Since its establishment in 1998, Fortress Investment Group has been a pacesetter in the alternative asset management industry. In fact, it was the first private firm to trade publicly in New York Stock Exchange when it held its Initial Public Offer (IPO) in 2007.
Currently, Fortress Investment Group takes care of $43 billion worth of assets covering more than 1700 investors. The asset manager specializes in permanent capital vehicles, private equity, and hedge fund. Additionally, the New York-based company has employed close to 1000 staffs.
At the helm of leadership of the company are three principles, New York-based Wes Edens and Randal Nardone and Peter Briger who is based in San Francisco.
Visit Bloomberg to know more about Peter Briger.
Fortress Investment Group was founded by three principles: Randal Nardone, Wes Edens, and the retired Rob Kauffman. Together, the trio brought with them years of experience in the financial industry having held prestigious positions in Goldman Sachs, Lehman Brother, UBS, and BlackRock Financial Management.
The first decade of Fortress’s existence culminated into its IPO. By 2006, the company had experienced tremendous growth having launched the Fortress Investment Fund #1 with four versions of it. Digitally, online users had a chance to explore the Fortress Partner’s Fund, the Drawbridge Special Opportunities Fund, as well as Fortress Brookdale Investment Fund.
In 2002, the company added two new principles: Michael Novogratz and Peter Briger both from the Goldman Sachs. Peter Briger brought on board a deep understanding of the market and his Asian ties.
About Peter Briger
- Briger is a principle and co-Chair of the Board of Directors of Fortress Investment Group. He assumed membership in the board since 2006, but the appointment as the co-Chair came in 2009. The appointment comes after Briger had served in the company’s management committee since 2002.
At the company, Mr. Briger is responsible for the Credit and Real Estate division of the company. Prior to his affiliation to Fortress, Peter Briger had served in Goldman & Sachs Co. for 15 years, and within that period, he was able to become a partner in 1996.
Also, Briger holds membership in the Board of Governors of Tipping Point, a non-profit establishment caring for poor families in San Francisco. He also sits in the board of Caliber Schools and is the chair of the Investment Committee for US Soccer.