Peter Briger: Counting on skills to grow Fortress to greater heights.
Growing up Peter Briger always had an interest in finance. The 52 year old would attend the Princeton University, where he would graduate in 1986 with a B.A. This degree earned him an opportunity to work with Goldman Sachs where he was employed as an entry-level employee. At the time he would focus all his efforts towards achieving as much experience as he could in the various departments he would over the course of his 15-year stint work in. The opportunities came in thick and fast as he was soon heading some of the most versatile departments within the bank. This would land him in the Asian real estate private equity business one of the more specialized departments within Goldman Sachs. This department was mainly focused on real estate investments and opportunities within the Asian continent, especially at a time when the continent was experiencing a manufacturing boom that went hand in hand with a real estate one. This early introduction into the Asian market would expose him to the various opportunities that Asian held and he was able to give the continent a keen focus. Over the years Peter Briger would join various committees with most of them concentrating on the Asian market. These committees included the Asian management committee and the Japan executive committee. The Japan executive committee was one that would help Peter Briger understand the intricate workings of the Japanese economy and what motivated their investment strategists a skill that would prove useful when he joined the Fortress investment group. Peter Briger then joined the fortress investment group in 2002 with a special task of establishing a credit wing for them. This wing would be tasked with accessing, analyzing and recommending business opportunities that fortress would advance a line of credit to or make investments into. The model worked as intended as they have been able to finance deals worth more than one hundred billion dollars. These deals have been very instrumental towards the bottom line of Fortress. The group continues to grow its credit department as it announced a new fund worth more than five billion dollars for special credit opportunities investments. A Force of Innovation: Two Decades of Fortress Investment Group