Frank Wright and Steven Kumble founded the Lincolnshire Management company in 1986. The company is New York-based and is a private equity firm that mainly deals with acquisitions as well as investments all over the Middle East.
Frank Wright had previously been in a special finance division for close to thirty years, working for a company known as Hanover Trust Incorporation. His role in the company made him get a reputation in the 1980s because of the buyouts that he used to leverage. This was the motivation behind Lincolnshire Management alongside his business partner Steven Kumble.
Unfortunately, Frank passed away in 1992 which was followed by several changes in the management of the company, ranging from James Tozer to T.J. Maloney. Despite the changes, Steve maintained his executive position until he left the organization after being given a good offer to be one of the founders of the Corinthian Capital in 2005. More information is given on this link.
The first recognizable investment by the company was in 2009 where they bought some shares of the Wabash National Corporation. Wabash National Corporation had at the time just purchased one of the Lincolnshire Management’s portfolio companies which was Transcraft.
Later on, in 2010, the company was named among the top ten private equity firms which were a step into the oncoming success of the company. Since then, the company became quite popular all over New York and had always had an upward trend regarding improvement. This is detailed further in this link https://www.privateequitywire.co.uk/2018/04/04/262901/lincolnshire-management-sells-port-terminal-operator-amports
The company has also opened some offices in the United States across areas such as Chicago, Atlanta, and Los Angeles. 2011 saw the company being named among the fast-growing private equity firms by CNN Money and the Fortune Magazine.
The company has made approximately 70 acquisitions of different firms which have also increased Lincolnshire Management’s exposure to various industries. The company is also equipped with professionals in the different departments and regional offices who have been trained to work towards the achievement of the company’s overall goals.
The company also manages other companies’ portfolios as well as their equity funds, with the most recent one named as the Lincolnshire Equity Fund IV whose value is approximately $835 million.
Peter Briger is the incumbent president of the Fortress Investment Group, a leading investment manager globally. He also serves as a Co-Chairperson of the company’s board of directors. Being a finance and investment guru, Peter belongs to the Forbes top 400 business professionals internationally.Before leaving to Fortress Investment Group, Peter Briger had been serving at Goldman Sachs & Co., as a partner. On arrival at Fortress, Briger’s impact could not be ignored. Under his management, Fortress Group’s Assets under management skyrocketed from a meager $3.9 billion to the highs of $32 billion by 2007. This saw the firm announcing its first Initial Public Offer (IPO) despite being a private equity company of a large magnitude. This event made history and what followed was other investment firms of its type imitating the innovative move.
Peter obtained his undergraduate degree at the Princeton University and later proceeded to pursue his Master in Business Administration at the University of Pennsylvania’s Wharton School of Business. He later began his professional career in finance at the Goldman Sachs Co., where he served in a variety of leadership, operational and management roles.With the help of theoretical knowledge that he had acquired during his pursuit for both Bachelor’s and Master Degree, Peter Briger managed to gain extensive expertise and skills at Goldman Sachs, which was an investment banking company. He was able to develop and boost his proficiency in real estate, foreign investments, trading, loans and distressed debt. His accurate intelligence in finance later saw him become a partner at the renowned investment bank. Later, he made his next move to Fortress Investment Group where he became and still is, a co-Principal.
During his fifteen years that Peter Briger worked for Goldman Sachs, he gained wide knowledge and experience. This is what assisted him to raise Fortress Group to incredible heights that no one anticipated. For instance, under his able leadership at the company, Fortress has received numerous industry accolades, especially between 2010 and 2015. The company’s assets under management have also increased to an excess of $65 billion. These assets belong to both private and institutional investors.One outstanding attribute about Peter Briger is that besides his professional commitments, he also serves other roles that are focused towards the improvement of the society. Peter engages in philanthropic activities that mainly focus on providing quality education, alleviation of poverty and also helping needy children that come from marginalized communities.