Peter Briger: Service to Fortress Investment Group
In 2007 Fortress Investment Group became a publicly owned company after launching its Initial Public Offering. With that step, Peter Briger became a billionaire. He owned 66 million shares at the time which were worth $2 billion. Peter also served as one of the three principals of the company and was in charge of credit. He is one of the best minds in the investments sector. He is a specialist in asset investing, and that is how he managed to become of the best players in a field that requires the best minds. He is in a group of a few most successful professionals in the world. Peter Briger was working for Goldman Sachs before he joined Fortress Investment Group in 2002. He had served at Goldman Sachs for 15 years. He moved to Fortress Investment Group and took over a role in the real estate and debt securities transactions.
The company was at the time trying to diversify its main business operations. When it was formed in 1998, it was established as a private equity firm. Apart from serving as a principal at the firm, he is also a board of directors member. Peter has perfected the art of investing in undervalued assets. In fact, he has created wealth by investing where others are running away from. He has been a specialist in distressed debts. While Peter Briger was working for Goldman Sachs, he built the Goldman’s Special Situations Group in 1997.
This group helped in generating revenue for Goldman Sachs in the past one decade. Peter Briger has always been a specialist in selling assets that are out of favor with other business people. For instance, when he was at Goldman Sachs, he would sell car loans, alcoholic beverage and troubled mortgages among other. He has a way of excelling where others have failed, and this remains one of his strongest points in life. Peter Briger holds an MBA from the University of Pennsylvania and a BA from Princeton University. He has remained a part of his alma mater by playing various crucial roles in the development of the university. He serves on the board of Princeton University Investment Company.