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Manages alternative assets in private equity, liquid hedge funds and credit funds

Manages alternative assets in private equity, liquid hedge funds and credit funds

Fortress Investment Group LLC was founded in 1998 with the goal of creating a new kind of investment firm. Headquartered in New York, Fortress currently employs over 900 people with a variety of industry-specific expertise.

Innovation has been key since its inception and the firm has continued to maintain a place at the very forefront of new strategies in finance, acquisitions, ownership and, most currently, technology.
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Latest Stories and News

NextNav raises $120M to deploy its indoor positioning tech to find people in skyscrapers

  • TechCrunch
  • 4 months ago

NextNav LLC has raised $120 million in equity and debt to commercially deploy an indoor positioning system that can pinpoint a device’s location — including which floor it’s on — without GPS .

The company has developed what it calls a Metropolitan Beacon System, which can find the location of devices like smartphones, drones, IoT products or even self-driving vehicles in indoor and urban areas where GPS or other satellite location signals cannot be reliably received. Anyone trying to use their phone to hail an Uber or Lyft in the Loop area of Chicago has likely experienced spotty GPS signals.

Today, the MBS is in the Bay Area and Washington, D.C. The company plans to use this new injection of capital to expand its network to the 50 biggest markets in the U.S., in part to take advantage of the new FCC requirement.

NextNav raises $120M to deploy its indoor positioning tech to find people in skyscrapers

Randal Nardone

Avatar for Randal Nardone
Co-founder, Principal and Director of Fortress Investment Group