Fortress Investment Group is a unique investment brokerage firm based in San Francisco which is managed by CEO Peter Briger, Chairman Wes Edens and Chief Operating Officer Randal Nardone. Burger has been a brilliant analyst and thinker throughout his financial career, and he’s been a key member who’s brought the firm’s total assets under management up to over $40 billion. The investments they cover include private equity, credit, and global markets. It was also Briger who led in the decision to sell the firm to a Japan-based capital management company Softbank Corporation, and that sale has enabled it to expand its capital holdings.
Peter Briger has attended some of the world’s top business schools including Princeton University and The University of Pennsylvania Wharton Business School. He began banking at one of the world’s top investment banks, Goldman Sachs where he entered into their Whole Loan Sales and Trading division. In time he also became a member of an Asian real estate venture based in private equity and expanded his influence even more as he gained positions on some major committees at Goldman Sachs. Once he became a high-level executive, Peter Briger headed the Global Control and Compliance Committee, and the Japan Executive Committee. He built quite a reputation in forming strategies to working with private equity and credit funds, and this carried on after the 15 years he spent at Goldman Sachs. Fortress Executives to Cash In $1.39 Billion From SoftBank Sale
Peter Briger joined Edens, Nardone and Tom Kauffman in 1998 when they acquired the initial capital to begin Fortress Investment Group. Their IPO came the following year when they opened Fortress Investment Fund I, and a second offering took place in 2000 through the Fortress Group Brookdale Fund. Some other key events in the history of Fortress include 2002 when they partnered to form the Newcastle Investment Corp which was listed on the NYSE, the forming of Fortress Credit Opportunities Fund in 2008 and a 2009 BBB rating from Fitch Ratings and BBB- from Standard and Poor’s bond rating system. The final transaction made with Softbank was closed in 2017. Briger has been featured in Forbes before in the top 400 wealthiest ranking at number 317 in the latest listing. He is also involved in non-profit work including sitting on the executive board of the Central Park Conservancy. Gift From Alumni Supports Princeton Entrepreneurship