Fortress investment group is a leading private equity firm, entrusted with the role of managing assets in private equity, liquid hedge fund, and credit funds. It was founded in 1st January 1998 by Peter Briger, Randal Nardone and Wes Edens who are all renowned entrepreneurs. The company started as a small private equity firm only to expand later into a global investment company with approximate $42.1 billion of assets. The assets belong to over 1, 750 institutional clients as well as private investors across the world. The Company has headquarters based in Greater New York area, East Coast and Northern US. View fortress.com to know more about Fortress Business Credit.
Fortress Investment Group established the Virgin brand during a meeting that was held last year to discuss an idea of starting a passenger railroad. The British billionaire Richard Branson decided to invest in the new project as it was of great benefit to both the people and the country. This partnership will lead to the access of many customers since the virgin group has other travel and hospitality businesses. This railroad would be the first intercity passenger train to be constructed in the U.S in a century’s time and non-government funded project. Virgin Group will also contribute some small amount to support the project. The investments for the project will be managed by affiliates of Fortress Investment Group and the executive team from Brightline Company.
Brightline is a company that currently operates passenger rail service in Florida. The company has set plans to expand the services into Orlando and Tampa. It also aims at constructing a passenger rail system that will join Las Vegas to the rail system of South California. The passenger rail service will have various benefits;
- It will be the fastest, efficient and reliable means of transport as compared to the previous rail system
- It will offer customers with first-class services, and all their needs taken into consideration.
- It will earn profit to the United States government.
This benefit has motivated Fortress Investment group to fund the Virgin brand project. This private Passenger railroad project will share tracks with the Florida East Coast Railway that’s also under fortress Investment Group management.