Peter Briger Successful Investment Career

Posted on October 10, 2018

In the year 2007, Fortress Investment Group, a private equity firm decided to go public in an IPO. During that event, Peter Briger with 66 million shares worth $2 billion became a billionaire. Briger has all along remained a wise player in the world of definite asset investing. Peter Briger joined Fortress Investment Group in the year 2002 after spending fifteen years in Goldman Sachs. When he was joining Fortress, the company was looking forward to expanding its core business of private equity, and Briger joined in the role of leading the debt security and the real estate businesses. Currently, Briger doubles as the company’s principal as well as the co-chairman of its board of directors. Peter has served in the Fortress Board of directors as a member since 2006, and in the year 2009, he was elected co-chairman of board.

At his prime time in Goldman, Briger with other partners used to purchase and sell car loans in Thailand, alcoholic beverage firm in South Korea, troubled mortgage in Japan, a British Power Plant, commercial aircraft and other businesses. In all these business cases, the idea was to buy the asset that had lost value in the mainstream sources of capital for reasons not limited to economic problems, political instabilities, and many others. They would then hold the assets for some time until the markets would stabilize so that they sell them at a good profit.

After leaving Goldman, Peter Briger success did not stop there as it followed him in the fortress. In the very first quarter of his initial year, Briger and his team were able to raise $4.7 billion for the Fortress Credit Opportunities Fund IV. These funds represented eighty-seven percent of the total new fund raised by the whole group in that quarter. Today, Peter Briger the aftermath of the financial crisis he and the group have undergone has found gold in businesses. The banks and governments are now forced to sell off those risky non-performing illiquid assets due to regulatory or the shareholder’s demands. It is that Briger and Fortress Capital are getting in to scoop them up and at good discounts.

To Read More Click This Link : people.equilar.com/bio/peter-briger-fortress-investment/salary/779716

Categories: Business, Investment


Comments are closed