The Role of Peter Briger Today In Fortress Investment Group’s New Strategies in Corporate Lending

When people hear the name Peter Briger, they most likely remember one of the principals who have brought the successful rise of Fortress Investment Group. They remember Peter Briger as the Principal and the exuberant co-chairman of Fortress Investment’s Board of Directors. They may even remember the man who has brought the SoftBank Group purchase of Fortress Investment Group last year to an impressive acquisition amount of more than $3 billion. What most people don’t know yet, though, are the things that Peter Briger recently does today for the company to stay relevant, adaptive, and responsive to the great pressing challenges of modern finance.

What most people probably don’t know yet is that Peter Briger is now doing his best to land on new ventures in finance that would bring Fortress Investment Group to new heights. One of these new ventures is reported by no other than Deal Street Asia news, which stated that the new venture of Briger for Fortress Investment Group would be to push for corporate lending. This is just part of the new goals of raising funds that Fortress is eyeing on, now that SoftBank Group Corp has purchased ownership of Fortress.

The aim today of Fortress is to obtain $2 billion in its first fund released for its direct lending venture. The next target would be $5 billion, which would happen in its fifth flagship credit opportunity program. We may also add here that the role of Briger in this program could not be more important. As the man handling Fortress’ credit business and programs, it is his duty to make sure that the plan of Fortress in this regard goes as smoothly as possible. Briger is also the Fortress Credit business officer since joining Fortress in 2002. He handles a team of more than 300 individuals, and all of them are concentrating all the needed energy for the company to get the most profitable undervalued assets in the market today.

It goes without saying that Briger has all these skills in finance because of his excellent educational background. He went to Princeton University for his B.A. degree, while he went to the University of Pennsylvania to get his Master of Business Administration degree, under the school’s Wharton School of Business program. A Force of Innovation: Two Decades of Fortress Investment Group

 

July 16, 2018

Posted In: Business success, Investment

Tags:

Louis Chenevert Is The Real Reason For United Technology Corporation’s Success

Louis Chenevert is an entrepreneur and business leader who has achieved plenty in his lifetime. He started from humble beginnings and had to work his way up to where he eventually made it. He was born in Montréal, Québec where he became interested in business at an early age. he learned, early on, that hard work and determination were what helped people to succeed in their life. He decided to go to college and majored in Production Management at the University of Montréal. After this, he was quickly hired on by General Motors at St. Therese, Quebec where he was tasked with managing its assembly line.

 

After working for General Motors for 14 years, Louis Chenevert could feel it was time for a change. He decided to move forward and work in the aerospace industry where he teamed up with Pratt & Whitney, which is a company that is part of the larger United Technologies Corporation. In 1999, Chenevert became President of Pratt & Whitney and began to reconstruct the company from the top to bottom. He ended making Pratt & Whitney a profitable company after it had been suffering with his leadership skills and willingness to explore new technologies.

 

Louis Chenevert ended up catching the attention of United Technologies Corporation and also put together the geared turbofan (GTF) engine in the provess. He became the Chairman of UTC in 2006 and its Director and invested in the GTF engine, which he knew would be a hit in the industry. Today, the GTF engine is huge in its market and has earned UTC plenty of profit. It, literally, put the company back on the map and is now used by over 14 different airlines as well as 70 different aircraft.

 

Louis Chenevert eventually became the CEO of UTC and has received plenty of praise since he took over the role. He loves challenge and saw UTC through some of the roughest times in the United States economy. He is sure that the company’s portfolio of products will help it succeed moving into the future and is glad that he has focused on taking care of the company’s employees. While Louis Chenevert is not the CEO of UTC anymore, he left behind an amazing legacy that continues today.

 

https://www.wingsjournal.com/yachts-rich-famous-louis-chenevert-steve-jobs-johnny-depp

July 11, 2018

Posted In: Business, Businessman, CEO, Entrepreneur, Investment, Investor, Leader

Tags: , , ,