How Peter Briger Made A Name For Himself At Fortress Investment Group
Peter Briger is a prominent businessman in the financial industry. He graduated from Princeton in 1986 with his bachelor’s degree. He has also earned a master of business administration from the University of Pennsylvania’s Wharton School of Business. After graduating he found a position at Goldman, Sachs & Company. He spent 15 years at Goldman Sachs and was named as one of this firm’s partners in 1996.He left Goldman Sachs in order to join a new investment firm at the time, Fortress Investment Group, LLC, in 2002. It was in March 2002 that Peter Briger was named to this firm’s Management Committee. He was named to Fortress Investment Group’s board of directors in 2006 and in August 2009 Peter Briger was elected as the Co-Chairman of the board. He is also now a principal of Fortress Investment Group.
Fortress Investment Group is headquartered in New York, New York, and Peter Briger works out of their San Francisco offices. Fortress is a global alternative asset investment firm. As of the end of 2017 Fortress had about $43.6 billion aum. He is currently the principal of co-chief executive officer of this firm. He oversees this company’s credit business. The credit-side of Fortress makes up $15.1 billion of their assets under management.As the credit manager, Peter Briger focuses on undervalued and distressed credit. He buys assets as well such as real estate, natural resources, precious metals, intellectual property, and capital assets. These areas have been his specialties throughout his career, both at Fortress Investment Group and at Goldman Sachs.
In the wake of the 2008 recession Peter Briger says that he found a goldmine from distressed assets for sale. He says many companies were actually in good shape but their stock and value plummeted along with the rest of the market. There were also really great real estate deals to be had as that asset also sunk in value. As the economy has recovered he says there remain great distressed assets to be had, especially when it comes to the financial industry.Peter Briger is also a philanthropist who has helped several causes. One of these is Tipping Point. He has been on this nonprofit’s board for a number of years. Tipping Point provides services to low income families in the Bay Area. Over the years he has also invested in New York’s Central Park to the tune of $600 million among other causes. Learn More.