Joe Fagan

Former Soccer Star, Now Soccer Fan


November 20, 2019

Who is Fortress Invest Group and What Is It Like To Work For Them?

Formed in 1998, Fortress Investment Group is a leading diversified global investment group that manages assets worth more than $36.1 billion. They manage assets for over 1,750 institutional clients and private investors worldwide across credit, real estate, permanent capital and equity investment. Fortress Investment Group is also home to 953 asset management employees, which include 216 investment professional based out of New York with affiliate offices all around the globe. Learn more about Fortress Investment Group at therealdeal.com

That said, what are employees saying about the firm?

With any organization, employees are at the center of everything they do and it’s no secret that a happy employee results in happy clients.

Is that the case with Fortress Investment Group?

To answer these question I sifted through the firm’s Glassdoor page to better gain a sense of what it is like to interview for a position, general employee impression about the firm and thoughts on benefits offered.

When it comes to interviews, the firm utilizes various methods to carry out interviews. This includes over the phone, video-based (such as Google Hangout) and more traditional in-person interviews. Overall, the census is that a majority of interviewees walked away with a positive experience.

One reviewer who had applied for an operations/invoice processing position stated they interviewed after a week of applying with no tricky questions in addition to a basic job description of what responsibilities they would have. A second individual indicated the process was easy, and as a freshman in college landed a summer intern position even though there was no formal application for the position.

Working for Fortress Investment Group, many would recommend to a friend. For one current employee, they wrote, “great people to work with…across the division. Further, collaboration between teams is easy, [and] the flat organization structure helps promote communication across the team.” Another added that “management is great, internal HR [is] exceptional, [and] you get a chance to know different industries.” Working for the firm turned out to be a great experience for many who left a review and their CEO was also rated very highly which reflects positively on the company overall. A user that interviewed for a Vice President position wrote “all people I interviewed [with were] friendly and easy to talk to. Group has a laid-back atmosphere, but team members are smart and professional.”

These reviews bode are great for the frim and generally seem very diverse in background and experience across the board.

Lastly, Fortress Investment Group was rated highly regarding benefits. They offer “amazing medical insurance, dental, vision” and their “401k is very strong”.

Even with this brief dive into what it is like working with Fortress Investment Group, I think it is safe to say they are a great company to work for once you get your foot into the door. They offer many challenges and many great benefits to their employees. Last but not least, I want to add that everyone will have a different experience, but let this be an idea of what you could expect.

Connect: https://www.linkedin.com/company/fortress-investment-group

August 11, 2019

Distressed Assets Strategist Peter Briger

In the earlier years of his career in the financial industry, Peter Briger worked at Goldman, Sachs and Company, becoming a Partner in the business in 1996, then going on to co-found its Special Situations Group, a venture that is considered to be one of the main reasons for increasing the company’s annual revenue over the last decade. After staying with Goldman, Sachs and Company for 15 years, he moved on to an executive position at Fortress Investment Group in 2002. At Fortress, he became the manager of its Credit and Real Estate division, and by November of 2006, he became the Principal at the company, and was later elected as its Co-Chairman in August 2009.

Peter Briger built his financial security by focusing on the type of assets that are not desirable to other investors, with his biggest interest being in distressed debt. In an interview with Institutional Investors, the financial strategist referred to his business as the financial services garbage collection, explaining that when regulatory changes force banks to sell non-performing or risky assets, Fortress doesn’t hesitate to buy them at a huge discount. He uses the buy low, sell high method to keep increasing his bottom line. See more on Wikipedia.

Since he’s been employed at Fortress Investment Group, Peter Briger has raised more than $4 billion for the company’s Credit Opps Fund IV. The company was founded in 1998 by partners Wes Edens, Rob Kauffman and Randal Nardon, and it specializes in asset management, as well as corporate mergers and acquisitions. It was the country’s first private equity firm to be traded on the New York Stock Exchange after it was launched in 2007, which is the same year that Peter Briger made the Forbes Billionaire List.

The financial executive attended Princeton University and graduated with a Bachelor’s degree in Business Administration, and he later earned an MBA from the Wharton School of Business at the University of Pennsylvania. He is a board member of Tipping Point, a non-profit organization that is focused on low-income families in the San Francisco area, and of a college-prep charter schools network called Caliber Schools. Connect: https://www.linkedin.com/in/peterbriger