Peter Briger was recently featured in the New York City Patch article titled, “A Force of Innovation: Two Decades of Fortress Investment Group.” The article, written by Kay Singer reveals how the private equity firm became a trendsetter in investments since its foundation in 1998.
When it was first released to the public in 2007, it was the first private equity company that went public on the NYSE. It has become one of the largest diversified investment management firm around the world, managing hedge funds of more than $43 billion for more than 1,750 investors. The investors are invested in hedge funds, private equity, and permanent capital vehicles. Fortress Investment Group has more than 900 employees with three different principals. Wes Edens and Randal Nardone are based in New York and Peter Briger is based in San Francisco.
Fortress Investment Group focuses on investing in assets, operations management, capital markets, sector-specific companies, and even corporate mergers or acquisitions. The company has created a variety of tools to help reveal the value of all the complicated investments they make. This allows them to reveal the facts at a structural, strategic, and operational level for each portfolio. The also developed expertise in mergers and acquisitions. The employees have developed deep relationships with corporate stakeholders, board members, and even the professionals in management which helped them spread their specialty into capital markets. Peter Briger and the team are able to get financing through the equity markets.
Fortress Investment Group was created by Rob Kauffman, Wes Edens, and Randal Nardone in 1998 after they had gained credible experience at Goldman Sachs, Lehman Brothers, and BlackRock Financial Management. They wanted to create a firm that was driven to create an “alternative asset” strategy that was driven by cutting-edge cars and private equity.
Peter Briger is one of the Forbes Top 400 Business Professionals and is the co-chairman of the Board of Directors at Fortress Investment Group. He studied business at the Wharton School of Business where he earned his MBA. He also works for a number of boards like the non-profit companies Caliber Schools, Princeton University Investment Company, and the Central Park Conservancy.
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