Tag Archives: Business

Peter Briger’s Professional Background And Contribution To The Success Of Fortress Group

Peter Briger has had quite a successful career as an alternative investment manager and one of the founders of the very-successful Fortress investment group. However, while his job career took a turn while working with the investment company, he joined the partnership armed with more than a decade worth of experience gained during his stay at Goldman Sachs. His busy schedule with the investor also hasn’t stopped him championing other philanthropic courses such as supporting tipping point. But where did all start?

Peter’s previous engagement

Before joining hand with the like of Wes Edens and Randal Nardone to start Fortress investment group in 1998, Peter Briger worked as a banker with Goldman Sachs. He had spent close to fifteen years here working in the banker’s special opportunities fund division before making partner in 1996. It was during his tenure with the banker that he mastered the art of managing credit divisions that would later come in handy in advancing Fortress group’s agenda.

Partnering to form Fortress Group

Despite having a successful career and making partner at Goldman Sachs, Peter’s ambitious entrepreneurial dream saw him partner with Edens and Randal and create Fortress capital. His experience in debt management and real estate saw him assume the responsibility of steering the investment company’s credit division with a focus on debt and real estate.Experience and a booming real estate industry saw his credit division outgrow most of the company’s departments within a few years after take-off. By the time Fortress group went public in 2007, Peter’s credit division accounted for close to 30 percent of the total company’s revenue. The almost sudden real estate market crash of 2008 would, however, deal a big blow to the company and threaten to cripple its credit division that heavily relied on distressed mortgages.However, Peter Briger quickly turned the company’s focus from overreliance on mortgages to other credit vehicles. He concentrated on the Asian distressed debt markets and most experts attribute this to the company’s recent acquisition by Japan’s Softbank.

Involvement in philanthropy

Peter briger is also a nationally renowned philanthropist dedicated to supporting several national and regional charitable courses. For instance, he supports Tipping Point, a San Francisco based not-for-profit organization that helps turn around the lives of low-income families in the region.He is, however, best known for his central park conservancy efforts that saw him dedicate personal resources to the conservation of the New York Park and the livelihoods that its continued existence supports. The successful entrepreneur is also devoted to poverty alleviation through education and sits on such educational boards as Princeton University.

 

Stream Energy Legitimizes its Philanthropy Through Stream Cares

Stream Cares and Hope Supply Company have partnered to provide aid and outreach to homeless children in Dallas. The duo has already sponsored a few events, providing both food and clothing for needy children. One event, Splash for Hope, gave a large number of homeless children entrance to a water park for a day. Stream Cares assisted in the event, covering the entrance fee and meals for over 1,000 children. Hope Supply Company regularly provides clothing, diapers, and school supplies for homeless children. Part of that service is funded by Stream Cares, which has worked with the charity for over four years. It is an ongoing effort to curb homeless in Dallas, and give those without the opportunity to better their lives.

Stream Cares is the philanthropic wing of Dallas energy provider Stream Energy. The company came to be in 2005, offering an alternative gas and electricity source. Stream Energy is a direct seller, using commission-based associates to bring in clients by word of mouth. The associates build up client lists and offer a more personal focus for said clients. Stream Energy is also dedicated to charitable pursuits, a strong believer in giving back to the community around it. It has been instrumental in disaster relief, homeless aid, and supporting Dallas-area veterans. The company is dedicated to making the quality of life in Dallas better. One of the ways it has pledged to do that is through the formation of Stream Cares.

Stream Cares is a separate charity entity within Stream itself. The business within the business is designed to specifically focus on philanthropy. Most of Stream’s executives are pretty dedicated, giving to various causes, and even volunteering for those causes. Stream Cares pools all that together and uses a business model to optimize charitable efforts. This makes philanthropy a legitimate part of Stream’s business model, and shows just how serious the company is. In addition to Hope, Stream Energy also partners with Habitat for Humanity and Red Cross.

http://www.stephenvilletexas.org/list/member/stream-energy-the-toles-group-3912