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.
As co-founder, principal and board member of Fortress Investment Group, Wesley “Wes” Robert Edens has established himself as one of the nation’s premier businessmen and investors, being responsible for Fortress’ private equity and alternative investment dealings. Holder of a Bachelor of Science in Finance and Business Administration from Oregon State University, Edens launched his career with stints at Lehman Brothers and BlackRock Asset Investors, becoming partner and managing director at both institutions. He would launch Fortress Investment Group in 1998 with five other principals; upon debuting on the New York Stock Exchange nine years later, the New York City-based firm made history as the first private equity firm with substantial holdings to be traded publicly.
In the midst of the subprime mortgage crisis of the late 2000s that saw the firm’s stock price take a major hit, Fortress was shielded from financial jeopardy as a result of a substantial rise in the value of its majority stake in commercial real estate company Springfield Holdings, a majority stake that was purchased in 2010 on the advice of Edens. Fortress’ starting investment of $124 million would eventually grow to more than $3.5 billion dollars, for a more than 2700% hike in value. Today, Fortress employs more than 900 people and manages assets for almost 2,000 clients across the world, assets that boast a combined value of nearly $44 billion. Beyond his decades-long work at Fortress, Edens chairs the boards of a number of financial organizations like Springleaf Finance, New Media Investment Group and Florida East Coast Holdings, amongst many others.
With a net worth of $2.5 billion and take-home pay of more than $50 million a year, Edens has ranked as high as number 369 on the Forbes’ Billionaires List. In addition to his accomplishments in business and finance, Edens is a noted figure in the world of sports and eSports. He is the co-owner of the NBA’s Milwaukee Bucks, having purchased the team in 2014 for $550 million along with Avenue Capital Group CEO Marc Lasry. As owners, Edens and Lasry have won plaudits for their intent to keep the Bucks in Milwaukee and the progress made on their soon-to-be-completed $500 million multi-purpose arena for use by the Bucks. Edens is also the sole owner of professional eSports team FlyQuest, which compete in League of Legends and Rocket League .
Setal,a company based in Rio de Janeiro, with offices in Sao Paulo, Brazil, was created to deliver services of administration, engineering supplies and construction to the oil and gas sectors. Its CEO Maurício Mendonça Godoy expects winning times for future projects. Since he decided to introduce the Aveva Plant, an information management and engineering design innovator, Setal has made incredible forward progress. Previous work procedures and old methods where omitted, and when Aveva stepped in with the most modern systems it gave Setal a tremendous push forward. The new modern systems where integrated in the company.
Production and efficiency increased in very positive way while overall manpower was reduced to 30%. This resulted in a much wanted expansion for the company and its affiliates. Maurício Mendonça Godoy along with Setal expect to attain a very high level of efficiency in industries such as marine, oil and gas, petrochemical and energy with the utilization of the Aveva Plant. At this moment the company boasts of a good will throughout Latin America and other countries second to none, thanks to the implementation of all these modern and technical practices.
Because of the innovations introduced by Maurício Mendonça Godoy the company has now larger projects that extend not only throughout Brazil but also through Latin America, among its main projects are four refinery expansion for Petrobras leading the way in those very important industries mentioned above and at the same time promising a bright future for Setal. And this all due to the clever imagination of one man. Mauricio Mendonca Godoy,as Setal’s leader, was receptive enough to move the company to new horizons and decided to invest in Aveva Plant. He is positive that in this way Setal will achieve a much brighter future for itself and its 400 employees. Needless to say all those working along with Setal and Maurício Mendonça Godoy will enjoy a bright and prosperous future.