Peter Briger is a Principal and Co-Chairman of the Board of Directors of the Fortress Investment Group, one of the biggest international alternative asset managers. Peter Briger has the knack of handling essential business deals related to the financial industry. He was employed by Fortress in 2002, and immediately built the company’s real estate and securities business, which is a different form of venture that did not involve Fortress’s main business in equities management.When 2015 came, Peter Briger assembled a team within fortress that effectively brought in $4.7 billion for the creation of a new fund, which was called the Fortress Credit Opportunities Fund IV.
Aside from these phenomenal accomplishments he formed intelligent decisions regarding alternative and non-performing assets that afforded Pete Briger and the company the capacity to buy such assets at lo-cut prices.Peter Briger’s forte is to acquire plenty of alternative assets at low prices which and sells them afterwards at a higher cost in order to have a substantial gain. He similarly possesses an exemplary ability in creating business deals that provides huge gains from distressed assets, majority of which are found in the different industries within the market. Prior to his roles as the Principal and Co-Chairman of Fortress, he served for fifteen years are Goldman, Sachs and Co. and then in 1996 became a Partner in the latter company. Pete Briger presided on various committees like the Committee on Global Control and Compliance, the Committee of Asian Management, and the Japanese Executive Committee.
At Goldman Sachs, Pete Briger co-founded the company’s Special Situations Group, and records have it that Briger and his team was the reason for Goldman Sachs’ high stream of revenue during the 2000s Great Recession.Due to Briger’s wise investing method, financial knowledge, and educational upbringing Goldman Sachs and Co. thrived when the markets were still reeling from the descent of the economy. Pete Briger finished his Bachelors of Arts from the Princeton University, and completed his MBA from the Wharton School of Business of the University of Pennsylvania. His charitable activities include the sponsorship of the Alumni Entrepreneurs Fund or AEF of the Princeton University. The AEF is a program that offers Princeton alumni’s the opportunity to become an entrepreneur where they will receive $100,000 dollars to start a venture. The Forbes list of the World’s richest has ranked Peter Briger as #407, and he has a projected net worth of about $2.3 billion in 2007.