Introduction to Fortress Investment Group
Fortress Investment Group is a financial firm with an outstanding reputation. Fortress Investment Group has engaged in a change in its investment strategy. That will allow them to offer their investors an investment that is highly secured called iPass. iPass is one of the top worldwide providers of global connectivity options. All of the IPass’s considerable assets secure the loan like their SmartConnect technology as an example.
Introduction to Riley Financial
The company that brokered the deal for the Fortress Investment Group was Riley Financial. Riley is known well in the financial world for its equity research that is ranked up high. They operate in the four segments of Auction and Liquidation, Capital Markets, Principal Investments, and Valuation and Appraisal. Riley Financial is known for working out high-profile deals.
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Did you know that IPass operates the biggest Wi-Fi network in the world, allowing consumers and businesses to go on millions of Wi-Fi hotspots? There is also strong value provided with a large amount of Wi-Fi. It was expected by the end of 2018 for hotspots to increase to 340 million. A factor that makes IPass a good investment for Fortress is having exponential growth in Wi-Fi technology. Also, investors can gain an appreciation of the wisdom of investing in this technology.
Recently, the Fortress Investment Group purchased by a company called Soft Bank for a large amount of $3.3 billion in the value of cash. The news was surprising because SoftBank does not come with a traditional or real estate focus. However, there is much respect gained all over the industry. This group was started up by Rajeev Misra and is with 1,000 employees who are striving to be “one of the largest managers of alternative assets in the world.” One big move that SoftBank is trying to make is to go far into the real estate market in the location of New York.
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