Peter Briger is one of the newest principals working with the Fortress Investment Group. He also serves as the company’s co-chairman of the board, and he joined the company back in the year 2002. Originally, the company should have been operated by Wesley Edens, Randal Nardone, and Rob Kauffman; however, Rob Kauffman left and established his career. It became an opportunity for Peter Briger to prove himself with the two remaining principals of the company, and he joined them to show how his skills in doing business could help the company succeed. His colleagues watched him as he tried to show them his approach, and it made the two other principals impressed.
Before he joined the Fortress Investment Group, Peter Briger has been working with other companies specializing in business and finance. He spent around two decades to learn new things in the industry, and he used it, later on, to help the Fortress Investment Group to become one of the leading private equity companies on the planet. As one of the principals of the company, he is also making sure that new ideas that would benefit the company would be proposed, and one of these plans that made a huge impact on the company is its introduction to the stock market. The Fortress Investment Group was opened for public trading in February 2007, and it debuted at the NYSE where thousands of investors waited to see how they could participate in creating a new history for the company. The debut was successful, as the company managed to sell over $600 million worth of assets to the public.
This is equivalent to more than 8% of the company, and the scheme continued up until today. Because of the hard work of Peter Briger into introducing the Fortress Investment Group to the world, they managed to create a network of investors that has been working with them ever since. As they recruit new investors, the Fortress Investment Group transformed, and it experienced tremendous growth. The company now has $65 billion worth of assets, and according to the company’s principals, this value would change in the years to come because of their partnerships with other companies. The Fortress Investment Group has even survived the recession in 2008 and 2009, and because of the competence of its leaders, the company was given various awards, and the principals were recognized because of their unique strategy facing one of the worst recessions in recent history.