Peter Briger is one of the top alternative asset managers in the world. He is a product of Princeton University, graduating from that educational institution in 1986. He also attended the University of Pennsylvania, Wharton School of Business, in order to acquire his masters of business administration.
He began his career on Wall Street at Goldman Sachs. His skill at private and distressed credit, buying low and selling high, led to him earning the moniker “King of Debt”. He spent 15 years at Goldman Sachs before he was lured by the executives at Fortress Investment Group, LLC, to join their team as a principal and head of private credit in 2002. Today, Peter Briger is also the co-chairman of the board of directors.
Essentially, he creates wealth from buying assets nobody else wants to buy with his specialty being distressed debt. Examples of this when Peter Briger was at Goldman Sachs include buying underwater mortgages in Japan, a failing South Korean booze firm, and a troubled power plant in England. His strategy is to buy assets that other sources of capital are taking a pass on because of factors like political pressure and economic problems.
After purchasing this sort of distressed debt he holds onto it until the market has stabilized. At that point, the assets he bought have greatly increased in value and so he sells them to mainstream sources of capital and invests in new distressed debt. It sounds simple but it takes world-class investment prowess to actually pull off successfully. Most who try this type of investing fail miserably at it.
Peter Briger has been just as highly successful at Fortress Investment Group as he had been at Goldman Sachs. At one point one of the funds he was running, “Fortress Credit Opportunities Fund IV”, was bringing in 87 percent of the total new capital raised by his company for an entire quarter. He says that after the stock market crash of 2009 he has been uncovering huge opportunities in distressed debt, mainly because banks have been pressured by regulations to sell it off for pennies on the dollar.
Visit his LinkedIn : https://www.bloomberg.com/research/stocks/private/person.asp?personId=1155225&privcapId=666715
Fortress Investment Group LLC is an investment management firm that manages assets in various types of funds, such as private equity fund for example. Its staff are very experiences and specialized in various investment strategies, and supports over 1,500 institutional investors and private clients around the world. Fortress Investment Group works diligently to find the best opportunities for their investors.
Partnership with iPass
Fortress Investment Group recently partnered with iPass, the world’s largest Wi-Fi network. This allows the investors to have secure access to investments in iPass. The amount of funding equaled to $20 million. Garry Griffiths is the CEO and President of iPass, and is glad that their financial sheets are flourishing, as this will allow them to focus more on growing their revenue and closing the gap to profitability. iPass used their patents as the security to the funded loan, and hope its credibility will prove to their clients that their iPass SmartConnect and Veri-Fi products are powerful. iPass allows customers and businesses to access millions of Wi-Fi hotspots to are always on. With the partnership with Fortress, iPass also received $10 million.
Private Train to cut on Traffic Time
Wes Edens is the Co-Founder and Co-Chair of Fortress Investment Group, and has started the United States’s first private intercity passenger railroad in Florida. Brightline is the name of the train line and provides another mode of transportation between Miami and Fort Lauderdale. The company owned train will provide riders with free Wi-Fi, power outlets, USB ports, and leather seats. The group also plans on expanding the line to other major US cities in the near future.
A Financial Force
Since its founding back in 1998, Fortress Investment Group has been a trailblazer as a private equity firm. The firm has control over $43 billion worth of assets in private equity, permanent capital vehicles, and hedge funds. The company takes high risks, which leads to greater returns over the long term. It is able to succeed because it follows a few core specializations: asset-based investing, operations management, corporate mergers and acquisitions, capital markets, and sector-specific knowledge of companies and institutions. Today, the firm has a great track record of managing investment portfolios with their wide knowledge of various industries.
From hs childhood in Montreal Canada, it was clear that Louis Chenevert would be something in life. His passion for business especially on the production line, would finally enable him become an accomplished production manager at General Motors, advisor of Goldman Sachs Canada, United Technologies’ CEO, and unprecedented Aerospace Production Manager at Pratt & Whitney. The story of this Canadian businessman is worth reading. Everywhere Louis Chenevert went flourished. He could come in a company and within a short span; Louis Chenevert could streamline the production sector to hit targets that would never be attained otherwise.
Louis Chenevert was born in Montreal, Canada. He graduated with a Degree in Production Management from the HEC Montreal School, a faculty at the University of Montreal. He knew that the skilled he garnered at school would help him ensure that goods and products are produced at a fast speed without compromising on the quality of the product. This would be seen later when a friend of his, Hachey introduced Louis Chenevert to GM’s St. Therese, Quebec branch.
Hachey is a good man. He was quick to see Louis’ potential. For this reason, Hachey ensured that every time he moved up the managerial position, he moved along with Louis. This is how Louis Chenevert landed in the St. Therese GM motor vehicle assembly line. When Louis got into the production line, producing a new vehicle would take several minutes. He chanced all this. During his 14 year-tenure at St. Therese GM Assembly Line, Louis’ department would produce a new and fault-free vehicle every minute! But there would come a time he’d move from the motor vehicle industry.
The two guys moved from General Motors to producing aircraft engines. Hachey went to Bombardier Aerospace where he rose from junior ranks between 2008, when he joined the company and 2014 when he assumed the seat of the President and the Chief Operating Officer.
As for Louis Chenevert, he also made a move to the aerospace sector. For him, he landed at Pratt & Whitney Canada. Of course this was with the help of another long-term friend at GM Canada. While Louis Chenevert joined PWC in 1993, his other friend Karl Krapek was president of United Technologies Corporation. While at PWC, Louis Chenevert helped the airliner producer to cut the amount of time of producing new engines from 24 months to 9 months. This was a great achievement.
Most of us might think of Twitter as a place where little can be learned. We probably value it for the fact that it can entertain us and make us laugh, but few people would point to it as a source of education most of the time. Fortunately, there are people like Shervin Pishevar who can help to change that viewpoint one tweet at a time.
Shervin Pishevar, an early investor in AirBnb, takes to Twitter regularly to express his views on topics like the economy and how politics impact the economy. He likes to point out when he believes that people are making mistakes with their investments and a whole wide variety of other issues. That being said, Shervin Pishevar is also the kind of person who has experience making smart economic choices in his personal life. Therefore, his opinions should carry more weight than the average person’s on these topics.
In a recent tweet storm, Shervin Pishevar released fifty numbered tweets that went through point by point why he believes that the stock market is set up to fail in the near future. He also thinks that Bitcoin is not a safe haven like so many have hoped that it might be for them. Finally, he talks about how the American Dream has been exported so effectively at this point that many great inventions are now going to come from the shores of foreign lands rather than from our own country.
Shervin Pishevar said all of these things over a period of twenty-one hours on Twitter. He went through line by line why he feels the way that he does about each and every one of these things. He took a contrarian view on certain things simply because that is how he honestly feels about them. All in all, he made sure that there was no question in the minds of anyone who read his material about where he was on the question of so many of these issues. He wanted them all to know his positions, and now we all really do. It is so enlightening to read the thoughts of someone who has actually proven himself to be worth reading.
It is easy to enjoy music and all that comes with it, but rarely does the mind drift to think of who is behind the beats we love to move to. While the power remains off the stage, many of us like to think of it all as the artiste’s doing. One person that has been consistent when it comes to the dealings of most of our celebrities ranging from Beyonce, Jay Z, Kanye West to Rihanna, is Desiree Perez. She has been able to maintain the position of Chief Operating Officer at ROC Nation, a well-known American entertainment company, all the way from 2009. With a strong knack for business, Desiree has over the years been involved in publishing and labeling operations and management as well.
Desiree’s Input in Music
At 47, Des has earned a reputation as a force to be reckoned with. She is mostly known as Jay-Z’s close associate that is as tough as a cookie with her skilled negotiation. She is the brain behind the negotiations in the Beyoncé Formation Stadium. She has also stepped in the Rihanna deal, helping her secure a deal with Samsung. She has been involved in the addition of several artists to the ROC Nation. These artistes include Saquon Barkley.
With twenty years in ROC Nation to boast about, it can only be concluded that Desiree is as qualified as can be when it comes to matters entertainment. While running ROC Nation is no mean feat, she has been able to take charge and specially deliver results. She is an inspiration to the artists that inspire the whole world, and she is an inspiration to ROC Nation as well. With such a clean record, she can only get better, and we can expect to see the best from the company and artists that she continues to mentor in the years to come.