Fortress Investment Group is a financial investment firm. The firm is renowned for being the first financial firm to be listed on a bourse. The firm boasts of managing a portfolio worth $70 billion. The portfolio’s main investments are alternative assets. The success of these firms, like other firms in the financial sector, lies heavily on the management capabilities. Peter Briger is one of the top figures in Bridge Management. He exercises his vast experience in financial management to shepherd the firm to such great heights. Peter Briger, or Pete, is president and chairperson of Fortress Investment Group. Before he joined Fortress in 2002, Peter worked at Goldman Sachs. He spent a total of 15 years at the firm, during which he was responsible for operations in several areas of the business.
Peter played another vital role at the firm in which he was the co-head of the fixed-income investments. He also doubled up as the head of whole loan sales arm of the business. Briger formed SAT on selected committees and assisted in managing the firm’s divisions in Asia. He was entrusted with such crucial responsibilities because he exuded skill and professionalism in his work. This could be attributed to his educational background. He attended Princeton University and later advanced to the Wharton School of Business at the University of Pennsylvania.
At Fortress, Peter was behind some firm’s major deals. He was crucial in the biggest financial transaction in the firm, which was its acquisition by Softbank group. The banking group bought Fortress for $3.3 billion, but it still kept their independence thanks to Briger and his counterparts. Another noteworthy deal that Peter helped steer was the IPO of its secured lending fund. Fortress aimed to gain capital to the tune of $500 million, but the firm closed the offering at $590 million, which was a 20 percent over-subscription.