Peter Briger – Future Thinking Leader

The Principal and Co-Chairman of the Board of Directors at Fortress Investment Group LLC, a global investment management firm leader, Peter Briger, manages more than $65 billion in assets serving both institutional and private investors. Mr. Briger, a Princeton University alumnus with an MBA from the University of Pennsylvania Wharton School of Business has guided Fortress Investment Group’s operation in various management role since 2002. In 2009 Peter Briger was elected as co-chairman of board.

An article from the Deal Street Asia website titled, SoftBank owned Fortress said to seek $2b for first Direct Lending Fund, written by Melissa Mittelman published on May 22, 2018. Under its new owner, SoftBank Group Corp., Fortress Investment Group LLC $2b direct lending is the first impetus move into Corporate Lending. Fortress was sold to SoftBank, a Japanese conglomerate, in 2017 for $3.3 billion. According to Forbes February 15, 20017 article, with this sale, Fortress executives will cash in $1.3 billion.

Mittelman’s article mentioned that the firm recently promoted Josh Pak and Drew McKnight to managing partners working closely with Peter Briger. Fortress Investment is following firms such as Ares Management LP, Tenenbaum Capital Partners LLC, HPS Investment Partners LLC and others with its recent $2b direct lending fund strategy. Sterner regulations from banks have created asset managers looking for alternative deployment of cash. Fortress’s direct lending will enhance the firm’s alternative cash deployment strategy within its Drawbridge Special Opportunities Fund, said Middelman. However, no decisions have been made on when its direct lending fund will go public.

Peter Briger apart from his professional activities, is one of three Princeton Alumnus in supporting Princeton University with its initiative to give support for startups. The Alumni Entrepreneurs Fund (AEF) is to encourage and empower a mindset of innovation, risk-taking, creativity, and to generate ideas aimed at Princeton students. To qualify for the disbursement of the funds, at least one startup member must be a Princeton alumna or alumnus who has recently graduated within the last five years along with other criteria’s.

Peter Briger is optimistic and said, “We’re at a special point and time in the world, in terms of businesses and business models being disrupted,” he said. “Princeton should be helping its students prepare for this new world. The fund is going to create real ties with people who we hope will become serial entrepreneurs and allow them to help others who would like to do the same.”

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SahmAdranji’s Career As An Investor

SahmAdrangi is well-known for his investment expertise, and he currently resides in the New York City area. He’s best known for his ability to short sell and research companies that a client isn’t familiar with. He founded company called Kerrisdale Capital.

SahmAdrangi also published research on investing. In fact, SahmAdrangi published some of this research on Twitter and other public websites, such as his own website. This research has been helpful to many investors who are starting their careers.

About Kerrisdale Capital:

Kerrisdale Capital makes it possible for people to make many types of investments. While the company offers services that are geared towards people on a fixed income, many of their services are designed to be useful for anyone. Here are some examples of investments that you can make through Kerrisdale Capital:

• Hedge Funds
• Alternative Investments
• Blue Chip Stocks
• Small Stocks

Unlike many CEOs, SahmAdrangi is closely involved with all aspects of the company’s management. Nothing occurs at the company that he is unaware of.

While Kerrisdale Capital is now a major corporation, this was not always the case. Kerrisdale Capital started out with one million dollars. The firm now holds more than 150 million dollars. The investment expertise of Sam Adranji is the reason why the company has grown so dramatically.

Where Did He Work Before He Was The Chief Executive Officer of Kerrisdale Capital?

Prior to working at Kerrisdale Capital, he was employed by Chanin Capital Partners. After this, he was employed by Longacre Fund Management.

His Warnings To The Public:

Adranji informed the public about companies that were engaged in fraudulent activities. Two companies that he blew the whistle on are China Biotics and China Education Alliance. The SEC enforced sanctions on these organizations.

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Talos Energy Takes the Reigns in Mexico

In 1938, a policy went into place in Mexico that prevented foreign investment in the oil and gas business. The policy was meant to protect everyday working people and their tax base in the country. However, as recent economic turmoil has shown, that didn’t work out as planned. Pemex, the Mexican monopoly, was given full rights to drill for oil. Now, new companies have won the ability to drill, and they aren’t Mexican.

Talos Energy, Premier Oil, and Sierra Oil and Gas won the bidding process. Sierra will receive a right to the profits a little more in the percentages than the other two due to it being Mexican. Still, this is a far cry from the original set up where Pemex took all the proceeds and failed to invest it in further innovation. Long gone are the days when Mexico’s president demands that only local companies invest. Clearly, this is a sign that foreign investment is just beginning in this developing nation.

Talos Energy is not like any other energy company. The staff has something special. They are offered profit sharing from the whopping $600 million per year in revenues that the firm enjoys. That’s because the company is led by equity backed investors who put almost a half a billion dollars into the company to start it in the first place. This allowed them to grow quickly from 10 to 100 employees and acquire competitors like Helix Energy Solutions for a whopping $620 million. Now, they’re up to $500 million in revenue annually. The profit sharing means that even scientists get to participate in a huge part of the upside. This kind of foresight from the top management is rare in the industry.

The company has received awards for being the number one small business in their industry by numerous organizations. Talos uses their fund to explore areas along the U.S. Gulf of Mexico and the Mexican coast to find oil to pump. So far, they do about 16,000 barrels of it per day. That’s one of the largest numbers in the industry. They refine the oil, but also offer raw and crude pricing.

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