On the list of the strongest pillars behind the success of Fortress Investment Group, Peter Briger ranks at the top. He is the force that saw Fortress transform from being a private equity firm that it used to be, and became an alternative investment management firm that managed a variety of investment asset strategies for its customers. The customers of the company constitute of both institutional investors and individual clients. The other asset strategies that were introduced by Briger were permanent capital instruments, credit fund, hedge fund and real estate. This made the assets under management of Fortress Investment Group skyrocket in value within a short period.Peter Briger has a unique belief in education. He works so hard to liberate his community by funding education for children from the less fortunate families.
This has gone a long way in improving the lives of many families who could otherwise still be impoverished. Peter Briger believes that the only way that any community can liberate itself from poverty is by educating their young generation. This move has been taken in a lot of positivity by other community leaders in the quest for improving their standards of living and general productivity of the community. Having special expertise in the management of mergers and acquisition, Peter Briger oversaw the acquisition transactions that saw Fortress acquire the largest ski resort operator in Canada, Intrawest. Fortress Investment Group also acquired several other firms, a move that led to the significant increase of the company’s managed assets.
These firms included Penn National Gaming, Florida East Coast Industries, and the RailAmerica. Later in 2017, another transaction was done by Fortress Investment Group that saw the company acquired by a Japanese multinational corporation, SoftBank. This transaction was made on a cash basis whereby SoftBank spent a total of $3.3 billion. Following the acquisition transaction, all the outstanding shares that belonged to Fortress Investment Group were transferred to SoftBank and its legal subsidiaries. However, Fortress Group continued operating independently under the same leadership of its principals; Wes Edens, Randal Nardone, and Peter Briger. This transaction will see Fortress explore other economic sectors especially the telecommunication since it’s the main area of operation for SoftBank.