Peter Briger studied at Princeton University where he graduated with a Bachelor of Arts and then he went on to join the Wharton School of Business where he studied for his MBA. After graduating in 1987, Peter joined Goldman Sachs where he worked for over 10 years before joining Fortress Investment in 2002.
While he was at Goldman, Peter Briger was able to work under different roles and this allowed him to develop the skills he has today. When he joined Fortress Investment, Peter was placed in the real estate and data security side of things.
In 1997, Peter helped start a special group at Goldman and by 2007, the project has been able to return over $60 million. However, before all this shine, Peter Briger had sold car loans, alcoholic beverages, mortgages, and commercial aircraft. They would buy items that had failed to get capital because of either political or economic reason after which they would retain these acquisitions until their market value was raised or until the markets themselves were constant and reliable to sell them for a profitable amount. Learn more about Peter Briger at cnas.org
When Peter Briger joined Fortress Capital in 2002, he was able to raise over $4 million for a program known as Fortress Credit Opportunities Fund within the first quarter. In the recent years as banks have been forced to let go of non-profitable assets Peter Briger and his team has been able to salvage the little, they could manage after collecting the spoils. This gave his technique the name, garbage collection of financial services.
Currently, Peter is the co-Chairman of the Board of Directors of Fortress Investment Group in New York. Peter Bridger believes there is an opportunity to gain more from non-profitable assets, especially in the finance industry. Despite the fact that banks are doing better than they were back in 2008 through to 2010, the new regulations and politics have forced them to adopt a new way of running their businesses.
Peter is also a board member at Princeton University and he has contributed funds towards the Central Park Conservancy.