Skip to content

An American Success Story: Fortress Investment Group

Peter Briger is a Principal of the Fortress Investment Group, a global alternative investment firm. He also serves as Co-Chairman on the Fortress Board of Directors. The company was founded in 1998, and it is currently one of the largest managers of alternative investments in the world. The company experienced tremendous growth, and at a rapid pace.Fortress Investment Group maintains its headquarters in New York, New York. Peter joined the firm in 2002. It was founded by Wesley Edens, Robert Kauffman, and Randal Nardone. Mr. Edens is the Chief Executive Officer of the company. All three of the founders serve on the Board. Peter Briger was previously employed at Goldman Sachs for 15 years, prior to his appointment at Fortress. He held several positions with that company, including leadership roles in the areas of Asian Distressed Debt and the Asian Real Estate Investment division.

Additionally, he was responsible for the functions of the Whole Loan Sales and Trading group, and also for their Fixed Income Investments area business. At the time that Fortress Investment Group went public, both Goldman Sachs and Lehman Brothers were underwriters of the Fortress Investment Group in its initial offering stage.Peter has been sitting on the Board of Directors since 2006. In 2007, the firm went public. Peter Briger played a large role in its success to that end. Fortress Investment Group trades on the New York Stock Exchange.

The transition of the company from a privately held firm to a public company was such a success, Peter became a billionaire.The alternative investment company was the first in the country to switch from private ownership to public. Peter has a B.A. and an M.B.A., the first of which he obtained at Princeton University. He later attended the Wharton School of Business at the University of Pennsylvania for his M.B.A. His career has spanned for several decades. The net worth of Peter Briger exceeded $1 billion in 2007, earning him a place on the Forbes list of the world’s billionaires, ranking at number 407 on the list for 2007.

COMMENT ON: An American Success Story: Fortress Investment Group

Leave a Reply

Your email address will not be published. Required fields are marked *