As one of the biggest, global alternative asset management companies, Fortress Investment Group’s Peter Briger has an impressive history of brokering essential business deals in areas of finance. Mr. Briger is currently Principal and Co-Chairman of the Board at Fortress Investment Group. Fortress Investment Group in 2002 hired Briger. After joining the Fortress Investment Group, he took decisive action by developing new sectors of business at Fortress. When Fortress promoted Mr. Briger to Co-Chairman and Principal, the company had made a pivotal decision to move in a direction that didn’t involve its core business, equities.
Peter Briger constructed a team in 2015 to raise $4.7 billion to create the fund called, “Fortress Credit Opportunities Fund IV.” Peter Briger’s worked in different areas of finance, and made vital decisions concerning alternative assets and also non-performing assets. Mr. Briger and Fortress strategized about purchasing financial assets at a significant discount at the time of purchase.
Prior to working at Fortress Investment Group, Peter Briger worked at Goldman, Sachs, and Co. He worked there for over ten plus years, before making Partner at Goldman in 1996. Mr. Briger sat on many committees like Global Control and Compliance and the Asian Management Committee while working at Goldman, Sachs, and Co.
While at Goldman, Sachs, and Co., Peter Briger decided to create a unique and talented consortium of people, which were part of his Special Situations Group. It was noted that Briger’s Special Situations Group was responsible for earning Goldman, Sachs, and Co’s a large part of their revenue at a time when many big banking firms were in financial trouble. Because of Mr. Briger’s financial astuteness, determination, and wise investing, Goldman Sachs was able to survive the unknowns at the time.
Regarding his philanthropy efforts, Peter Briger has provided some financial gifts to his alma mater, Princeton. In 2015, he helped to set up a pilot funding program to help Princeton alumni. This program was called Alumni Entrepreneurs Fund (AEF). Briger and two other Princeton alumni developed this program to help Princeton graduates. The AEF mission is to providing recent alumni up to $100,000 in mentorship opportunities and peer-to-peer learning, and matching funds. These programs would last one year for those alumni who wanted to start new companies.
Briger not only completed his MBA while attending the University of Pennsylvania’s Wharton School of Business, but he earned a bachelor’s degree in 1986 from Princeton. Fortress Executives to Cash In $1.39 Billion From SoftBank Sale