The Important Details and Landmark Events In Peter Briger’s Career in Fortress Investment Group
There are many easy-to-obtain, informative articles that people can read today to understand more the growth and career of Peter Briger as one of the principals of Fortress Investment Group. People may already know that he’s also the successful co-chairman of the board of directors that is responsible for the growth of Fortress Investment Group. But what most people don’t know about Peter Briger is that he’s also the man responsible for many of the company’s initiatives to stay relevant and important in the world of the financial advisory industry.
One of the things that make the leadership skills of Peter Briger still relevant to the growth of Fortress today is the fact that he has been in the company since 2002. He is the man behind the Fortress’ Credit Business’ division, which is composed of 300 individuals that concentrate most of their time and efforts in various illiquid credit investments and undervalued assets that pose significant potential growth in the coming years. It was his responsibility to create initiatives to strengthen the credit performance of their clients and to protect them from unnecessary risks to their assets.
It’s also relevant to state here that the formative knowledge about business that Peter Briger possesses may come from the fact that he studied at Princeton University, with a B.A. degree. His Master of Business Administration was obtained from the Wharton School of Business of the University of Pennsylvania. Through such formal education, he’s able to learn the fundamentals of growing a business as big as Fortress.
Right now, with the help of the management style of Briger, Fortress Investment Group is now venturing into corporate lending. It now increases its responsibilities as it hopes to gain more funding after SoftBank Group Corp. already purchased Fortress Investment. The aim right now of Fortress with the help of Briger is to obtain a $2 billion just for the first fund made for its direct lending venture.
It should also be added here that this next move is a landmark phase of the company since it made the record of being the first U.S. private equity firm to delist after its $3.3 billion sale with SoftBank last year.