Fortress Investment Group, a global investment management firm headquartered in New York, has recently raised $9.3 billion to acquire Morrisons. Fortress Investment Group is one of the world’s largest private equity investors and manages funds on behalf of over 1,700 institutional clients around the world. Fortress’ latest news comes as no surprise as Fortress continues to expand its business into new markets.
Fortress Investment Group’s acquisition of Morrisons will provide Fortress with a strong foothold in the UK, where Fortress has been recruiting top talent to expand their business. Fortress’ recent news is just one example that Fortress continues to be a leader in alternative investments and remains at the forefront of financial services industry trends. The deal is a big win for Fortress from New York to the world.
The group invests globally across multiple market segments including, private equity, permanent capital vehicles, hedge funds, credit investments, structured products, and real estate opportunities, just to name a few. The management of Fortress highly believes in diversification.
Fortress Investment Group has continued to operate under cooperation with SoftBank since 2017, where Fortress has retained it’ autonomy. The recent announcement regarding this agreement stated that “Softbank will invest $300 million into Fortress’s private equity business which includes Blackstone Alternative Asset Management along with other entities associated with the company. The remaining balance will be used towards debt financing”. These new agreements have allowed both companies to expand their businesses globally while continuing operations independently.
Upon hearing this news, Wes Edens, the founder of Fortress Investment Group, stated, “We are excited about the prospects presented by this investment.” This statement clearly demonstrates how Fortress remains at the forefront of industry trends and continue expanding their opportunities within alternative investments.
Fortress has also raised $12 billion for its newest fund, which will primarily focus on long-term private equity opportunities in Europe, Asia Pacific, and North America, along with substantial co-investment commitments alongside leading institutional partners.