Peter Briger is an expert in investments and finance who has built a strong reputation as a dedicated professional and highly capable leader. Today, he serves as the Principle and CO-Chairman of the Board of Directors of Fortress Investment Group LLC. Fortress Investment Group Inc. is an investment management company based in New York City. Peter Briger joined Fortress Investment Group in 2002 as a management committee member. He was appointed into the Board of Directors at the company in November 2006 before being elected as the co-chairman of the firm in August 2009. At Fortress Investments, he is responsible for managing the Credit and Real Eastste business.
Previously, Peter served at Goldman, Sachs, & Co. where he was appointed a partner in the firm in 1996. While serving at Goldman Sachs, Briger was on numerous committees such as the Asian Management Committee, the Japan Executive Committee, and the Global Control and Compliance Committee. Other leadership roles he has held include at the Asian Real Estate Private Equity where he was the chairman. Peter attended Princeton University where he graduated with a Bachelor’s of Arts Degree. He later proceeded to the Wharton School of Business at the University of Pennsylvanian graduating with a master’s degree in Business Administration. Under his leadership, Fortress Investment Group has more than 2500 employees.
The company has been named by interns as among the best places to grow and learn in the investment banking industry The company has good working conditions including competitive pay. Peter Briger cares about education, children and fighting poverty. This explains why he is a member of the Silicon Valley Leadership Council for the Global Fund for children as well as Council on Foreign Relations which is a non-governmental organization whose main objective is expanding knowledge on foreign policy issues. In addition, Peter Briger serves in the board of Princeton University Investment Company. For the last 10 years, he has consistently sponsored Central Park Conservancy in the University. Other charitable organizations he is involved in their activities include the Tipping Point, an organization that serves low-income families in San Francisco Area. According to the recent Forbes Billionaires list released in 2018, he was ranked 43 with a net worth of $2.3 billion.
Fortress Investment Group is an incredible investment management firm. It was founded in 1998 as a private equity firm. Today Fortress has become a pacesetter in the investment industry. Its greatest achievement was in 2007 when it was enlisted as the first big company in private equity sector to become treaded publicly on the New York Stock Exchange. This was because of its initial public offering. As at now, Fortress Group boasts in being a global investment firm directing around $43 billion in assets for more than 1,750 private equity investors among others. Fortress Investment Group sits at the heart of New York with more than 900 employees in their locations. Peter Briger, Randal Nardone, and Wes Edens are the key individuals shaping the direction of Fortress Investment Group.
Fortress major in a few specialties in ensuring that investors are taken care of. They avail asset-based investing services, capital markets, corporate mergers & acquisitions, sector knowledge of institutions and companies, and operations management. Under all these categories of services, Fortress at the end of the day ensures efficiency and excellence. They are able to take care of the asset-based investments through the credit and private equity funds. These include the real estate, financial vehicles, and capital. Their expertise in owning, pricing, financing, and managing both the financial and physical assets makes them reliable in the area of asset-based investing. Fortress has a structured number of tools for getting the value of investments, which makes it perfect for operations management.
Having been in practice for more than twenty years now, Fortress Investment Group has a deep and broad knowledge on managing acquisitions and mergers. Their model of understanding cuts across corporate board members, corporate stakeholders, and management professionals on how to build great relationships with them. When it comes to capital markets, Fortress has a profound experience in securing financing through equity markets and debts. Finally, they have a very clear knowledge on managing portfolio companies. Their institutional knowledge is such a commendable thing. Back to history, three passionate men founded Fortress Investment Group: Wes Edens, Randal Nardone, and Rob Kauffman. They had wonderful skills and knowledge in financial matters because of having worked in other companies.
Wes Edens is the co-founder of Fortress Investment Group, which is one of the most prominent global investment managers today, based in the United States. The company has grown heaps and bounds in the past few years under the leadership of Wes Edens and other co-founders, who have primarily focused on diversifying their service portfolio to become a significant investment and assets manager for the clients.The range of services provided by Fortress Investment Group has helped many high net worth individuals as well as companies to assign them as a one-stop junction for all kinds of investments and financial management services. With the revenue of over a billion dollars annually and the net income crossing the $200 million, Fortress Investment Management is one of the biggest investment management firms of its kind. The company is also publicly traded, and at the time of its listing in NYSE, it was the only private equity firm to be listed on the country’s stock exchange.
Currently, Fortress Investment Group is managing close to 70 billion dollars in its credit funds, alternative assets, and liquid hedge funds.Wes Edens is known not only for being the co-founder of Fortress Investment Group, but also for being a successful businessman and owning an NBA team named Milwaukee Bucks. He is also the owner of the famous team named FlyQuest in the League of Legends sport. The career of Wes Edens has been extended and full of milestones, and he has had the opportunity to work for some of the finest financial corporations in the world, and along with some of the most profound senior financial experts.It is what helped him become such an expert in the field of private equity investment and management.
Academically as well, the qualifications of Wes speak for himself. He has done Bachelor of Science in Business Administration and Finance from the famous Oregon State University. After the completion of his studies, Wes went on to join Lehman Brothers in 1987, where he served at the position of Managing Director as well as Partner till 1993.The Wall Street Journal named Wes Edens as the new king of sub-prime lending due to the role that Wes played in buying the stakes at the Springleaf Financial Services. It helped Fortress Investment Group earn generous profits, and also helped the company to consolidate its position in the investment management sphere. Wes is also the chairman of the Nationstar Mortgage.
Besides being a co-founder of Fortress Investment Group, Wes Edens is a businessman, investor, owns sports teams among other achievements. Before embarking on his career life, Wes attained a degree in finance and business administration at Oregon State University. All through his career, Wes has shown strong leadership skills and capability. It has played a significant role in getting Wes where he is today.Wes’ first job at Lehman Brothers was a leadership position. At Lehman, he was a partner and managing director. After serving here, Wes left Lehman and went to BlackRock Asset Investor. When Wes was at BlackRock, he also became a partner and managing director. By the time Wes was at Fortress Group, he was not just a partner or director. He was a co-founder, which was a vital step forward for him. Other principals at Fortress Group were Peter Briger, Randal Nardone, Robert Kauffman and Michael Edward.
Eden’s contribution to Fortress has been enormous. He formulated an investment strategy that caught the attention of The Wall Street Journal. Eden was a significant participant in making the company publicly traded and launching the initial public offering. In 2009, Eden was appointed the co-chair of the company and continued to serve diligently. Eden has also served as the chairman of Fortress Transportation and Infrastructure Investors LLC. vbThrough the leadership of Eden and other principals, Fortress managed to acquire Springleaf Financial Services. Through this purchase, Springleaf managed to increase its worth to $3.5 billion. This value was twenty-seven times more than the original value it had in 2010. Since Eden was at the forefront of all these achievements, The Wall Street Journal recognized Eden as a king of subprime lending.
Nationalstar Mortgage is also part of Eden’s accomplishments. After Fortress purchased it, Eden became the chairman. Every organization that Eden has participated has progressed. He believes that he must make a positive difference in every entity is serves. Wes Edens and Marc Lasry bought Milwaukee Bucks at $550 million. The team would remain in Wisconsin and Eden would build a new arena. It was to be a replacement for the BMO Harris Bradley Center. Apart from work, Eden has a happy personal life. He has a family of four children. He adores his wife and four children. Eden enjoys horse jumping and climbing mountains. To him, life is not just about working and achieving career success. Personal growth is an essential sphere too.