Experience and expertise in distressed and bad debt have earned Peter Briger the nickname, distressed debt titan in the investment world. In the last two decades, he has also displayed exemplary leadership and finance skills as a founding principal and current Co-Chairman of the Board of Directors at Fortress Investment Group, LLC. But how did he get here and how has his experience in both the alternative investment world as well as banking helped shape his achievements?
Peter Briger started his career in finance at Goldman Sachs soon after graduating from Princeton University where he received his Bachelor of Arts degree. His deep market analysis skills would see him rise through the banker’s rankers quickly and was named partner 15 years after multinational banker. While at Goldman, Peer was a market analyst and specialized in identifying distressed but potentially rewarding debts. View Peter Briger’s profile on Linkedin
Establishing Fortress investment group
In 1998, Peter left Goldman and partnered with fellow finance experts to form Fortress Investment Group. His experience with distressed debts would see him left in charge of the group’s credit division.
A few years into the firm, his department had grown into one of the largest and the highest revenue earner for the firm, accounting for close to 30 percent of total revenue. By this time, he had expanded its operations to feature distressed debts, mortgages, and companies with more than 300 support staff.
His department was, therefore, instrumental to the overall success achieved by the company. Peter Briger expertise came to test after the real estate market crash in 2008. He, however, helped his company navigate through the crisis and helped Fortress establish an even stronger foundation through further investment diversification and reduced overreliance on mortgages.
More about Peter Briger
When Peter isn’t charting new investment strategies or reviewing old ones at Fortress, he is participating in charity. The entrepreneur has over the years supported numerous charitable and non-governmental organizations in his local Princeton community.
He is also a Board Member at Caliber and Tipping Point schools. Caliber Schools is a group of education centers that help students prepare for the college education while Tipping Point provides quality education for children from low-income earning families in Francisco.