Peter Briger turns Risks into Assets

Peter Briger is president, principal and head of credit and real estate business at Fortress Investment Group. He joined the firm in 2002 bringing with him 15 years of experience from his time at Goldman, Sachs & Co. as well as significant knowledge of Asian markets and its leaders. Peter Briger received his B.A. from Princeton and an M.B.A. from the Wharton School of Business. Peter Briger’s talents have helped him trade assets that no one else wants, specifically distressed debt. During his time at Goldman Sachs he participated in buying troubled assets which had fallen out of favor and then holding on to these assets until the markets stabilized and they could be sold for a profit.

Briger’s expertise at assessing the best expectations for returns based on risks fits in perfectly with the goals of Fortress Investment Group. Since joining Fortress, Peter Briger’s success has only multiplied. After the 2008 financial crisis Briger saw the potential of buying assets, primarily in the financial sector, which owners were forced to sell at cheap prices for reasons such as bankruptcy, excessive debt and regulatory limitations. Banks must often deal with regulatory and political changes, and Briger knows when to take advantage of times when banks feel pressure to sell risky assets.

Peter Briger along with two other Princeton alumni has created a program which will fund assistance to recent University graduates who are budding entrepreneurs and to their startup companies. Aside from receiving financial support they will also participate in on-campus programs to share their experiences. He also serves on the Board of Tipping Point which is a non-profit helping out low income families in San Francisco as well as being on the board of Caliber Schools, a group of charter schools which prepares students for success in four-year colleges and for their lives after graduation. Learn More.

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