Peter Briger stepped into the doors of Goldman Sachs in 1987, and just over 30 years later, the Forbes-listed Principal and Co-Chairman of the Board of Directors at Fortress Investment Group has become one of the most successful executive figures in the world of alternative asset investment classes.
The firm’s assets under management are spread across four distinct business or financial segments including private equity, undervalued assets, hedge funds, and well known permanent capital vehicles such as transportation, infrastructure, and real estate. Peter Briger would find success at Fortress Investment Group due to his intimate knowledge of certain Asian financial sectors– a key factor in Fortress’s effort to globalize it’s physical and non-physical holdings.
Read this article at bizjournals.com to learn more about Peter Briger.
Becoming part of SoftBank’s vision for expansion due to its extensive financial resources globally, Fortress was recently acquired by the Japanese based conglomerate in 2017 for $3.3 billion. In an effort to further diversify, expand, and drive growth, SoftBank opted to let Fortress operate almost independently- citing continued autonomy of successful leaders as crucial to the acquired firm’s future as a world-wide hub for corporate mergers, and private capital placement.
The Group is the first hedge fund in the United States to launch an IPO, bringing the world of private credit into the public. Becoming the first equity firm to become publicly traded worked wonders for the Group’s notoriety, and business dealings. Peter Briger, Wesley Edens, and Randall Nardone – the firm’s Principal operators – currently help oversee approximately $42.1 billion in assets with over 1000 investment managers turning the wheels of the multi-billion dollar firm.
Both professional and philanthropist, Peter Briger believes in passing on success to future generations in the form of time, money, education, and dedication. He remains an example of what happens when executive leaders become leaders of change able to drive progress in their communities.