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Most businesses fall off tracks within their second year of operation. Fortress investment group didn’t just defy this conventionalism but went on to become the most successful hedge fund in its first decade of operation. Even with numerous odds stuck against it in the periods leading to the financial crisis in 2009 that threatened its sustainability, the alternative investment banker survived it all to regain its market share in the industry? But what does it take to grow such a successful brand?

Able leadership

In the last two decades that Fortress Investment Group was in operation, it came under heavy fire from authorities, internal conflicts, and numerous operational challenges. The company was only able to overcome all this due to the expert skilled leadership it enjoys from the likes of Randal Nardone as its CEO as well as Peter Briger and Wes Edens as the Co-Chairs.

Product diversification

In the asset management world, there is only so much a hedge fund can reap from one investment vehicle. Fortress group founders understood this from the onset and, therefore, sought to diversify into different markets. They created different departments within the fund headed by the key principles based on their investment strengths and experience.

Adaptability to changing industry dynamic

Fortress investment group invested heavily in the credit markets division with a particular interest in real estate investment  and such distressed debts as mortgages. At one time, the credit department led by Wes Edens contributed as much as 30 percent of the company’s total revenues. This would, however, change when the real estate bubble burst in 2008, with the resulting financial crisis deconstructing the company’s shares and diminishing their value.This put the partner’s crisis management skills to test. They would nonetheless survive by shifting their attention from the credit markets fund and concentrating on other equally profitable markets. Their latest move involves the establishment of the first privately owned and operated railway line, Brightline express.

More about fortress investment group

Fortress investment was established in 1998 as an alternative investment banker with interests in multiple industries. It would go on to become the most influential hedge fund soon after takeoff. It was, however, acquired by Softbank in 2017 though it continues to operate independently in New York headquarters.

A billionaire entrepreneur, Eric Lefkofsky has made a huge impact on the business world while also building an impressive resume. Lefkofsky is the founder of multiple businesses including his current company Tempus, a technology company that provides medical services. Eric is impacting the entire globe not only with his business ventures, but with his philanthropy work as well.Eric Lefkofsky grew up in a Jewish family in the heart of Michigan. He is the product of humble beginnings- his mom worked as a school teacher, his dad worked as an engineer. As a kid he attended Tamarack Camps, a Jewish summer camp where he later became a staff member.

Lefkofsky would eventually attend the University of Michigan where he would graduate with honors. Just two years later he earned his Juris Doctor from University of Michigan Law School.Soon after college, Lefkofsky began his work as an extraordinary entrepreneur. He worked closely with partner Brad Keywell for some of his early ventures. The duo took out a loan to start their first business Brandon Apparel, a clothing company. Recognizing the rise of the internet, the duo created Starbelly, an internet company that specializes in promotional products,just five years later. Lefkofsky would soon venture out on his own creating a number of his successful business which include companies like InnerWorkings, MediaBank and ThePoint.com.

ThePoint.com would eventually become one of the most successful companies ever. It became known as Groupon, and revolutionized the way people shop online. Lefkofsky has earned billions of dollars with this company. In 2010 it was recognized by Forbes as the fastest growing company in history.Eric Lefkofsky’s philanthropy has been just as impactful as his many business ventures. With the help of his wife, he formed the Lefkofsky Foundation in 2006. This group is focused on the needs of children and their education. Furthermore Lefkofsky has served as a board member on several boards including The Art Institute of Chicago and The Museum of Science and Industry.

GreenSky Credit has leveraged its expansive knowledge of financial technology to become a real challenger in the market. Since its inception in 2006, the company has grown from a relatively unknown technology provider to a large scale source for credit programs. More and more merchants and banks are partnering with GreenSky to help make consumer loans happen for their customers.

BUSINESS MODEL

The company is headquartered in Atlanta, Georgia and works with at least 14 partner banks to make loans to thousands of customers. The company’s CEO and co-founder, David Zalik, is careful to explain that GreenSky Credit is not a lender or a bank competitor. It is really a technology company that facilitates loans through companies like Home Depot and for individual contractors in the US via a simple smartphone app. The company is a big player in the realm of home improvement products and for things like a new roof or a backyard pool.

CAPITAL STRUCTURE

Changes occurred in 2015 when GreenSky was able to secure a valuation of $3.6 billion after raising millions of dollars in capital and establishing a $2 billion lending plan with Fifth Third Bancorp. This was a major jump from the prior valuation of $300 million just two years earlier. The Wall Street Journal indicated that the higher valuation in 2016 made the privately held GreenSky one of the top financial tech startups. The numbers show the company has learned how to grow in the past 12 years as GreenSky Credit has racked up 325 million dollars in revenue last year and now employs between 900 and 1000 employees.

GREENSKY GROWTH

According to Forbes, the company’s public offering raised 874 million dollars. This number exceeded expectations with the help of the sale of an extra 4 million shares. Investors have flocked to GreenSky Credit due to its profit yields. For example, GreenSky Credit showed a profit of $15 million in the space of just one year from 2016 to 2017. The company has facilitated over $12 billion in loans since it started in 2006.

https://resources.greenskycredit.com/healthcare/case-study-the-cosmetic-dentists-of-austin

Having been at Princeton University, Peter Briger understood the need for the university to have an Entrepreneurship support fund. This is why he would become one of those who funded it on its first round despite not having much to go on at the time. Princeton always held the belief that entrepreneurship is the way to go and it would not only be good for the university, but for the country as well given its ability to create employment as well as meet human needs that are currently not being met by what is available in the market. Peter Briger believed in this vision, and he has been one of the most vocal supporters of the Princeton Alumni Entrepreneurs fund. He has dedicated both his time and resources in the hope that this dream would one day come to flourish. Today the fund has been able to achieve quite the amount of success, having supported various startups created by either Princeton students or alumni. The fund requires that all projects aspiring to be funded get submitted to an independent panel of judges who then assess their viability after which they recommended the amount of funding to be granted. This usually goes up to one hundred thousand dollars as well as mentorship from a leading entrepreneur within that field. This belief by Peter Briger comes from working with various entrepreneurs over the years, both in Goldman and the Fortress Investment Group. These are individuals that these corporations have invested in either directly or indirectly and over the years he has been able to monitor their progress and saw the results first hand. At Fortress Peter Briger has been able to lead his credit division over the years doing deals worth more than 100 billion dollars, some of which were made to startups. The ability to make such complex business analysis has earned him a spot on the Forbes list of top 400 most influential business professionals. This continues to date even as he led the Fortress Investment Group as Co-CEO even after its acquisition by Softbank for 3.3 billion dollars earlier this year. A Force of Innovation: Two Decades of Fortress Investment Group

The founder of NV Real Estate, Nick Vertucci, recently released a new book, Seven Figure Decisions: Having the Balls to Succeed. The book is both a memoir and a guide. In his book, Vertucci shares his business journey and explains his principals of investing in real estate. He also reveals to readers how he applied these principals to achieve financial freedom.

 Nick Vertucci came from a humble background. His life is a grass-to-grace tale. At 10, Vertucci lost his father. After his dad’s passing, Vertucci grew up seeing his mother struggle to raise a family. His life, however, took an about turn at 18, when he started a business specialized in selling computer parts.

During this time, he got to recognize and enjoy the freedom that comes with entrepreneurship, both in money and time. With hard work, passion and dedication, he grew his income to the seven-figure range. His life expanded further when he married and had three daughters.

In 2000, the dot-com industry crashed and went down with Vertucci’s business. The only valuable thing he was left with was his home. In 2004, after a long struggle to find financial opportunities that led him to debts, a friend asked him to attend a real estate seminar. He grudgingly attended. Nick always says,”It was the best decision I ever made in my life.”

Nick Vertucci’s started to acquire one door at a time. In ten years, he went from being deep in debt to being a thriving real estate investor. Over that time, he created a turnkey system of investing on single-family rentals. He would buy foreclosures, rehab them, rent them and manage them within his system. He then began to sell them by hundreds through his radio show, The Real Estate Investing Hour.

By 2014, he had reached his financial goals and gotten to the point of financial freedom. It’s at that point he decided to share what he had learned – his perfected investing strategies. NVERA (Nick Vertucci Real Estate Academy) was born. At the academy, Nick Vertucci helps his students achieve their real estate investment goals.

In his classes and seminars, Vertucci teaches his students hands-on in:

Commercial investments

How to handle wholesale and flipping contracts

How to buying and hold properties for long term-cash flow

How to protect assets

How leverage 401K and IRA to fund investments

And much more.

NVREA empowers students to take calculated and bold risks. Find out more about Nick Vertucci: https://www.dailyforexreport.com/nick-vertucci-secret-wealth-world/