Fortress Investment Group was started in 1998 as a private equity firm. In 2007, it became the first big private equity firm to become a publicly traded company after it launched its Initial Public Offering (IPO). The group today is a global investment management company that is traded in the New York Stock Market. The firm manages over 43 billion of assets belonging to over 1,750 investors. The firm has over 900 employees and has its headquarters in New York.The firm is run by three principals; Wes Edens, Randal Nardone in New York and San Francisco-based Peter Briger. Fortress Investment Group services include asset-based investing, capital markets, mergers and acquisitions and operations management.
The assets managed by Fortress include real estate, financial vehicles, and capital that create cash flow over a long time. The firm has been in the industry long enough and has helped many people manage their financial assets. In the two decades that Fortress Investment Group has been in the investment industry, it has managed numerous cases of mergers and acquisitions. The staff at the company understand the industry very well and have a good relationship with other professionals in the industry.Fortress Investment Group helps businesses raise capital through debt and equity markets. With all information, it is clear that this company is a specialist in capital markets. Through the experience gathered managing various portfolio companies, the firm has deep institutional knowledge in different sectors.
Peter Briger is the head of the credit division of Fortress Investment Group. He joined the firm in 2002 after working at Goldman Sachs as a partner for 15 years. His department is responsible for real estate and credit business. Peter Briger is listed by Forbes among the 400 global business professionals. While working at Goldman Sachs, his work was mainly focused on Asia. His role in Asia played a significant role in a deal where a Japanese banking conglomerate bough Fortress Group.Peter holds a master’s in Business Administration from the University of Pennsylvania- Wharton School of Business. His contribution to the success of Fortress Investment Group is significant, as he is responsible for one of the key departments of the firm.Peter Briger has been an ardent supporter of the Central Park Conservancy as well as being a member of the Princeton University Investment Company. Briger also has soft spot for philanthropy. He supports an organization known as Tipping Point which offers support to needy families in San Francisco area. He is also a board member of Caliber Schools.