Peter Briger joined Fortress Investment Group in 2002 and it didn’t take long for him to become a billionaire. He has remained as an integral figure in the world of handling asset investing. He also spent nearly 15 years at Goldman Sachs. When he began working at Fortress, he handled their credit fund and real estate division. Now, he has enjoyed the role as Co-Chairman for the board of directors and Principal. He has a knack for trading when it comes to those assets no one would care to touch. Over the years, he has found his specialty in distressed debt vehicles. He is credited with co-founding Goldman’s Special Situation’s Group back in 1997. Once he left Goldman and hopped on board Fortess, he impressed many with a striking 4.7 billion raised in a new fund that was called Fortress Credit Opportunities Fund IV. For the first quarter, it showed that Fortress took in nearly 87 percent of new funds. Learn more about Peter Briger at Crunchbase.
Briger still found success when it came to dabbling in what is called the garbage collection of finances regarding bad debt. He was able to bring in a profit from distressed assets mainly from the overall sector of finance. Peter Briger and his associates were lucky to receive huge discounts in risky illiquid assets once regulatory demands changed. His outside work from Fortress includes involvement at Princeton University while sitting on their board of directors. There is also a philanthropic side to Briger who has repeatedly donated to various charities and has had an involvement with Silicon Valley. As of today, Peter Briger is found on the Forbes list ranking as one of the top 400 business executives in America. He has been heavily attached to the Asian market utilizing his time attending the Asian Management Committee. In addition to that, Peter Briger has been the co-head of the Asian Real Estate Private Equity.