Fortress Investment Group Booms under Peter Briger
Fortress Investment Group started operating in 1998 as a private equity firm. It is a famous asset management firm that sets the pace in the investment industry. The company’s head consists of three principals all of whom have a different location.Randal Nardone and Wes Edens have their base in New York and Peter Briger who operates from San Francisco. The headquarters of the company is in New York.The principal and co-chairman to the board of directors at Fortress, Peter Briger, was a member of the board for about three years until he was appointed co-chairman in 2009.Before being a director, he was a Management Committee member at the same institution from 2002. He is currently held responsible for the Credit and Real Estate department at Fortress.
Before 2002, Briger spent his preceding career years at Goldman Sachs and Co. where he then became a partner in 1996. He worked there for 15 good years. He is a Princeton University B.A graduate. He also holds an M.B.A degree from Wharton School of Business, University of Pennsylvania.He is a titan in the finance industry. He is one of the 400 best business professionals globally by Forbes. He continues to receive credit for Fortress going public as a company. From his early career days, Peter Briger gathered vast experience. That has helped him take Fortress to a notch higher.Fortress Investment Group currently boasts a pool of over $65 billion regarding assets. Their clients are both private and institutional investors thus the broad base of clientele.
Despite the numerous divisions at Fortress, Briger holds an influential position at the firm. He is in charge of conversion of strained financial instruments into cash. With the current economic distress, his work has received worldwide acknowledgment. His work at Fortress Investment Group has seen the company get to where it is now.Besides being a successful professional, Peter is a philanthropist. He is a board member of some non-profit organizations. Providing education and other basic needs, as well as alleviation of poverty, are of great concern to him.He is a board member to Caliber Schools. It is a charter that prepares young people for successful lives at the college level and beyond. At 51 years of age, Peter Briger is a titan and a force to be reckoned with in the finance sector.