Once a partner at Goldman Sachs, where he worked for fifteen years, Peter Briger joined Fortress Investment Group LLC in 2002, where he became Principal and Co-Chairman of the Board of Directors. Fortress Investment Group began as a humble private equity firm back in 1998, but it rapidly grew to successfully handle hedge funds, real estate investment, and debt securities. Fortress, thanks in larger part to Briger’s efforts, also became the first large, private equity firm in America to go public on the New York Stock Exchange. Along with real estate, Peter Briger manages the credit business of Fortress by leveraging his extensive experience in securing financing through equity markets and debt.
It is this work that earned him the nickname “King of Debt” from Motley Fool. A husband and father of four children, Peter Briger earned a B.A. from Princeton after getting his Associates at the University of Pennsylvania. He went on to earn a Master’s of Business Administration from Wharton Business School. As one of the financial gurus behind Fortress, Briger helped to make the company “Credit-Focused Fund of the Year” in 2010 and 2011 and “Hedge Fund Manager of the Year” in 2014. These are no small accolades, considering that Fortress Investment Group, which is headquartered in New York, handles over $43 billion in diverse assets.
Fortress is now owned by Softbank, a Japanese banking conglomerate which purchased it in 2017 and plans to use it to provided continued leadership in the field of alternative-investment. Peter Briger’s focus on Asian real estate and debt in his work at Goldman Sachs made him instrumental in this purchase of Fortress. Through his skill in the finance industry, Peter Briger has earned a spot among the world’s self-made billionaires and on The Forbes 400, a list of elite businessmen and women worldwide. In 2007, his net worth peaked at $2.3 billion. But his work is not limited to Fortress Investment Group. He also serves on the board of Caliber Schools, a network of charter schools that strive to prepare successful students, and on the board of Tipping Point, a not-profit dedicated to helping low-income San Francisco families.