Financial executive Peter Briger held a leading position at Goldman, Sachs and Company for 15 years, becoming a Partner at the firm in 1996, before he later joined the New York-based private equity company known as Fortress Investment Group in 2002 and started working as the overseer of its Credit and Real Estate Business. He was responsible for raising over $4 billion for the Fortress Credit Opps Fund IV, which helped the group substantially increase its annual profits. By November of 2006, Peter Briger was given the title of Principal of the company, and in August 2009, he was elected as its Co-Chairman.
Most of the wealth that the experienced investor has accrued while working at Fortress has come from strategically trading distressed assets, which are the types of debt that other investors tend to reject. He has said that he sees many opportunities to profit from distressed debt, due to the fact that when banks are forced to sell non-performing or risky assets because of the demand from shareholders, he and Fortress can scoop them up at deeply discounted prices, then sell them at a higher rate. Peter Briger also helped his previous employer Goldman, Sachs and Company steadily grow its revenue for several years through a division he founded within the company called Goldman’s Special Situations Group.
In addition to being a part of the financial industry as an expert investor, Peter Briger is also a board member at a few charitable organizations that work to provide assistance to the needy, and to prepare students for future educational opportunities. Through a foundation called Tipping Point, he contributes to serving low-income families in the San Francisco area, and through Caliber Schools, he works within the organization to find ways to help students attending charter schools be better prepared to compete when they enter 4-year colleges, and when they go on to pursue their professional careers. Peter Briger graduated from Princeton University with a BA degree, and he earned an MBA degree from the Wharton School of Business at the University of Pennsylvania. The married father of four made it onto the Forbes Billionaire list in 2007. Learn More.