing more in investment products than in the real estate sector. In May 2018, barely a year after the merger, Fortress announced that it would seek $400 million to start Patent Troll Fund. The primary objective of launching the fund is to support the companies protecting their patent portfolios. Additionally, the fund would address the legal solutions for intellectual property violation. Fortress Investment Group also seeks to raise $2 billion to start its first direct-lending fund.

Chris Burch Helps Transform the World through Business and Philanthropy

Chris Burch together with hotelier James McBride bought Nihiwatu in Indonesia from an American couple in 2012. The two then transformed the former beach hostel into a five star hotel, officially opened in 2015. In 2016, the hotel was honored as the best hotel globally by Travel + Leisure. This honor is well-deserved. The hotel is made up of 27 private villas with plunge pools. It is also home to Chis Burch’s private home, Raja Mendaka, consisting of a main house and four additional villas. The private home is also available to guests. Additionally, the resort has two tree-houses, both of which come with a bedroom, bathroom, and balcony. The main tree-house also comes with a private infinity pool and a living area. To ensure holidaymakers enjoy the best of their stay at the resort, a beach spa and wellness centers are available. One can also go surfing and book excursions to nearby waterfalls. Related article on businessinsider.com.

Chris Burch in Business

Chris Burch is a world-renowned businessman and entrepreneur who has worked in industries such as technology, fashion, and real estate. For a glimpse to his latest cool offering to the market, browse on this.

He started his career in the fashion industry when he co-founded Eagles Eye Apparel together with his brother. Since then, he has diversified his investment portfolio and moved across different markets, both in the US and across the globe. He has also worked with the likes of Ellen DeGeneres with whom he partnered with to launch the popular entertainer’s lifestyle brand, ED. He is currently working on developing other lifestyle brands. In the real estate sector, he has developed luxury homes in Florid and New York, among others. Additional article on architecturaldigest.com.

Chris Burch in Philanthropy

Not only is Chris Burch interested in business, but he also interested in philanthropy. Over the years, he has donated towards research and philanthropy causes by Mt. Sinai Hospital (New York), The Sumba Foundation, and The Child Welfare League of China, among others. Additionally, Chris has sat on the boards of The Pierre Hotel Co-op and the Rothman Institute Orthopedic Foundation.  To know his new and follow on investments, check prnewswire.com.

For more of his entrepreneurial views visit https://ideamensch.com/chris-burch/