Peter Briger Stays With Fortress After Purchase

Peter Briger is one of the founding principals of Fortress Investment Group and also serves as the Co-Chairman of the company’s board of directors. The company has been setting trends in the financial world since they were formed as a private equity firm. The company has grown into a global investment management firm with a very diverse portfolio since they first were founded in 1998. They handle the assets of more than 1,750 invests that are worth more than $43 billion. These investments are in hedge funds, private equity, and permanent capital vehicles. The decisions that the company makes for their portfolio getting returns for their investors that will be around long term.

Learn more about Peter Briger at Crunchbase.

Based out of San Francisco, Peter Briger was honored when his company received the “Credit-Focused Fund of the Year” award by Institutional Investor magazine not only in 2010 but in 2011 as well. In 2012, Fortress Investment Group was recognized by the magazine as having the “Discretionary Macro-Focused Fund of the Year” as well. They continue to make headlines and receive even more recognition as the years go on. In 2007, the company really started making headlines when they decided to go public. This set a trend for businesses like theirs and many other big names followed their lead in the following years.

2 of the principals of Fortress Investment Group, Wes Edens and Randal Nardone, are based out of New York where their main headquarters is located. The headquarters based out of the hometown of Peter Briger, San Francisco, was opened up in 2011. As a whole, the company employs around 900 people. There is a strong focus on making sure that the company hires experts to work for their team that are able to use their knowledge to get the best results when it comes to investing.

Recently, it was announced that Fortress Investment Group was being purchased by the tech giant SoftBank. While they may be operating under the company, Peter Briger and the rest of the principals will remain with the team. They are expected to continue operating without many changes under the new ownership.

Read more: https://www.bizjournals.com/newyork/potmsearch/detail/submission/6455147/Peter_Briger

 

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