Peter Briger serves Fortress Investment Group as its principal and co-chairman of the board of directors. Fortress is one of the largest alternative asset management companies in the world and Briger has been with them since 2002. Before this, he worked with Goldman Sachs for over a decade and a half.
Peter Briger studied at Princeton University, where he earned his Bachelor of Arts degree. He went on to attend the University of Pennsylvania’s Wharton School of Business and received his MBA during that time. Briger has always had a special knack for trading the kinds of assets that others are not interested in. He has made a career out of focusing on distressed debt, and he was able to use his talents, to the fullest, during his time with Goldman’s Special Situations Group in the late 1990s. Read the article at Wikipedia to learn more.
Peter Briger took part in many different trades during his time with Goldman Sachs and is known as the man who carried Goldman Sachs in recent years. One of his specialties during his time with the company was to buy and sale car loans as well as mortgages in Japan. Briger’s strategy has always been to purchase assets that are no longer popular with mainstream capital sources. It doesn’t matter what the reason is for their status as long as there is potential profit to be made. Briger usually waits until the market has come back up, and then he sells the asset for a nice profit.
After moving on from Goldman Sachs, Peter Briger went to work with Fortress Investment Group and worked with his team to raise more than $4 billion for the Fortress Credit Opportunities Fund IV. Today, he continues to find new ways to profit the company and has recently been working to buy up risky illiquid assets that are being sold by governments and other financial institutions who find them too risky. While many other investors are avoiding these kinds of investments, Briger understands the way the market works and knows there is still a lot of money to be made through them. He continues to keep his eyes open, and we’ll probably hear more news about his success soon.