Fortress Investment Group: Peter Bridger

Fortress Investment Group is well known throughout the world. In 2017 it was acquired by Softbank group Corporation. Softbank group Corporation is a technology company in the country of Japan that is well known for its position in the markets. In an effort to increase their power in the financial industry they acquire the company Fortress Investment Group at a premium of $2.25 per share. This trade represented a $140 increase in valuation for the company. Peter Bridger is currently the principal and a cochairman of the board of directors for Fortress Investment Group. He helps to manage part of the company’s credit division.

Peter Bridger originally went to school at Princeton University where he received his bachelors of arts degree. He went on to continue his education by obtaining a graduate degree and Masters of business administration from the Wharton school of business at the University of Pennsylvania. He then went on to work at Goldman Sachs. Goldman Sachs is one of the largest and most respected members of the financial industry in the world. He had a tenure of around 15 years at the Corporation and managed to become a business partner for them. While he is one of the most significant forces that created revenues for Goldman Sachs he felt that he was not fairly compensated for the revenues that he generated the Corporation. In response to this undervaluation, Peter Bridger went on to join a workers investment group in 2002 ending his 15 year long career with Goldman Sachs.

Today he continues to serve as principal of fortress and a co-chairman of the board of directors. He had managed to build himself a significant amount of wealth through the trading of distressed debt, an asset class that very few other investors want to touch. By taking advantage of opportunities that he saw in the aftermath of the financial crisis of 2008 he was able to purchase assets at the discounts. By purchasing these assets at steep discounts, he was able to generate an impressive internal rate of return. Some of these rates of return have increased to almost 25%, and there is evidence that he is still getting these levels of returns even today. While the financial crisis is over it does seem that Peter Bridger is still profiting from distressed assets. Peter Bridger will continue to capitalize on any opportunity that he sees in distressed assets in order to help propel Fortress Investment Group to the future.