One of the recent investments made by Fortress Investment is in iPass. IPass has many people around the world to access the various Wi-Fi hotspots in places such as public centers, airports, hotels, bus stops, and entertainment venues. The amount funded by Fortress Investment Group in iPass was $20 million. This investment aims to increase the number of Wi-Fi hotspots around the globe to be accessible by individuals and private companies.
Fortress Group has a unique way of expanding their investments by going public, unlike other investment companies. When investing, Fortress Investment Group does focus on the future returns for its clients. To manage the assets which are estimated to be $40 billion, Fortress Group has employed 900 staff members. In recent times, Fortress has made headlines through project news. The first being recognition from the financial industry and secondly, the rate at which its growth is impressive. View the group’s profile on Linkedin.
Another significant move made by Fortress Group is when Softbank bought assets worth billions. After this, Softbank developed a management group, Softbank Financial Services based in London and it is aimed at becoming the top in the industry. Softbank is also seeking to venture into the real estate market in New York through Fortress Investment Group. On the other hand, through this move, Fortress will be able to reach other opportunities around the globe.
Recently, All Aboard Florida, a company owned by Fortress Investment Group that provides rail services received bonds worth $2 billion. The bonds were given by the government so that they can increase their rail services in Florida. The money is to be invested in an ongoing rail project that will see people using the high-speed rail instead of their cars. This will reduce traffic and congestion, and tourists will enjoy spending around the city. This rail project is expected to be completed by 2022.
The Fortress Investment also made headlines for the new TSX Broadway Project, a skyscraper set to be at the center of Times Square. This building will include stores, retail shops, and entertainment spaces. The cost of this investment is estimated to be about $2.2 billion.
The above projects from purchase by Softbank, to All Aboard Florida rail project and the TSX Broadway skyscraper project, makes the Fortress Investment make headlines that it can penetrate an industry and succeed. It will be interesting to keep watch of other projects that they plan to venture at, in the future.