Fortress Investment Group Principal Peter Briger
Having been with Fortress Investment Group since 2002, Peter Briger became a Principal of the company in November of 2006. He also serves as Co-Chairman on its Board of Directors, a position he was elected to in August 2009. His responsibilities at the private equity investment management company is overseeing its Credit and Real Estate sector. The long-term investment strategy he uses at Fortress is to buy stocks at a low price, then sell them at a higher one. By trading the type of assets that no one else is that interested in, he has built great wealth for himself over the last few decades.
Founded by Randal Nardone, Wesley R. Edens and Rob Kauffman, the New York based Fortress Investment Group brought Peter Briger into the corporation after he had spent 15 years at Goldman, Sachs and Co., where he was made a Partner in 1996. While at Goldman, he co-founded the company’s Special Situations Group in 1997, and this venture was credited as being one of the primary reasons that the group experienced a great deal of financial growth. After becoming a member of the leadership team at Fortress, Peter Briger, who graduated from Princeton University with a BA degree, and the Wharton School of Business at the University of Pennsylvania, where he earned an MBA, helped raise $4.7 billion for the Fortress Credit Opportunities Fund IV.
In addition to his work as a top executive at Fortress Investment Group, Peter Briger is also a philanthropist who serves on the board of the non-profit organization called Tipping Point, a foundation whose aim is to assist low-income families living in the San Francisco, California area. He is also on the board of Caliber Schools, which is a network of charter schools that are committed to preparing students to become high achievers when entering 4-year colleges.
Because of his many years of experience in the financial industry as a strategic investor, Peter Briger, who is a married father of 4 children, made it onto the Forbes Billionaire list in 2007 after accumulating $2.3 billion in personal income at that time.
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