Fortress Investment Group Recently Acquired By SoftBank Group Corp

Financial, Investment

Fortress Investment Group is geared up to raise approximately $2 billion. This money is earmarked for direct lending and raised under the ownership of Softbank Group Corp. Another 5 billion for flagship credit opportunities. This moves Fortress into the next step as Softbank.

Fortress changed its lineup following the SoftBank Group purchase of Fortress and promoted Josh Pack and Drew Mcknight to managing partners in the credit group while Joel Holsinger left the firm. Fortress studies other money management groups in the ring and noticed that they’ve closed their direct lending pools. Asset manager sees this as an opportunity to pick up where the other investment companies left off.

A little background on Fortress Investment Group. It manages alternative assets. Fortress Investment Group was founded in 1998 and has over 1,100 employees. With a keen eye on a plethora of investment strategies, they provide a service for over 17,000 clients worldwide. Softbank became the owner of Fortress in February 2017 for an estimated $3.3 Billion. The acquisition was completed after the agreement to all conditions.

Since January 2008 Fortress has invested in 24 companies like Lotterydotcom, MoneyMe, Mash, Litify and Bluevine just to name a few. These companies provide a range of services such as loan financing to other businesses, Cloud Video Surveillance, producing devices for small bones and joints, data archive solutions, and more. Fortress Investment Group in 2007 was dubbed the largest private equity firm in the US to be traded. as of December 2017.

Fortress boasts of approximately $43 Billion in assets. While headquartered in New York, Fortress has affiliate offices worldwide. The company’s forte in pricing, owning, financing, and management of assets from real estate business to financial assets. They have developed an investment team armed with the knowledge of the fields they invest in. This gives Fortress a leg up in the industry when making investments.

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The End of One You and the Start of Another

Business, Health, Health Care, Investment

In some ways, giving the Youth Enhancement System a spin is like ending the old lifestyle that was breaking you apart and starting anew once more. While there’s never truly a replacement to taking care of yourself — exercise, eating well, the whole nine — you can get awfully close with Jeunesse’s line of youth enhancement products, which are designed to target not the ailments themselves but the body’s repair systems. That’s to say that it improves your biological garrison and fortifies the gates with immune boosters, fitness aids and more. There’s a well-rounded system at play, but it wasn’t without a great deal of effort to build the alternative wellness solution company from the ground up.

Jeunesse started off as an ambitious goal between two aging entrepreneurs who’d seen much of life’s offerings in their time as successful enterprisers. Randy Ray decided to unite with Wendy Lewis on September 9 at exactly 9 o’clock in the evening; the year was none other than 2009 — less than a decade ago. The company has come a long way in such a short time, beginning as a multi-level marketing platform that sold all-natural health products for people young and old to realize their potential once more. Behind the symbolism of the number 9 is the intense belief that longevity and wellness for all is the only purposeful way for the duo to live now, and to this day, the Jeunesse Family stands as a testament to the vision that now embraces the world at large.

The Youth Enhancement System is the cornerstone product that the company offers to solve age-based issues stemming from free radicals, compromised immune functions, sedentary living and more. The range of application methods is quite extensive, and this is to optimize the introduction of the following benefits individually:

  • Improved ability to fall asleep and remain that way for the whole night
  • Quicker and easier waking in the mornings
  • Elevated mood and attitude
  • Enhanced sharpness of mind
  • Amped-up energy to stay on the move all day
  • Boosted immune and repair processes

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Why Forbes Featured Peter Briger; The President And Co-Chairman Of Fortress Investment Group

Investment, Investment Banking

Peter Briger is a Principal at Fortress Investment Group LLC. He is equally a Co-Chairman of the Board of Directors of the company. Prior to becoming the co-chairman of the board of directors, he had been a member of the management committee of the company.

Educational Background

Peter holds a Bachelor of Arts degree in Business Administration from Princeton University.Additionally, he has a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania.

 Peter Briger’s Professional Career

Peter Briger’s professional career started at the Goldman Sachs and Co where he worked for 15 years. There, he became a partner in 1996. While at Goldman Sachs and Co, Peter was appointed as the head of these committees:

  • Asian Management Committee,
  • Global Control and Compliance Committee, and
  • Japan Executive Committee.

Also, he was appointed as a co-head of various groups at Goldman Sachs and Co. These groups include but not limited to the following:

  • Whole Loan Sales and Trading Business
  • Asian Real Estate Private Equity Business
  • Special Opportunities (Asia) Fund LLC
  • Asian Distressed Debt Business

And in 2002, he joined the Fortress Investment Group where he managed the hybrid hedge fund operation as well as the Credit and Real Estate business at the firm.

Peter’s journey at Fortress Investment Group

Peter joined the firm in 2002. In 2007, he featured on the Forbes list of top 400 business professionals in the US. And he ranked as number 317 with a net worth of $1.5 billion. Forbes included him because he had gained a duly deserved recognition.Then in 2009, he was elected as the co-chairman; a great development that stemmed from the fact that he had been impressive since joining the company. What Employees are saying about Peter Briger and the top Executives at Fortress Investment Group .Most of the employees at the company have confirmed that the organization is the best place to work. Employees’ performance, dedication, and hard-work are recognized by the top management executives of the organization.The interns have equally testified that they have been able to learn a lot of skills during their short stay at the company.In addition, the company has been described by both past and present employees that the company is a good place to work.Furthermore, Peter has been able to prove that he is vastly experienced in asset management and investments with his over 2 decades experience in the industry. More so, he is a reputable leader and an outstanding business professional.

Peter Briger: Leading Fortress Group Into The Future Of The Financial Field

Company, Investment

Being a well-known name in the financial field is not an easy task, especially in the cut-throat competitive setting of Wall Street. The companies that make it here are the ones that have made it big time, and the people that stand out here are some of the most learned members of their respective fields. Specifically, when it comes to financing, Peter Bridger is a name that a lot of people tend to know. Serving as the co-chairman of Fortress Investment Group, Bridger has served as a vital member of the company and of the field for an incredibly extended period. The first time Peter Bridger decided to join the company was in 2002 and since then, has only contributed positively to the work that Fortress Investment Group does. He has been a vital member of the organization and has improved the overall workings of the company and the range of services that they provide. Through the years, Peter Bridger has been able to develop a number of positive strategies and business developments that have helped the company reach a more favorable position within the field, and have increased the overall portfolio that the company possesses.

One of the reasons why Peter Bridger has been able to implement so many positive improvements to the company is because of the past professional experiences that he has had through the course of his career. One of the more notable professional endeavors that Peter Bridger had taken on before working at Fortress Investment Group was a position at Goldman Sachs. This was a noteworthy position that shaped up Peter Bridger to be the name that he is today, and is also one which helped him grow incredibly through the course of his career. He learned from some of the most proficient professionals in the field and began to implement all that they were doing in the work that he was tasked to perform. Over time, he started to adopt a more hands-on approach to the field and the job that he possessed, which was something that aided him in his overall professional growth.

The experiences that Peter Bridger had at Goldman Sachs greatly impacted the work that he was doing at Fortress Investment Group. He was the reason why the company decided to become public and appear on the New York Stock Exchange. He decided to improve the workings of the company through this manner, which also made Fortress Investment Group one of the first investment companies to become public. Several other names in the field soon followed after in their footsteps, and none of this would have been possible without the guidance of Peter Bridger.

While it may seem that Peter Bridger is heavily focused on the work that he does, he still tries to partake in charitable ventures to make a difference to the lives of people all over the world. Peter Bridger regularly donated to charities and organizations and teams up for events that are contributing to a better society. He has also given millions towards organizations that are working towards helping him achieve this goal.

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How Peter Briger Became A Billionaire

Business Leaders, Investment

Peter Briger is a billionaire who currently lives in San Francisco, California. He is the principal and co-chief executive officer of Fortress Investment Group which is headquartered in New York, New York. He has been in the financial industry for over two decades where he has been managing assets. Fortress Investment Group is one of the world’s leading investment management firms which offers its services to institutional and private investors. They manage over $65 billion in assets under management. He is a graduate of Princeton, where he earned his bachelor’s degree. He also attended the University of Pennsylvania’ Wharton School of Business where he earned his master of business administration.

For 15 years Peter Briger worked for Goldman Sachs & Co. His acumen at investing in alternative assets led to him becoming a partner of this financial firm in 1996. While he worked there he was on a number of their top committees. Among these were the Japan Executive Committee, the Asian Management Committee, and the Global Control and Compliance Committee. He also held multiple leadership roles at Goldman Sachs such as co-heading the Asian Distressed Debt business and the Whole Loan Sales and Trading Business among others.It was in 2002 that Peter Briger joined Fortress Investment Group. He was responsible for building up their Fortress Credit business which he continues to manage himself.

This division of the company employs over 300 people. He specializes at investing in undervalued assets, distressed investments, and those which are illiquid in nature. Because of his success at investing in alternative assets like these Forbes Magazine had him ranked as the 317th wealthiest person in the world with an estimated net worth of $1.5 billion.Beyond his alternative investing career, Peter Briger is a member of a number of organizations. He is part of the Princeton Entrepreneurship Council, for example. He has a seat on this nonprofit’s alumni advisory board where he offers students access to his investment, business and leadership skills. He is also involved with the Global Fund for Children as he sits on their Silicon Valley Leadership Council. Additionally, he is on the Council on Foreign Relations. This is a nonpartisan organization which helps elected officials and the general public understand foreign policy issues better. Peter Briger is married and they have four children at home.

George Soros, Making A Difference In Philanthropy

Financial, Investment

George Soros is considered to be one of the biggest philanthropists in the world. He has given over 32 billion of his own fortunes to fund Open Society Foundations around the world. The idea of having open societies in the whole world is one that is close to his heart. He doesn’t just give to support the idea, he has taken an active role to see that the idea is embraced and practised.

George Soros first encountered the idea of open societies while reading the book Open societies and its enemies by Karl Popper while in college. In this book, Karl popper explained that there is no absolute idea, truth or philosophy. He explained that for any society or government to flourish, there has to be democratic governance, the people have to be free to express themselves and their rights respected. Karl Popper’s idea of open society was a revelation to Mr Soros. Having come from a closed society, this idea was so practical to him.

George Soros is a Hungarian Jew. He grew up during the Nazi occupation and experience first-hand what ‘absolute philosophy’ can do to a people. He saw thousands of Jewish families be killed and discriminated at this time. His family managed to escape by concealing their past and acquiring new identification papers. When this worked out for them, they set out to help other families do the same. This saw his family help out a lot of Jewish families. This saw the birth of his desire to see closed societies opened and open societies functioning better.

In 1947, Mr Soros moved to America where he had a career of a railway porter as well as a night club waiter to cater for his education at London school of economics. He later joined the world of finance investments where he made his fortune. Once he made more than he needed, he founded the open society foundations, OSF. OSF is a network of foundations, partners and projects that run in over 100 countries across the world. The main objectives of this foundation are; to open up closed societies, help open societies function better and ensure that human rights are respected in governments.

The whole venture is based on Karl Popper’s book. Through OSF, George Soros has been able to facilitate organizations whose objectives are aligned with theirs. He says, when working with organizations in communist countries, it’s quite easy since they already know what open society is and what they need to do and all OSF does is facilitate.

OSF has also seen thousands of students go to schools and colleges. They provide school fees for students who face discrimination based on who they are or where they live. Through this venture, he has been able to help the Roma people living in Europe, sex workers and LGBTIs. Because of the Idea Open Society Foundation stands for, it has attracted support from many people who dedicated to bettering governing systems in the world. Kofi Annan says that what makes Mr Soros’ initiative so effective is the fact that it seeks to change minds and not circumstances. By fostering critical thinking, he has been able to see societies become more open and viable.

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