In 1998 Wesley R. Edens, Rob Kauffman, and Randal Nardone came together and founded the Fortress Investment Group. At the time they were able to grow their investment of 400 million to about 3.5 billion with the first few years. In fact, in the years between the years of 1999 and 2006 they were doing about thirty nine percent on there private equity funds this meant that by the time the fortress Investment group listed its IPO in 2007 they were at thirty-two billion under asset management. This level of success is what has continued to give the over 1750 investors confidence in the group. Today the group has headquarters in New York, Singapore and Shanghai. This is one of the most diversified asset management groups on the NYSE and it’s something their current Co-CEO sees as a growing strength that needs to be tapped more.
Peter Briger the current Principal and Co-Chairman of the Board of Directors is one who sees career and Philanthropy as conjoined twins who go hand in hand. He is a firm believer in the power of giving back to society and putting in as much effort in worthwhile causes as that put in career. He has been a bright light in the various charities he has been part of over the years and this was especially brought to light in the Silicon Valley Leadership Council for the Global Fund for Children. This continues to show his passion for the welfare of children and the firm believe that all children are born equal and deserve an opportunity to live their best lives from the day they are born. He is also a member of the Council on Foreign Relations this is a committee that brings together business leaders who have a deep understanding of foreign relations and their importance to the country.
They then try and bridge the gap between the understanding held by the citizenry and its leadership. Having held various positions in the international arena, Peter Briger has a lot to offer in this committee. The fortress investment Group Co-CEO is also very passionate about entrepreneurship, this is the reason he was so eager to join in the committee that supports entrepreneurs at Princeton his alma mater. Princeton is one of the most dedicated universities in the country catering for business-oriented students as well as future entrepreneurs. He contributes his time and money towards the realization of the Princeton entrepreneurial dream. He has a lot of appreciation for the school having begun his life as a business leader here eventually leading him to the Fortress Investment Group.