Peter Briger, Principal of Fortress Investment Group
Fortress has been in the investment and real estate business for over two decades, and they have made significant progress for the past 20 years or so. In 2018, it was a phenomenal year for the Fortress Investment Group as it was the year they laid a strong foundation, particularly in private equity and real estate management. The dominance in the world of the financial market explains Peter Briger, got stamped with the purchase and acquisition of Softbank at a tune of $3.3 billion. The investment is a clear signal that Fortress will continue to participate and dominate in developing the real estate and other private equity developments as stated by Peter Briger.
The Fortress was incorporated in early 1998, and ever since, the private limited company has made a name for itself and has attracted investors and financiers from around the world. The company is mainly known for pioneering the first of a kind hedge fund that drew participation worldwide. It became the first such hedge fund to get listed in the New York Securities Exchange.
Since 2017 when acquiring Softbank gained momentum, the company has been in top gear with operations estimated to reach a tune of about $40 billion in global assets notes Peter Briger. These assets are managed by one of their able principles, Randal Nardone and Wes Eden, who is based in the New York office and serve as the Fortress Investment Group headquarter. Peter Briger, who operates from San Francisco, California, will integrate Softbank into the Fortress Investment group’s global strategies and more
Softbank is coming at the right time, and they will be part of the team that will be financing some of the projects that Fortress is undertaking as a company. The company also has stakes in the American Information revolution with several states at the United States telecommunication giant Sprint. Softbank is also a major stakeholder at the Chinese e-commerce giant Alibaba and the online taxi company Uber.