Long House Studio

Peter Briger and Fortress Look to the Future

Peter Briger is a Co-Chairman of the Board of Directors at Fortress Investment Group and has held this position for ten years. Additionally, he has been a member of their management committee since 2002. Many consider Peter Briger to be the main catalyst for the credit and real estate business conducted at Fortress Investment Group. Before working at Fortress, Peter earned a B.A. from Princeton University. After attending Princeton, Briger went on to earn his Master’s in Business Administration from Wharton at the University of Pennsylvania. See more about Peter Briger at zoominfo.com

In the last year, the Fortress Investment Group has undergone both expansion and massive changes. The organization was recently bought and absorbed by one of the world’s largest financial conglomerates; the SoftBank Group Corporation from Japan purchased Fortress for $3.3 billion. This ended the company’s independent run since its inception in 1998.

Fortress had its start as a hedge fund that eventually expanded to include other financial services. Under Peter Briger’s guidance, in 2007, Fortress became the first company of its kind to have an initial public offering on the New York Stock Exchange.

Fortress oversaw close to $40 billion in global asset management in 2017.

SoftBank hopes to implement cutting edge innovation to the Fortress process. SoftBank owns stakes in companies like Sprint, Uber, and Ali Baba. Also, they currently fund research and development under its Vision Fund, which is also supported by Qualcomm and Apple. SoftBank is interested in artificial intelligence, the internet of things, and robotics. They are also engaged in a number of large-scale infrastructure projects.

For example, SoftBank is backing the construction of the world’s largest solar power plant in Saudi Arabia.

Peter Briger and Fortress aim to continue the organization’s success under the guidance of such a financial titan like SoftBank. SoftBank also looks to learn from Fortress’s leadership, expertise, and global experience in providing top-rate financial services.

Read more: https://gazetteday.com/2019/01/fortress-investment-group-2018/