Known as one of the largest alternative asset managers worldwide, Fortress Investment Group’s Peter Briger has an impressive history of facilitating important business deals in the financial world. Briger is Principal and Co-Chairman of the Board of Directors at Fortress Investment Group. Briger joined Fortress in 2002 and quickly took action by developing Fortress’ securities and real estate business. At the time that Fortress Investment Group promoted Peter Briger to Principal and Co-Chairman, the firm was planning to move in a course that was no longer focused on its core business involving equities.In 2015, while at Fortress, Peter Briger constructed a team that successfully raised $4.7 billion to form a new fund, “Fortress Credit Opportunities Fund IV.” With Peter Briger’s experience in different areas of finance, he made wise decisions regarding alternative as well as non-performing assets. Peter Briger and Fortress agreed to the strategy of purchasing these assets at a deep discount at purchase time.
One of Peter Briger’s strong points includes taking a calculated risk by buying many of these alternative assets cheap, then selling them at a much later time, when the marketplace is willing to buy them back at a much higher rate. Peter Briger has an impressive track record when it comes to making the right business moves and earning big returns from the distressed assets that he decides that his company should buy. Briger has had quite a bit of experience in this niche area of finance, before joining Fortress Investment Group.Peter Briger worked at Goldman, Sachs, and Co., for approximately 15 years, before making Partner at the company in 1996. During his time working at Goldman, Sachs, and Co., Peter Briger sat on different committees, some of which included the Global Control and Compliance Committee, the Japanese Executive Committee, and the Asian Management Committee.While at Goldman, Sachs, and Co., Briger decided to create a unique and talented consortium of people, which were part of his Special Situations Group.
It was perceived that Peter Briger and this Special Situations Group were generally responsible for Goldman, Sach, and Co’s main source of revenue at the time when the markets were reeling — back around the beginning of the new Millenium. Because of Briger’s financial savvy, educational background, and wise investing, Goldman, Sachs, and Co., endured. Briger’s philanthropic endeavors include Princeton. Peter Briger, along with a few of his fellow alumni from Princeton, endowed some financial gifts to their alma mater, to hatch a pilot funding program in 2015. The program, which is called Alumni Entrepreneurs Fund (AEF), was developed to help those new Princeton graduates who were planning to create new companies or become entrepreneurs. The AEF focuses on providing recent alumni startups with up to $100 thousand dollars in the form of mentorship opportunities, peer-to-peer learning, as well as matching funds over one full year.In addition to completing his MBA from the University of Pennsylvania’s Wharton School of Business, Briger earned a bachelor’s degree from Princeton University in 1986.