A glance at one of Fortress investments’ top dogs, Peter Briger

Also nicknamed as the king of debts, Peter Briger is a name that commands a lot of respect in the financial world. He is not nicknamed the king of debt because he has debts, but thanks to his impressive acumen of turning beaten down loans, illiquid investments or distressed debts into gold something he achieves thanks to his position in Fortress Investment Company. He is a self-made man who ranks among the top 400 of the world’s billionaires on Forbes list.Peter Briger has been an instrumental figure in the exponential success of Fortress investment group thanks to his financial proficiency. He joined the firm in 2002 and since then has served various positions but he is the current co-chairman and also investment manager a role he has been serving since 2009. As mentioned earlier, Peter’s main role in the company is to invest in companies undergoing distressed debts and help change the situation to a much favorable one, a role he has served exceptionally well helping soar the company to unimaginable heights. He also oversees the firm’s real estate business and has been with the company for close to two decades now.

A little background information about Peter Briger

Like most individuals in the pool of success, Peter Briger did not just wake up a successful man. His career path to becoming one of the most influential and successful people in the world of finance began at the University of Pennsylvania Wharton School of Business where he graduated with an MBA. He is also an alumnus of Princeton University. He later joined Goldman Sachs where he worked for fifteen years. Here is where Mr. Briger sharpened his skills and perfected his expertise in the art of investing in distressed debt.For instance, while here, Peter and his colleagues would purchase troubled mortgages, car loans and other assets which no one wants maybe due to economic problems or any other causes and then hold them until the markets were fully stable which is when they would sell them for a good amount of money. In other words, they would use the strategy of buy while low and sell when high. Even though this might seem effortless, it only takes a person with the expertise like Peter Briger to succeed. During this period at Goldman Sach’s is when Peter mastered the art of specialty investments and when he joined Fortress he put them to work immediately something that has helped the group amass a wider customer base. He also served various senior roles at Goldman’s such as being the co-head of the Asian management committee, being a member of the Japan executive among several others.

Philanthropic work

Even with all the success, Peter Briger is an avid supporter of charity work and is known for his big heart. He seems to understand perfectly the phrase charity begins at home which is why he gives back to his former school Princeton University by setting up sound startup initiatives to help grow the culture of entrepreneurship. He wants to encourage the journey of self-reliance to the Princeton community which is why he together with his other colleagues from Princeton came together to form the Princeton entrepreneurship advisory committee.

Wes Edens Trumps All

The Fortress Investment Group has been one of the most lucrative alternative management firms in existence. They currently operate over $72 billion with four different sectors. They are diversified in highly specialized areas which allows them to make complicated decisions in a nearly risk-free manner. They have their headquarters stationed in New York City but over 100 offices in another hundred different countries. This allows them to analyze trends around the globe in order to take the chance and risk necessary to make billions of dollars. Over 1700 corporations leave a large sum of their money at the Fortress Investment Group. This money is invested by over 1500 workers who are all interested in sector specific knowledge.

The Fortress Investment Group was founded in 1998 by Wes Edens and four of his friends.Wes Edens is the $2.5 billion rich man who is stayed on the top 500 list of Forbes.com. He has two beautiful dollars and even more beautiful wife. He goes horse jumping and mountain hiking in order to unwind and think about the next business move.He started this company with his friends at the age of 25 in order to take creative and risky investments and turn them into lucrative opportunities. He is the top founder of the company and is trusted to lead the Board of Directors as the chairman. He is responsible for $27 billion in the company which resides in his private equity departments. He is responsible for investing and managing that money to ensure it continues growing wealth.

He also oversees all of their work in the real estate sectors. He has trained a team who is capable of keeping prices low and management costs almost negligible which allows them to gain long-term cash flows from their commercial real estate places and the residential ones as well.Wall Street Journal has reported he is one of the most creative investors they have ever seen since Warren Buffett. He has sold 8% of the company to the public to raise $600 million which he in turn used to make the entire corporation worth over $100 billion. He sold a $3.3 billion share to a Japanese equity firm in order to gain access to their global Associates.He owns the Milwaukee Bucks along with his friend and expanded out into the realm of the chart exports by owning various teams that play League of Legends.