Investment / Investors

A Look into Peter Briger’s Journey to the Top

Peter Briger is the Principal and a Chairman of the board of directors at Fortress Investment Group. Fortress is a highly diversified investment managing firm that has its headquarters located in New York. The firm was started in 1998 by Rob Kaufmann, Randal Nardone, and Wesley Edens. Fortress Investment Group specializes in a wide variety of financial products like Private Equity, Credit Funds, Hedge Funds, Rail Roads and Traditional Assets. The firm is currently being run by Randall Nardone who is the Chief Executive Officer. However, Wesley Edens and Peter Briger play critical roles in the firm since they are both Principals and head of the Fortress Investment Group’s board of directors.Peter’s journey to the top began at the Princeton University where he started laying a strong foundation for his future endeavors in the business world.

After completing his BA studies at the Princeton, he went on to join the Wharton School of Business at the University of Pennsylvania. It was from there that he earned his MBA.Before joining Fortress Investment Group in 2002, Peter Briger gained a lot of experience in the business world by working at the Goldman, Sachs & Company. He worked at Goldman, Sachs & Company for 15 years before becoming a partner at the firm in 1996. It was in March 2002 that he joined Fortress and became a member of the firm’s management committee. Four years later he joined the firm’s board of directors. In 2009, he was elected the Co-Chairman of the firm’s board. Other than taking part in making critical decisions for Fortress Investment Group, Mr. Briger is also in charge of the company’s Credit and Real Estate Department.

With an individual like Peter Briger in your company, it is with no doubt that it will grow and expand immensely. That is what has happened to Fortress Investment Group over the past years. As a result, Softbank, a Japanese company, offered to purchase Fortress at $3.3 billion. The deal was recently completed and is set to bring more benefits to Fortress. One of the benefits is that Fortress Investment Group will now move to the international arena. This is because it will have access to numerous limited partners, especially in Asia. Furthermore, Fortress is now a private entity that is no longer being publicly traded. This is instrumental as the firm focuses on coming up with new strategies to steer it to new directions and greater heights.