Peter Briger: The Financial Genius at Fortress Investment Group

Peter Briger is the Co-Chairman of the board of directors at Fortress Investment Group. Briger has Co-Chaired the Fortress Credit Corporation board since August 2009.He joined Fortress in the year 2012 after a successful fifteen-year career at Goldman Sachs. He was tasked with debt security and real estate business at Fortress at a time when the company was seeking to modify its business. Since August 2009 Mr. Peter has been the President, Principal, and Head of Credit & Real Estate Business of Fortress Investment Group

Fortress

Fortress Investment Group (LLC) is a private equity firm that invests in real estate, consumer finance, media and telecommunications, retirement plans and other financial services. Fortress largely offers its services to different clients and high net worth individuals.

 Distressed debt

All through his career Briger has displayed prowess in trading assets that are out of favor in the market. He has especially perfected the art of dealing with securities that are experiencing an operational or financial distress.At Fortress Investment Group, Peter Briger in his first four months raised $4.7 billion for a fund called Fortress Credit Opportunities Fund IV. This was more than half of all the funds raised by Fortress.Even after the financial crisis, Peter Briger has always performed well. When banks and other financial institutions sell off volatile assets, Briger and Fortress always buy them at a discounted fee. The genius of Mr. Briger to turn the volatile assets to favorable ones is something Fortress takes pride in as it brings them good returns.

Forbes ranking

At the height of his career at Fortress, Briger becomes a billionaire during the company’s IPO (Initial Public Offer). Forbes ranks Briger at #317 with an estimated net worth of $1.5 billion.

 More about Peter Briger

Briger attended Princeton University where he received his B.A. He also holds a Wharton School of Business M.B.A at the University of Pennsylvania.Peter Briger is also involved in some philanthropic work. He is a board member of Caliber Schools, which is a group of schools that help in preparing children for Higher Learning to give them a better rate of success after college. He is also a high profile contributor of the Princeton Alumni Entrepreneurs Fund (AEF). A fund that seeks to empower Princeton students and graduates.

Highland Capital Management; Your Partner in Investment

Highland Capital Management is a financial advisory firm and one of the most experienced and the largest alternative credit management company in the world. Established by James Dondero and Mark Okada in the 90s, Highland has over $15.4 billion worth of assets under its management. Highlands specializes in hedge funds and credit strategies, collateralized loan obligations and unique situation private equity. In the course of its operation, Highlands also engages in alternative investments venturing in emerging markets and natural resources.

 

Highlands aims to produce above average returns consistently in its investment approach. The firm applies time-tested principles of investment in balancing portfolios, adding significant value to the investor and the investment process at large. Highland is seen as a pioneer in the collateralized loan obligation (CLO) market having established among the first non-bank CLOs in 1996. Currently, Highlands has structured and overseen close to 40 CLOs with an asset value of approximately $32 billion; this makes Highland the leading CLO manager in the world by assets managed.

 

Highland’s history began in 1990 when its founding partners established a joint venture with Protective Life Insurance Corporation. Through the venture, Mr. Dondero and Mr. Okada specialized in fixed income markets which also involved managing senior secured bank loans. In 1993, Protective Asset Management Company (PAMCO) was formed out of this joint venture. PAMCO, an SEC-registered financial advisor, was co-owned by the two partners and Protective Life. As the company expanded, the partners purchased Protective Life’s stake in PAMCO which amounted to 60 percent of the total holding. They later established Ranger Asset Management, L.P as an independent financial advisor which then changed its name to Highland Capital Management, L.P.

 

Headquartered in Dallas, Texas, Highland Capital Management is now an independently owned investment firm with vast knowledge on products for retail and institutional investors. The firm has over 180 employees based around the world and operates offices in New York City, Seoul, São Paulo and Singapore. Highland has a broad customer base which includes financial institutions, pension plans, and governments. The firm is focused on fulfilling is investors’ interests by offering unique products and acting on new opportunities.