About Fortress Investment Group
Fortress Investment Group was founded in 1998 with the aim of becoming the leading and highly diversified global investment manager. As of September 30 this year, Fortress had managed to get assets of over $42.1 billion through its management.
Their cornerstone is to strive and generate strong risk-adjusted returns for the investors over time. They have 209 investment professional throughout the affiliate offices and the headquarters in New York.
View the group’s profile on Linkedin.
Fortress Investment Group and Richard Branson
Fortress received investment from the British billionaire Richard Branson. Fortress Investment is a privately – funded intercity passenger train that was built in the U.S for over 100 years. Brightline chairman and the Fortress co-founder Wes Edens met with Branson at the company’s new station in Miami last year. They discussed Edens’ vision for a nationwide expansion. The Fortress Investment Group project marked a significant bet that can profitably revive the train travel in the U.S.
The current state
Currently, Brightine plots to operate in Orlando plus Tampa. It will start constructions next on a line that links Las Vegas through Southern California immediately it acquires XpressWest and gets the needed federal approval. The company eyes St. Louis, Dallas, Atlanta and Houston as potential markets that can welcome the railroad services.
Fortress Investment Group future projections
Virgin Group will invest in Brightline. Brightline will be managed and operated by Fortress virgin group’s affiliate or executive team. Virgin Group will, therefore, own some part of the Fortress which will be familiar to other deals it has had with other deals it has struck in the U.S. since the majority of the Americans travel by train daily, their company wants to transform it as it did to the air travel.
The rename to virgin trains
This private –equity company owned by Brightline operates between Fort Lauderdale, Miami, and West Palm Beach at very high speed. It is planning to rename itself virgin trains. The rename will occur this month according to the statement given through Bloomberg news. It might be its name from then onwards thought there are speculations that the name might change due to rebranding. See more: https://www.inc.com/profile/fortress-investment-group