Tag Archives: Investor

Wes Eden Success In Business And Sports

Fortress Investment Group has been a key player in the industry since inception in 1998. For instance, in 2007, the company became the first private equity firm to offer Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). Since then, the company has grown into the global market controlling over forty-three billion of assets belonging to almost two thousand investors. Furthermore, the company also controls permanent capital vehicles and hedge funds. Fortress Investment Group key strategy is focusing on strong risk-adjusted returns in the long run for investors.

Establishment

Fortress Investment Group was established by Randal Nardone, Wes Edens, and Rob Kauffman. Although Nardone and Edens are still involved with the company, Kauffman retired in 2002 to venture into car racing. Prior to founding the company, the principals worked for many years at various prominent private equity firms like Goldman Sachs and others. They, therefore, brought immense experience and expertise in investment management that enable the company to grow rapidly. Their initial goal was to create an investment company that could offer alternative solutions to investment management in the industry. Assets under the management of the company increased significantly in the first five years from four hundred million dollars to almost four billion dollars. At the time of going public, asset under management was over thirty billion dollars.

Current operations

Operations at Fortress Investment Group are categorized into three main segments; the credit, private equity, and permanent capital vehicles. The credit division is led by Briger and Dean Dakolias and was established in 2002. The division comprises the Fortress Credit Opportunities Funds, the Fortress Japan Income Fund among others. Investments in this division focus on distressed and illiquid investments as well as undervalued assets. The private equity division is controlled by Wes Edens and Randal Nardone. The division controls the cash flow from the Caribbean, North America, and Europe investments. The permanent Capital vehiclesdisvision, on the other hand, is concerned with the management of the company’s capital vehicles. The capital vehicles focus on investment in media assets, real estate, and transportation logistics among other areas.

About Wes Edens

Wes Edens is among the founders of Fortress Investment Group where he leads the private equity division. Prior to co-founding Fortress, he served senior positions at Lehman brothers and BlackRock companies. His Investment approach enabled the company to obtain considerable returns from distressed capital markets. Apart from being successful in the world of business, Wes Edens is also prominently involved in sports. In 2014, he partnered with Marc Lasry to purchase the Milwaukee Bucks at half a billion dollars.

Peter Briger Continues to Be a Driving Force at Fortress Investment Group

Peter Briger is the Principal and Chairman of Fortress Investment Group, an alternative asset manager. Initiated in 1998, Fortress Investment Group oversees assets from 1,750 clients and private investors; these assets utilize private equity, permanent capital investment strategies and credit and real estate strategies. Fortress Investment Group began an IPO to the public markets in 2007. Peter Briger earned his Master’s Degree in Business Administration from the University of Pennsylvania’s Wharton School of Business after graduating with a Bachelor’s Degree from Princeton University. Peter Briger came to Fortress Investment Group in 2002 after working at Goldman Sachs for 15 years. He initially led the Fortress Investment Group’s debt securities and real estate ventures, and he currently is a principal and Co-Chairman of the Board of Directors at Fortress Investment Group.

Peter Briger’s role as Principal at Fortress Investment Group is to lead a team of over 300 members that focuses on investing in distress credit investments and assets that are undervalued.While at Goldman Sachs, Peter Briger co-founded the Special Situations Group, a highly successful and profitable group that helped drive Goldman Sach’s revenue over the next several decades. By buying and selling assets that had lost funding from mainstream capital sources, Peter Briger and his team were able to earn extensive profits for Goldman Sachs by selling shares when these companies became popular again in their respective markets. Peter Briger is involved in many charitable works, including participating with the Silicon Valley Council, a group that oversees funds for children around the world. Peter Briger spends much of his time and resources promoting other charitable efforts designed to support children in poverty by providing education and resources.

Peter Briger is a long-time supporter of Central Park in New York City and has invested upwards of $600 million to help conserve and maintain the park.Peter Briger is also on the board of many philanthropic organizations such as the Princeton University Investment Company, the Global Fund for Children and the Hospital for Special Surgery. Not content with solely maintaining a productive presence at Fortress Investment Group, Peter Briger continues to be involved in many other public interests and community concerns around the world. Peter Briger has been on the Forbes list of World Billionaires many times over the years and has always been willing to share his wealth with others. With his financial acumen and drive, Peter Briger is an asset to any business venture or philanthropic outreach.