Once a partner at Goldman Sachs, where he worked for fifteen years, Peter Briger joined Fortress Investment Group LLC in 2002, where he became Principal and Co-Chairman of the Board of Directors. Fortress Investment Group began as a humble private equity firm back in 1998, but it rapidly grew to successfully handle hedge funds, real estate investment, and debt securities. Fortress, thanks in larger part to Briger’s efforts, also became the first large, private equity firm in America to go public on the New York Stock Exchange. Along with real estate, Peter Briger manages the credit business of Fortress by leveraging his extensive experience in securing financing through equity markets and debt.
It is this work that earned him the nickname “King of Debt” from Motley Fool. A husband and father of four children, Peter Briger earned a B.A. from Princeton after getting his Associates at the University of Pennsylvania. He went on to earn a Master’s of Business Administration from Wharton Business School. As one of the financial gurus behind Fortress, Briger helped to make the company “Credit-Focused Fund of the Year” in 2010 and 2011 and “Hedge Fund Manager of the Year” in 2014. These are no small accolades, considering that Fortress Investment Group, which is headquartered in New York, handles over $43 billion in diverse assets.
Fortress is now owned by Softbank, a Japanese banking conglomerate which purchased it in 2017 and plans to use it to provided continued leadership in the field of alternative-investment. Peter Briger’s focus on Asian real estate and debt in his work at Goldman Sachs made him instrumental in this purchase of Fortress. Through his skill in the finance industry, Peter Briger has earned a spot among the world’s self-made billionaires and on The Forbes 400, a list of elite businessmen and women worldwide. In 2007, his net worth peaked at $2.3 billion. But his work is not limited to Fortress Investment Group. He also serves on the board of Caliber Schools, a network of charter schools that strive to prepare successful students, and on the board of Tipping Point, a not-profit dedicated to helping low-income San Francisco families.
From the time Fortress Investment Group was founded in 1998, and that time it was just a private equity firm, but still, it has been a trendsetter. The one thing that the company did that highlighted the complete company success was in 2007. In 2007 they offered their initial public offering. That time it was the first company in large-scale private equity to have to change to a public company all done in the New York Stock Exchange. Today, the company has grown to a diversified global investment management that will have $43 million directed in the assets for the 1,750 investors that are in the hedge funds, private equity, and permanent capital vehicles. The main headquarters of the Fortress Investment Group is located in New York, and they have offered employment to over 900 people.
The success of Fortress Investment Group is because they have the best team. They have ensured that over the years they employ people that will be able to take the company to the next level. One of the workers at Fortress Investment Group is Peter Briger who is responsible for the overseeing of the company division. The division that Peter oversees is responsible for the credit and real estate business. In the list of the Forbes 400 Peter Briger is on the list, a file that contains the global business professionals. He worked at Goldman Sachs for 15 years, during his time there included being in Asian Management membership, Japan executive committee, and in the global control and compliance he was a member.
The work that he offered Goldman Sachs focused on dealing with Asia, specifically those in the debt vehicle and real estate. At Princeton University Investments Company Peter Briger provides his services as a member in the board, and at the Central Park Conservancy, he offers strong financial support. A non-profit organization like Tripping Point he is an active supporter the organization is responsible for the support of low-income families that are based in San Francisco. Peter Briger attended Princeton to gain his undergrads, and at the Wharton School of Business, he obtained his master’s in business.
Read more: https://www.bizjournals.com/newyork/potmsearch/detail/submission/6455147/Peter_Briger
As a leading company in the rapidly evolving financial tech sector, GreenSky has made a name for itself over the past decade. Founded in 2006, the company has become a leader in providing banks and merchants with the technology needed to make consumer loans related to home improvements, healthcare, and other areas. To date, the company has seen more than $5 billion lent through its credit program.
With its CEO David Zalik winning the National Entrepreneur of the Year Award in 2016 for his innovative financial services programs, GreenSky has found itself gaining more and more recognition for its innovative technology and marketing strategies. According to Wikipedia, while the company may not be as well-known as similar companies such as Lending Club or Social Finance, it has nevertheless formed more and more partnerships with banks that use its technology to make loans to customers. To date, the company has partnerships established with 14 banks, and expects that number to grow exponentially over the next several years.
As GreenSky continues to find success, expansion is happening at a rapid pace. Founded in Atlanta, it has fostered numerous expansions over the past several years, including a multi-million dollar one in Atlanta that led to the creation of more than 350 jobs. In yet another expansion, the company also established a call center in Kentucky, adding even more jobs. As of now, the company employs over 1,000 workers, and is hoping to double that number within 10 years.
Technology First, Now, and Always
While many people mistakenly believe GreenSky is a bank unto itself, that is not the case at all. As CEO David Zalik has explained on numerous occasions, GreenSky is first and foremost a technology company, and has no plans to become a bank or compete with lenders. With a current capital value of nearly $4 billion, the Wall Street Journal has rated the company as one of the most valuable financial technology companies in the world. With this kind of success, the sky is the limit for GreenSky.