Peter Briger, A Successful Financial Expert And Philanthropist
Peter Briger is currently the principal and co-chairman of Fortress Investment Group, one of the leading investment management firms in the world. This investment firm is managing and controlling assets to the tune of $65 billion. He comes in in this organization with more than twenty years of asset management experience. This businessman was instrumental in guiding the firm’s strategic direction since 2002. With his achievements in the company, he was eventually elected to the co-chairman position in 2009.
As co-chair of Fortress Investment Group, Peter Briger manages the company’s Fortress Credit Business specifically its credit fund as well as its real estate business. There are about three hundred employees working at the firm. The company has several stakes in credit investments that are already illiquid, in undervalued assets as well as in distress assets. He graduated from Princeton University and has an MBA degree from Wharton’s School of Business of the University of Pennsylvania. Before working at Fortress Investment Group, he held a number of executive positions in big and established companies. He was previously connected with Goldman Sachs, where he supervised its operation in a variety of its business concerns and more
Peter Briger also served in various committees of Goldman Sachs including its Asian Management Committee and its Global Control and Compliance Committee. He also functioned as co-head of the company’s Whole Loan Sales and Trading business and its Fixed Income Principal Investments Group. This financial executive also helped manage several divisions that included the Goldman Sachs Special Opportunities (Asia) Fund and the Asian Distressed Debt business.
Peter Briger was given a distinction in 2008 when he was included in the Forbes Billionaires’ list. He was ranked by the magazine at number 962. Primarily due to his financial and business success, he offered to support the Princeton Entrepreneurship Program with two other colleagues who are also graduates of the university. This program aims to turn concepts and ideas into reality. Every qualified candidate of the program will be provided with $100,000 financial support from him and the two other Princeton University graduates.
Apart from his business successes, Peter Briger also spends some of this time and money in support of social causes and philanthropic work. He is a member of the Council for the Global Fund for Children and also a member of the Council on Foreign Relations. The CFR is a global organization promoting a wider and deeper understanding of issues on foreign policies.