The King of Debt at Fortress Investment Group; Peter Briger Jr.

Fortress Investment Group came out to the public stock exchange market for the first time in February 2007. The initial public offer (IPO) made Peter Briger Jr. an official dollar billionaire. All his shares were at the time worth a total amount of $2 billion. Briger Jr. had a total of 66 million shares in Fortress Investment Group which is currently a publicly traded company on the New York Stock Exchange. Unfortunately, there was a recession for the high water mark for Mr Briger. As of 2018, Fortress Investment Group’s shares have decreased exponentially to 74% since the initial public offer. Briger only owns about 44 million of the shares in the company which are worth just over $350 million. Briger remains an elite player of personal asset investment in the shadows despite the significant hit to his net worth.

In this article, we are going to illustrate how Briger ascended to the top of this secret corner in the world of asset investment. In 2002, Briger joined Fortress Investment Group after spending over 15 years at Goldman Sachs. Briger joined the team at Fortress to lead the debt securities and real estate businesses. This was at a time when the company was determined to diversify from its primary business of private equity. Today, Briger serves as the co-chairman of the board of directors and as the Principle of Fortress Investment Group. Peter Briger’s wealth has been built on his expertise to trade stocks and assets that are not attractive to investors. For many years, Briger has specialized in distressed debt. His expertise in distressed debt was put on display after he co-founded the Special Situations Group at Goldman Sachs.

This was back in 1997.The group was famous for its incredibly secretive operations which yielded trades that were highly profitable. During the past decade, Goldman’s Special Situations Group has received credit for being the core driver of the company’s revenue. Just to tell you how this group has been successful, Goldman Sach’s co-founder left the company back in the year 2007. Mark McGoldrick said that he was he was Getting more returns as compared to his $70 million annual salary at Goldman Sachs. During their peak days at Goldman Sachs, McGoldrick, Briger and their colleagues purchased and sold troubled mortgages in Japan, car loans in Thailand, commercial aircraft, a South Korean beverage company and a British power plant. The idea in all these endeavors was the purchase of assets that were not attractive to the majority of the investors.

Madison Street Capital: Building Partnerships and Reputations

Madison Street Capital just recently announced they made a growth Madison investment on behalf of their client, Sterling Packaging. Sterling Packaging is a manufacturer of folding cartons and was looking to expand into Monroeville, Alabama. The building that Sterling Packaging is expanding into was a big part in what began the partnership between Sterling Packaging and Druid Capital Partners. Madison Street Capital is proud to have brought these two clients together. Learn more: https://www.linkedin.com/company/madison-street-capital-llc

 

Jay Rodgers is the Senior managing Director for Madison Street Capital. Mr Rodgers led this transaction. Jay Rodgers is certain that Sterling Packaging and its customers will truly benefit from this partnership between Sterling Packaging and Druid Capital Partners. Sterling Packaging is run by the Hickson family, Jim and Debbie, as well as their children, Kelly and Colin, Together, the Hickson’s and their team have done a fantastic job in growing their business in part because of their superior product offering.

 

Martin Holt is a Managing Partner at Druid Capital and added that Druid Capital is pleased with this new partnership. They also wanted to thank Madison Street Capital for putting them together with the right partners. They look forward to working with the Hickson’s for years to come. stated. Learn more: http://madisonstreetcapital.org/

 

Madison Street Capital provide services like these for their clients to put them in positions to succeed in the business industry all over the world. Madison Street Capital prides themselves on doing business with integrity, leadership, excellence, and service to each of its clients. Madison Street Capital reputation is built on these values.

 

Madison Street Capital was founded in 2005. It is an investment banking firm that provides a variety of financial services to its clients. Madison Street Capital does understand that every client is different and carefully evaluates the company to provide only the services that will benefit them and help them grow financially.

 

Madison Street Capital has offices located in North America, Africa, and Asia. Madison Street Capital combines their reputation, their knowledge, their commitment, their experience, and their relationships to suggest only the best financing and capitalization structures to each of their clients specific circumstances. Learn more: https://www.crunchbase.com/organization/madison-street-capital