Fortress Investment Group
Overview
Fortress manages assets for institutional and private investors through corporate credit, asset-based finance, real estate, private equity, insurance and multi-manager strategies.[1]
Contents7 sections
Key facts
1998Formation
Fortress was founded in 1998.[2]
December 2017Theranos Loan Arrangement
Fortress arranged a $100 million loan for Theranos tied to product and operating milestones, backed by its patent portfolio and accompanied by warrants for 4% of the company. This was conditional debt financing, not proof of unconditional disbursement of the entire amount.[3]
December 27, 2017SoftBank Acquisition
SoftBankSoftBank GroupSoftBank Group (SoftBank Group Corp.) is an investment holding company headquartered in Tokyo, founded by Masayoshi Son in 1981. Starting out as a distributor of personal computer software, it moved into the internet, broadband and mobile communications, and has since become an investment group centered on AI-related assets such as Arm, the SoftBank Vision Funds and OpenAI.Open the full entry completed its $3.3 billion cash acquisition, paying $8.08 per Class A share. Fortress shares ceased trading and were to be delisted from the NYSE; the business continued operating independently with headquarters in New York.[4]
May 15, 2024Mubadala and Management Buyout
A Mubadala Capital-led consortium and Fortress management completed the purchase of SoftBank’s 90.01% interest. Afterwards the consortium held 68% and management 32%; management’s share class carried the right to appoint a board majority.[2]
June 30, 2026Assets under Management
Fortress’s website reports $55 billion in assets under management and more than 900 professionals as of June 30, 2026.[1]