Peter Briger’s reputation in the world of finance and investment precedes him, especially when it comes to managing distressed debts and loans. Now in his third decade of active practice in the world of finance and alternative investment, Peter has already made a name for himself as one of the key Principles, Co-chair to the board, and the president of Fortress group. The success achieved with Fortress capital has even seen him climb up the list of Billionaires where he features in the Forbes elite top 400 business professionals globally.
Where did he start?
The finance world specialist, Peter Briger graduated with Bachelor’s degree in business from Princeton University before pursuing an MBA from the University of Pennsylvania. He then joined Goldman Sachs where he started his career in finance while serving in different operational and managerial positions within the company. His interests in the investment banking industry and devotion to the company saw him climb up the career ladder and gain promotion as a partner in the company.
By the time Peter left Goldman Sachs in 2002, he was an expert in distressed debt management, foreign investment, and real estate. Armed with these skills, Peter joined hands with the likes of Wes Edens and Randal Nardone to start Fortress investment group. The team set out different divisions within the company that represented their skills with peter Briger heading the credit fund and real estate businesses.
Success at a Fortress group
After starting Fortress capital, Peter Briger applied the expertise gained while at Goldman Sachs to transform Fortress Capital’s fortunes. He not only helped the company establish a formidable credit department but also contributed significantly to its fast-paced growth. For instance, at one time his credit department contributed close to 30 percent of the company’s total earnings. He can also be credited for playing a critical role in helping the company go public. His contributions towards the continuity of Fortress Capital eventually helped this company rise into becoming one of the largest alternative investment companies in the country.
More about Peter Briger
Today Peter does more than just play the role of the company president and Co-chair to the board, he also heads some of the investment company’s subsidiaries. He is also a global figure in the world of philanthropy and where he participates in different charitable organizations. For instance, he has currently committed to contributing more than $600 million towards the conservation of the New York Central Park. A Force of Innovation: Two Decades of Fortress Investment Group