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.
SWball July 16, 2018
Tags: skills in finance