Tag Archives: large investments

Peter Briger: Building a career in finance.

Peter Briger has been very instrumental to the growth of fortress investment group. He began his career at Goldman Sachs after completing his bachelor’s degree at Princeton University. This would help him develop a very strong understanding and appreciation of the financial world. Briger’s career at Goldman had various highlights leading various departments and culminating in him becoming a partner in the organization. He would spend approximately 15 years at Goldman and by the time he left, he had already made a mark there. His work at the Asian management committee was especially notable given the fact that he was in charge of overseeing very large investments in the region as well as the evaluation of possible investment opportunities that were rising at a time when manufacturing had just begun to rise in Asia. Peter Briger would then head the Special Opportunities Fund LLC, which was tasked with finding unique business opportunities for Goldman and help finance them at startup level. He would then move into the credit and debt sector of finance when he was appointed Co-chairman of the Asian Distressed Debt business. This would help Peter Briger nurture skills that would prove very useful once he joined Fortress. In 1998, three partners came together to start an asset management firm that is today referred to as fortress investment group. They had managed to grow the group from four hundred million worth of assets to 3 billion at the time they were looking to start a credit department at the group headquarters, and it’s at this point that they brought Peter Briger in. He had already done very well in the Asian Distressed Debt business and was the perfect fit for this new role. His focus would be mainly focused on debt and credit financed assets and the overall growth of Fortress. By 2006 he had joined the board of directors and was one of the most instrumental people in the realization of the IPO dream. In 2007 listed as a public company on the NYSE trading as FIG. This would prove to be a well thought out investment decision as the value of the company immediately skyrocketed. Gift From Alumni Supports Princeton Entrepreneurship