Peter Briger is a Princeton Alumni and is proud to be listed among top 400 businessmen of the prestigious Forbes magazine. Commonly referred to as Pete by his close associates and colleagues, Peter Briger, serves as the co-chair of Fortress Investment Group for the last nine years. Peter Briger also has other portfolios at the group which put him in control of a hive of activities. You can find Pete in his office at Fortress Investment Group headquarters.
Briger’s role at Fortress group
Fortress Investment Group is an internationally acclaimed investment company. At Fortress, they invest in sectors which do not have access to mainstream money & capital. These are sectors that the main financial institutions blush off and turn a cold shoulder on. Briger says this neglect causes a great imbalance in demand and supply, and Fortress capitalizes on that. According to Peter Briger assessments, and they are usually affirmative, assets in the range of three trillion US dollars have been dispersed in the last ten years. Briger’s role at Fortress Investment Group is to evaluate these assets and decide which ones to purchase. This practice has since been likened to garbage collection, except Pete is a financial genius and he has a way to turn them into valuable assets at the end of the day.
Mr. Briger began his prosperous career in junior leadership and management positions. And what a better place to kick-start your career than at Goldman Sachs. Well, Briger was fortunate to start at Sachs where he built his investment banking expertise. It was during these early times of his career that he developed razor-sharp abilities, dealing with real estate, international investments, and distressed debts.These are the skills he carried with him when he joined Fortress sixteen years ago as the co-Chief Executive Officer.
Mr. Peter Briger is for sure a very successful financial expert and a billionaire. This places him on the society’s lens, but for a man who is already generous by nature, supporting others is by default in his DNA. It is said that charity begins at home, and Peter Briger knows this. He is among the three Princeton alumni’s that contribute to the Alma Mata fund. Through this fund, myriads of Princeton Alumni and students have been able to start their own businesses and other profitable activities a factor that not only enables them to be self-sufficient but also reduces unemployment and dependence on the government.
More about Peter Briger
Peter Briger was the eldest in a family of three children. His dad worked as a tax attorney while his mother, Kathy, worked at Chemical Bank as a manager in the credit department. He schooled in New York in a private school before switching to the Groton School in Massachusetts. He later attended Princeton University where he majored in history.Pete graduated at a time the loans and savings market was nose-diving and Credit associations were shutting down. This presented Briger with an opportunity to learn from bad loans and it is no wonder today he is an expert in handling non-performing assets and bad loans.Briger cites the late Michael Mortara, as his tight friend and mentor.