Why Peter Briger Was Elected As A Co-Chairman Of Fortress Investment Group LLC

Posted on May 15, 2018

At Fortress Investment Group LLC, Peter Briger is a Principal and the Co-Chairman of the Board. He was actually elected as a co-chairman in 2009. However, he had been a member of the management committee of the company before then. He joined the company in 2002. And apart from being a principal and a co-chairman of Fortress Investment Group, Peter is equally responsible for the Credit and Real Estate business at the firm. So basically, he has over 2 decades experience in asset management and business leadership.In 2007, while still a member of the management committee at Fortress Investment Group, he featured on the Forbes list of top 400 wealthiest Americans where he ranked as number 317 with a net worth of $1.5 billion.

Professional Career

Peter worked at the Goldman Sachs and Co. There, he spent 15 years and became a partner in 1996. And in 2002, he joined the Fortress Investment Group where he managed the hybrid hedge fund operation.

While at Goldman Sachs and Co, Peter Briger headed different committees. Some of these committees are:

  • The Asian Management Committee,
  • The Global Control and Compliance Committee, and
  • The Japan Executive Committee.

In addition, Peter Briger held leadership roles at the firm. He co-headed some groups such as The Fixed Income Principal Investments Group, Asian Real Estate Private Equity Business, Asian Distressed Debt Business, Whole Loan Sales and Trading Business, etc.As a real estate professional, he acquired a duplex which he eventually put up for sale. The duplex which is situated at the Central Park West costs $25 million. Some of the features of the duplex are 30-foot windows. A window in the master bedroom is overlooking the Central Park while the master bedroom has 30 feet of park frontage. The size of this property is 6,000 square feet. Also, it has more than one living room and many bedrooms.The expensive price of this duplex is understandable because the Central Park West has a rich history.

Educational Background

Peter attended the Princeton University where he obtained a Bachelor’s degree in Business Administration. Afterward, he attended the Wharton School of Business at the University of Pennsylvania for his Master of Business Administration program.Furthermore, this highly reputable investment and alternative asset manager, Peter Briger, supported Princeton entrepreneurship by becoming a member of the Princeton alumni advisory board where he and his board members felt that the best way to empower people is to initiate value forming and risk-taking through transformation. Also, Peter is married with 4 adorable children.