Peter Briger is the Co-Chairman as well as a principal of Fortress Investment Group, joining the firm in 2002. He served on the board of directors at Fortress for 12 years, since 2006, and he was elected Co-Chairman in 2009. His responsibility includes the Credit and Real Estate side of business at Fortress.
Before joining the world of finance, Peter Briger earned a B.A. degree from Princeton University, and an MBA from Wharton School of Business of the University of Pennsylvania. Before joining Fortress, he started his career at Goldman Sachs, where he worked for 15 years. He served under various operational, leadership and management roles, an acquired deep experience in his field. In 1996 he became partner at Goldman Sachs.
While his stint at Goldman Sachs was an important part of his career, it was his gig at Fortress that seen him achieve a bigger success and turned into a billionaire. He is one of the people credited with making Fortress the first alternative investment firm to become publicly traded in the United States. Today the firm manages assets of approximately $40 billion, catering to institutional investors as well as private ones. Peter Briger is responsible for helping converting distressed instruments into cash, the recent financial crisis having pushed him into the spotlight while he helps foreign markets that are in-debt raise capital.
Fortress has been bought by SoftBank at the of 2017, and while the company became once again private, the day to day operations are not expected to change, as SoftBank was forced to have a hands off approach due to regulations. The deal was made for $3.3 billion.
Besides his work at Fortress and his past work at Goldman Sachs, Peter Briger also works for Tipping Point, which is a non-profit organization that helps low income families in the city of San Francisco. He also engages in philanthropic activities, having invested over $600 million in order to help conserve and maintain New York’s Central Park. In addition, he serves as a member on the board at Caliber Schools, which helps prepare students for success in four-year colleges.
Visit his website: http://petebriger.com/