Together with Randall Nardone, Wes Edens and Micheal Edwards, Peter Briger founded the Fortress Group and acted as the co-founder. He has been in office since March 2002. He was later elected as the co-chairperson in August 2009. In the principals’ docket, Briger is in charge for the credit and real estate segment. Before joining Fortress Investment Group, Briger served at Goldman Sachs and Co. for 15 years before becoming a partner in 1996. He also worked at the Tipping Point. This is a low-revenue company that took care of families in the San Francisco suburbs. Briger also serves on the board of Caliber Schools. The learning institutions represent charter schools that allow learners to attend summits in preparation for enrollment into coveted universities and colleges.
Peter earned a Bachelor of Arts degree at Ivy League’s Princeton University. Briger is also a holder of a Master Bachelor of Arts from the Wharton School of Business at the University of Pennsylvania. During his tenure at Goldman Sachs, Peter Briger oversaw the company’s merger with Asian Management, Global Control and Compliance, and Japan Executive councils. The company precisely majored in real estate and offering loans on vehicles. Peter Briger’s experience is a major backbone for the success of Fortress. He was also a major pillar of the acquisition deal by Japanese Softbank. He is also an associate of the Princeton University Investment Company.
As a principle owner and one of the founding members of Fortress Investment Group, Peter Briger oversaw the purchase of the firm’s shares to Japan’s Softbank. The main objective of the forum was to raise about $2 billion for its first closure. However, such information was not meant to go public. The firm is targeting low-wage earners. Its target is to raise $5 billion. The principle target of the company is to make profit and raise the living standards of the low-income earners. At Fortress, mergers and acquisitions are one of their chief objectives. For instance, the Softbank merger has been the best in its 20-year reign. Also, the firm is equipped with staff who are knowledgeable in matters concerning financial market.
Innovation is the Key to Success of Fortress Investment Group
Ever since Fortress Investment Group was founded in 1998, it has been in the forefront in provision of investments advice and funds to its esteemed clients. The firm was founded by Randal Nardone, Wes Edens and Rob Kauffman. Their profound financial experience from their former employers the Goldman Sachs, UBS, Lehman Brothers and BlackRock Financial Management has been the contributing factor to the rapid growth of the company. Fortress Group journey has been an amazing one from being a private equity company to becoming the first company in the sector to go public on the NYSE (New York Stock Exchange). Fortress has grown over the years to become a global trendsetter and today it directs billions of dollars of assets to thousands of investors. These investors range from hedge funds, private equity and capital financial vehicles.
It is located in New York and it has hired over 900 workers over the years. Fortress Investment Group is reputed for incomparable services in asset-based investment, operation management, capital markets, corporate mergers and acquisition as well as providing sector-specific information of companies. Through its asset-based investments, Fortress Group has covered many areas such as real estate, financial vehicles and capital markets. This platform has presented the company a great means to make more revenue. Its expertise in owning, financing, management of physical assets and pricing has been the backbone for its top rank in the NYSE. The specialty of its employees has also contributed to its rapid rise in the industry. It workers mind their relationships with corporate shareholders, board members, management experts and general public.
Besides great customer care relationships, Fortress Investment Group has also focused on internationally affiliated funds. This includes Asian-focused Fund that is classified into the Fortress Japan Opportunity Fund, the Fortress Asia Macro Fund and the Japan Income Fund as well as the Italian NPL Opportunities Fund. Through mergers and acquisitions, Fortress has gone on to acquire AIG’s America General Financial Services currently known as Springleaf Financial Services. The company has gained popularity since its acquisition and it value has increased enormously. Fortress has gone on to open offices in San Francisco and two other in Shanghai and Singapore. Fortress Investment Group contributions and innovations in the business sector have been honored lavishly. In both 2010 and 2011, Fortress was honored by the Institutional Investor Magazine as the “Credit-Focused Fund of the Year“. In 2012, it was bestowed with the Discretionary Macro-Focused Hedge Fund of the Year Award. Fortress was also the recipient of the “Hedge Fund Manager of the Year 2014 Award”.