Peter Briger is the current Principal and Co-Chairman at Fortress Investment Group (FIG). Peter Briger also has a great track history of making important business deals on an international and also on a domestic scale. Peter Briger joined Fortress Investment Group in 2002. Not long after being hired by FIG, Briger took swift action by creating Fortress’ securities and real estate side of their business. Fortress Investment Group hired Peter Briger as both a Principal and Co-Chairman at the time that were mulling a move that did not focus on equities.
Peter Briger put together a team of staffers at FIG who were astute enough to raise almost 5 billion dollars for their new, Fortress Credit Opportunities Fund IV. Based on Briger’s experience in top areas of finance that Fortress Investment Group deemed was most important, Briger helped them yield some very big returns by working with many non-performing and assets categorized as troubled. The two asset classes were an important part of the long-term plan and strategy for Fortress Investment Group. Mr. Briger and Fortress made the timely decision to purchase these alternative and non-performing assets at a discount at the time the company purchased them.
Briger is in very high demand and a top company asset at FIG is because of his past knowledge and successes in different areas of finance. Mr. Briger is astute at knowing how to take financial risks that are calculated. Briger uses a strategy of purchasing many alternative assets at very cheap prices, then selling them back at a later time, when the markets are interested in buying specific assets back at a higher rate. Briger has had impeccable timing and a trusted record when making key moves regarding market rates and how they can benefit FIG.
But, Mr. Briger had a lot of experience in finance before being hired by FIG. Briger worked for over a decade at Goldman Sachs before making Partner at their firm in 1996. At Goldman Sachs, Briger had a seat on many committees. A few of these included the Asian Management Committee, the Japanese Executive Committee, and others.