Fortress Investment Group Increasing Salute For Peter Briger

Fortress Investment Group was named “Hedge Fund of Year” by well-known business publishing magazine Institute Investor in 2014. The company is one of the largest investment firms around the globe. In 1998, Fortress was launched in New York City as a private equity firm by a group of investment bankers including Randal Nardone, the company’s current CEO. In 2005 the company proclaimed itself as specialized in hedge funds. Their current porfolio hosts $36 billion in assets and the files of more than 1,750 customers. The company specializes in alternative investments. Some of the most well known companies under Fortress Investment Group inclue Intrawest’s ski and vacation resorts, RailAmerica, Inc., and Brookdale Senior Living who owns the largest set of retirement communities inside the U.S.

Peter Briger joined Fortress Investment Group in 2002. He previously worked as an investment banker for Goldman Sachs & Company making partner through a highly selective process only four years after joining the company. Briger, recently titled Co-CEO, is now president and Co-Chairman at Fortress. He was #962 on the list of the World’s Billionaires by Forbes Magazine in 2008. Since Peter Briger’s introduction into the firm, Fortress was able to go public and join the stock market in 2007. Briger’s specialities mainly sponsor real estate and credit funds. Even while at Goldman Sachs, Peter Briger was already demonstrating the capability for buying distressed debt and later making money off of it. At Goldman Sachs, Briger was in charge of the financial distress group. It is not surprise that even when the economy fell down in 2008, Briger and Fortress were able to recover quickly the following year. Briger obtained his Bachelor’s degree at Princeton University in 1986 and received an MBA business degree from the University of Pennsylvania’s Wharton School.

Lately, the topic of bitcoin has knocked on every public investor’s doors and Briger is no different. Peter Briger had a previous set of ups and downs with the Bitcoin industry. After setting up Fortress’ own offices with a Bitcoin account, Briger had to cancel a future plan with Wells Fargo to establish a bitcoin investment title due to federal entities canceling the transaction. Briger has his own investment of $100,000 in Bitcoin but the relationship is a slow one. With current distrust in the cryptocurrency market, Briger has made sure to be a careful participant. He is more of an observer now, but he agrees that the ways of transferring money is changing and cryptocurrencies are part of that evolution. Peter Briger resides in San Francisco where Silicon Valley famously sits a couple miles away. He is an active contributor to the Global Fund for Children along with other Silicon Valley Leadership Council members. He is very interest in public relations as Fortress works with international companies everyday and is a recognizable figure all around. In 2015, Briger, along with other ex-classmates, set up a fund at Princeton’s Business School for entrepreneurs interested in building start-ups.

About Randal Nardone: www.fortress.com/about