Peter Briger is the Co-Chairman of the board of directors at Fortress Investment Group. Briger has Co-Chaired the Fortress Credit Corporation board since August 2009.He joined Fortress in the year 2012 after a successful fifteen-year career at Goldman Sachs. He was tasked with debt security and real estate business at Fortress at a time when the company was seeking to modify its business. Since August 2009 Mr. Peter has been the President, Principal, and Head of Credit & Real Estate Business of Fortress Investment Group
Fortress Investment Group (LLC) is a private equity firm that invests in real estate, consumer finance, media and telecommunications, retirement plans and other financial services. Fortress largely offers its services to different clients and high net worth individuals.
All through his career Briger has displayed prowess in trading assets that are out of favor in the market. He has especially perfected the art of dealing with securities that are experiencing an operational or financial distress.At Fortress Investment Group, Peter Briger in his first four months raised $4.7 billion for a fund called Fortress Credit Opportunities Fund IV. This was more than half of all the funds raised by Fortress.Even after the financial crisis, Peter Briger has always performed well. When banks and other financial institutions sell off volatile assets, Briger and Fortress always buy them at a discounted fee. The genius of Mr. Briger to turn the volatile assets to favorable ones is something Fortress takes pride in as it brings them good returns.
At the height of his career at Fortress, Briger becomes a billionaire during the company’s IPO (Initial Public Offer). Forbes ranks Briger at #317 with an estimated net worth of $1.5 billion.
More about Peter Briger
Briger attended Princeton University where he received his B.A. He also holds a Wharton School of Business M.B.A at the University of Pennsylvania.Peter Briger is also involved in some philanthropic work. He is a board member of Caliber Schools, which is a group of schools that help in preparing children for Higher Learning to give them a better rate of success after college. He is also a high profile contributor of the Princeton Alumni Entrepreneurs Fund (AEF). A fund that seeks to empower Princeton students and graduates.