The businessman holds the position of a principal at Fortress Investment Group. The organization was founded in 1998. During his tenure, the institution has been ranked as one of the most successful in the sector. Eleven years ago, it became the first hedge fund in the US to go public to facilitate its expansion and promote transparency. Peter Briger transformed the organization from private equity to an investment firm which has an asset base valued at about $43 billion.
The number of investors has also grown to the current 1,750 due to the increased confidence in the management of Fortress Investment Group led by Peter Briger. The company has hired more than 900 people over the years.
View Peter Briger’s profile at Equilar
Before he joined Fortress, he worked at Goldman Sachs and that helped him to gain vast skills and experience in the management of large organizations. Mr. Briger played a key role in the acquisition of various firms by Fortress including Intrawest and Penn National Gaming. As a principal, he facilitated the diversification of the company’s investment portfolios which currently consists of several vehicles which can be accessed in various parts of the world. He is in charge of the credit and real estate section at Fortress.
He is listed as one of the most reputable business professionals according to Forbes. Giving back to the community is an important activity for the businessman and some of his donations have been channeled towards the operations of the Central Park Conservancy.
Peter Briger acquired his higher education from the University of Pennsylvania where he majored in Business Administration. Due to his exemplary leadership skills, fortress expanded and started operating in San Francisco and also opened two branches in Asia. Fortress Investment Group has been recognized internationally and has received several prestigious awards for its innovativeness. In 2014, it was named the fund manager of the year. Fortress was acquired by a Japanese firm known as SoftBank for $3.3 billion.
According to the legislative changes in the U.S, the management of Fortress was to remain intact. Therefore, Peter Briger continued to serve the firm as one of its principals. The management of SoftBank was confident about the current leadership at the company.