A titan in the world of finance, Pete Briger is part of the elite Forbes 400 top business professionals worldwide. Briger currently serves as the President and the Co-Chairman of the Board of Directors at the Fortress Investment Group. Formerly a partner at Goldman Sachs & Co., Briger is also credited with helping take Fortress public. Briger joined Fortress in 2002, after a 15-year-long stint with Goldman Sachs.
Today, Briger heads the real estate and the credit fund business divisions of Fortress Investment Group and is primarily concerned with illiquid investments and distressed debt.
Armed with an MBA from the University of Pennsylvania’s Wharton School of Business and a Bachelor’s Degree from Princeton University, Briger’s professional career took off when he joined Goldman Sachs to serve various operational, management and leadership roles. A skilled and dedicated professional, he gained vast expertise during his tenure at the investment banking company, honing and developing a skill set comprising foreign investments, distressed debt, real estate and loans and trading. His financial acumen and business skills soon saw him become a partner at the reputable bank, before leaving in 2002 to join Fortress as the co-CEO.
Thanks to vast knowledge gained from his days working at Goldman Sachs, Briger was able to take Fortress to fantastic heights. He’s also credited with making Fortress one of the first alternative investment companies in the US to go public. Today, Fortress is a large investment management company, managing assets in excess of $65 billion. The company caters to both institutional and private investors. Of the many divisions of the company, Briger enjoys a distinguished position in the firm, helping convert distressed financial instruments into cash. And with the recent economic crisis going on worldwide, Briger’s role has come into the limelight as he helps debt-laden foreign markets raise capital.
An excellent leader, Briger also serves various other roles outside his professional commitments. He serves as a board member across several institutions and organizations and also actively engages in philanthropy as well. As a matter of fact, Briger has invested more than $600 million to help maintain and conserve the Central Park in New York. Briger also cares about various social causes, including providing quality education, helping children from at risk demographics and alleviation of poverty.
An extremely successful individual, Briger’s role in the world of investments and finance is unparalleled. While he has contributed significantly to Goldman Sachs, his work at Fortress has seen him rise to greater heights and become a billionaire in the process. However, Briger is continuing to work, as he leads Fortress and its investors in helping debt laden nations raise capital in today’s economic scenario. At 51, Briger certainly is a top-notch professional, a titan of finance, and a respected industry expert who has proven he knows his way around.
Photo Credit: Fortress