How Peter Briger became one of the most respected people within the private asset management field

When Softbank acquired the Fortress investment group one of the key people championing the deal was Peter Briger. Peter understands the dynamics of the asset management field and as such understood the need to have a corporation like Softbank, which was capable of injecting billions of dollars into the group to help it continue its monumental growth at a time when private equity was slowing down. He has over the years witnessed this slow down at a time when investment opportunities are emerging from markets all over the country and the world in general. This is why when Softbank offered 3.3 billion to acquire Fortress, Peter Briger was confident, even as he took the request to shareholders for approval that it was in the best interest of the organization. The current Co-CEO has been with the group since 2002 when Peter Briger left Goldman Sachs, where he was a partner to come and establish the credit division within the group. His division would go on to become one of the fastest-growing as well the most influential given its return on investment for the group. The division has expanded from its headquarters in San Francisco to fourteen other locations countrywide all in the hope of expanding its investment opportunities. The fortress group today manages assets worth more than thirty billion dollars with a large number of those being in permanent investment vehicles. Peter Briger has been instrumental in this too, having joined the board of directors, sometime in 2006 after which he was able to influence key decisions within the group. His value within Fortress would come to light when he was tasked with leading the IPO launch in 2007. This was at the time the first of its kind as Fortress was the first alternative asset management group to list on the stock exchange. Goldman Sachs would underwrite the IPO and this success would propel Peter Briger to Co-Chairman of the board of directors. His influence within the group has continued to grow since then and despite the group returning to private hands, he will still remain very influential in setting the agenda assumed by the group and more