Fortress Investment Group is fortunate to have Peter Briger as one of its co-chairman. Being one of the world’s leading investment management companies, this firm needs the financial skills and talents of this man to sustain its ability to manage and control $65 billion assets. This astute businessman uses his more than 20 years of experience in asset management to further the goals of this company. He was instrumental in setting the strategic direction of the company since 2002. Being elected to his current position in 2009 was just the natural result of the time and effort he has spent in ensuring its success. Peter Briger is in charge of managing FIG’s Fortress Credit Business specifically its real estate business as well as its credit fund. The company is currently employing approximately three hundred workers.
Its business is mainly focused on distress assets, undervalued assets and in illiquid credit investments. The FIG co-chairman is a graduate of Princeton University and is also a holder of an MBA certificate from the University of Pennsylvania particularly its Wharton School of Business. Peter Briger spent many years honing his business experience before coming to Fortress Investment Group. He worked with the financial giant Goldman Sachs in various executive positions. As an executive in this company, he served in its various committees such as the Global Control and Compliance Committee and the Asian Management Committee. He was also appointed as co-head of Goldman Sachs’ Fixed Income Principal Investments Group and its Whole Loan Sales and Trading business.
In his tenure with the company, he also managed a number of its divisions which included the Asian Distressed Debt business and the Special Opportunities (Asia) Fund. Due to his business success, Forbes magazine included the name of Peter Briger in its Forbes Billionaires’ list in 2008 with a rank of 962. Perhaps he thought that it’s time to give back some of his blessings to the community so he offered his support to the Princeton Entrepreneurship Program. Together with two other Princeton graduates, he provided $100,000 to each qualified candidate of the program as their financial support. The goal of this program is to turn dreams into realities. But Peter Briger is not just focused on making his business succeed. He is also spending some of his time and effort in giving part of his money to charitable organizations. One of his beneficiaries is the Council for the Global Fund for Children. He also actively supports the work of the Council on Foreign Relations.