Fortress Investment Group Funds The Next Surge In Public Wi-Fi Availability
Fortress Investment Group is known around the world as a leader in investment management. The company currently has almost 2,000 clients and over $40,000,000 under their managerial control. This is an astounding feat for a company that has been in business for just over twenty years. This growth, however, is sure to expand even more rapidly in the near future. This growth prediction is based on the recent financial transaction they completed with the global Wi-Fi provider, iPass.
The Daily Forex Report reports that Fortress Investment Group partnered up with iPass in an article that was recently published on their website. The article was written by Jacob Maslow and was published on July 17, 2018. It discusses in great detail the recent financial transaction that took place between the two companies. The history and successes of both companies are also discussed.
The financial transaction between iPass and Fortress Investment Group was a loan for the amount of $20,000,000. According to the article, the funds will be used for iPass to immensely expand their Wi-Fi services around the world. This expansion will allow the company to provide internet access to millions of people around the world at various venues and businesses. It also states that Riley Financial, Inc. provided the brokerage services to act as a mediator in the closing of this transaction. SoftBank to Buy Fortress Investment Group for $3.3 Billion.
Fortress Investment Group has been in business for over twenty years. They specialize in various types of investment opportunities in the private sector, hedge funds, and other financial lending services. The company was founded by Peter Brider, Randal Nardone, and Wes Edens. It was recently sold to Softbank, a Japanese based corporation. However, the company continues to operate independently. The Fortress Investment Group has its’ headquarters in New York, New York. The company also operates offices in additional cities throughout the world.