Fortress Investment Group Has Been A Force Of Innovation

It’s fair to say that the Fortress Investment Group is a trendsetter and is a force of innovation. The company was formed as a private equity firm back in 1998, but since then it has grown to become a well-respected alternative asset management companies.Fortress Investment Group manages over $30 billion of assets for over 1,000 investors in hedge funds, private equity and permanent capital vehicles. The firm’s three principals are Peter Briger, Randal Nardone from New York and Wes Edens, also based in New York.

The Firm’s Founding

The three principals previously mentioned founded the Fortress Investment Group. Edens, Nardone and Kauffman (who retired six years ago) had extensive financial experience from their time at companies such as UBS, Goldman Sachs, Lehman Brothers and BlackRock Financial Management. The first investment vehicle the company launched was called the Fortress Investment Fund I. This fund quickly grew, and some of the firms earliest investments were in the Toronto and New York real estate markets. Eventually the firm expanded into hedge funds as well as debt securities.

Highlights

Within 10 years of its founding, Fortress decided to launch its Initial Public Offering. In 2006, the company had already grew and expanded and launched Fortress Investment Fund II, II and IV. A little after its IPO, the firm made the decision to increase their investment vehicles.About eight years ago, the firm acquired American general Financial Services, whose name was changed to Springleaf Financial Services. The value of it increased by over 20 times its original value. Today, it’s valued at over three-million dollars.

Acquisition By Softbank

The Fortress Investment Group was the first company of its kind to go public. Ten years after doing so, the company was bought by the SoftBank Group Corporation. The company bought Fortress Investment Group for just over three-billion dollars. After the acquisition, Edens, Briger and Nardone remained at the company.

Fortress’ Current Operations

Fast forward to present day, Fortress’ current operations are divided up into three different categories. This includes permanent capital vehicles, credit and private equity.Those who may be interested in the services provided by Fortress are free to visit the firm’s official website. They can also contact them at their headquarters or one of their other offices via the phone.

Luiz Carlos Trabuco Cappi Sees Technological Literacy, Strong Consumption, As Keystones Of Economy

Luiz Carlos Trabuco Cappi has been a frequent driver of news in the Brazilian finance sector over the last few years. After having orchestrated the single largest acquisition in Brazilian business history, the 67 year old CEO of Bradesco, one of the largest banks in Brazil, has again grabbed the spotlight as part of ongoing management changes at his longtime workplace.

Trabuco Cappi will step down from his role as CEO and will replace outgoing chairman of the board Lazaro Brandao within the next couple of weeks. Rather than running the daily operations of the firm, in his new role, Trabuco Cappi will have more time to focus on broad strategy and long-term goals.

Technological illiteracy is a major hurdle, but it is also surmountable

Throughout his long career with Bradesco, Trabuco Cappi has always been one of the bank’s most vocal proponents of the early adoption of technology. Together with Lazaro Brandao, currently 91 years old, the two men made an unlikely duo in the proselytizing of the board and the firm’s leadership in the many benefits of technology.

Both Trabuco Cappi and Brandao were some of the first people in the country to recognize the potential that the internet gave to banks. In fact, under Brandao’s watch, Bradesco was one of the first banks in the world to implement a fully functional online banking interface, way back in the late 1990s.

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Trabuco Cappi has proven that he is equally bullish on technology of all types. This is not just true in terms of what he believes it can accomplish for his bank but also what it can do for the country of Brazil as a whole. Trabuco Cappi recently cited that more than 13 million of the bank’s 27 million customers had no access to the internet and were, for all practical purposes, technologically illiterate. While this pronouncement may have seemed harsh, it is spoken by a man who has perhaps done more than any other businessman in the country to bring the power of modern connectivity to the masses.

According to valor.com.br, Trabuco Cappi has identified the inability to use technology, either due to lack of knowledge or lack of resources, as a major challenge to both Bradesco and the country as a whole. While neither he nor Brandao came out and said it, there has been widespread speculation that the bank may be planning some kind of major intervention on behalf of those 13 million customers that do not have regular access to internet banking facilities or the web itself.

Trabuco Cappi also stated that he believes that Brazil, even with all of its chaotic political woes, continues to be an attractive investment for foreign capital. He pointed to increased investment across nearly all sectors of the economy. The Brazilian economy, Trabuco Cappi stated, has come mostly unglued from the political process. In this context, he deems this detachment of politics from the economy as a largely good thing. It means that the corruption and incompetence of the Brazilian political class cannot derail the incredible strides that company’s like Bradesco and other major players are making throughout the country, building a better future for all Brazilians and rapidly accelerating the country towards a genuinely first-world economy.

Brandao will be stepping down for the last time

For his part, Lazaro Brandao, the 91 year old chairman of the board of Bradesco, who Trabuco Cappi will be replacing, will not be taking another role with the firm. This marks the end of an incredible, productive 75-year career, over which the bank experienced some of the most spectacular growth of any company in Brazilian history.

Learn more about Luiz Carlos Trabuco Cappi: https://www.brasil247.com/pt/247/economia/321809/Trabuco-assumirá-presidência-do-conselho-do-Bradesco.htm