An inside look at Fortress’s principal, Peter Briger

The fortress investment group is highly successful due to its impressive panel of leaders. For instance, ever since he joined the company in 2002, Peter Briger has done nothing but bring good riddance to the finance firm.

Currently heading Fortress’s credit and real estate business, Peter Briger had a lot to offer to the company when he joined its table in 2002. He was appointed as co-chairman in 2009 and has been a member of its management committee since he first joined.

View Peter Briger’s profile at Equilar

How he got here

Peter Briger’s success is not a result of sucking on the proverbial silver spoon, but as a result of years of hard work and due diligence. Peter started his career at Goldman, Sachs& Co, where he spent close to two decades handling illiquid properties. Here Mr. Briger and his colleague would purchase unwanted assets, for instance, washed-out buildings and cars renovate them and then sell them at a profitable price.

This equipped him with firsthand experience on how to make profits where other investors wouldn’t dare go, hence preparing him for his role at Fortress as the head of its credit and real estate businesses. He has been instrumental in the growth of this department, resulting in overall growth for the company. For instance, when he joined Fortress, this department had a few employees, but today it has about 300 staff members who hold him in high esteem. Also within his first four months at Fortress, Peter raised approximately $4.7 billion for the firm’s credit fund. His hard work, however, has been rewarding to him as well as he now has a net worth of $2.3 billion which is quite an accomplishment at the age 43 and is also listed on Forbes list.

The other side of Peter Briger

Aside from his business ventures, Briger is dedicated to making the lives of others better. As an entrepreneur who had to work his way up, he understands the essence of giving other entrepreneurs a head start which is why in conjunction with two other alumni of Princeton, he set up the Alumni entrepreneurs’ fund. The fund is dedicated to helping startups from the University make their ideas a reality, by providing with as much as $100,0 00 to use as capital.

Learn more: https://patch.com/new-york/new-york-city/force-innovation-two-decades-fortress-investment-group

 

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