The Fortress Investment Group is one of the largest private equity firms in America today. Three principals are leading the company, and one of them is Peter Briger. The founders of the company were Wesley Edens, Randal Nardone, and Rob Kauffman, and they were the original principals. However, Rob Kauffman left the company, and the two remaining founders had to look for someone else who is willing to replace the post left out by Rob Kauffman. Peter Briger heard about the news that the Fortress Investment Group was hiring new leaders for the company, and he signed up. He showed his colleagues how he works professionally, and after weeks of proving his worth, he was hired by the Fortress Investment Group, and he was made into a principal, as well as the co-chairman of the board of directors.
The Fortress Investment Group was founded in 1998, and Peter Briger came into the spotlight in 2002. During his first years with the company, he directed the department under his control to think of ideas that would be beneficial to the business. One of the things that he considered was the introduction of the Fortress Investment Group as a public stock, and he relayed the idea to his co-principals. Wesley Edens and Randal Nardone thought that the plan would be possible, and the three started to speak with the New York Stock Exchange about their proposal of introducing the company as a business that can be shared by the public.
The Fortress Investment Group made its debut at the New York Stock Exchange in February 2007. Investors have started to buy shares from the company, hoping that it would kick off their value. After their introduction to the stock market, the Fortress Investment Group reported that a huge number of investors bought more than 8% of the company, and this amount can be translated to as much as $600 million. Peter Briger, being one of the proponents of the idea, felt thankful that it went as planned. Now that the Fortress Investment Group can be traded publicly, many investors have started to put their trust in the company’s performance and more
Today, the Fortress Investment Group is proud to announce that they have more than $65 billion worth of assets, and one of the reasons why it grew tremendously is that of the people working hard to make the company reach new heights.