Peter Briger is an expert in financial services specializing in distressed debt. He is co-chairman of Fortress Investment Group’s board where he joined in the year 2002. He served on the management committee from 2006 as one of the directors in the company’s board, and he later became its chair from the year 2009 and was appointed as the Co-chairman in December 2017. He also serves as the president of Fortress Credit Cooperation which serves clients globally who have been held by huge debts; he is also a member of the board in different institutions such as Princeton university investment company, caliber schools and spearhead company, as well as an advisor at a hospital.
Peter Briger worked at Goldman Sachs for over a decade. While working there, he was an advisor on distressed debt for International Finance Cooperation, with other leadership roles in the company such as management of loans and grants. He became a partner to the company in the year 1996. He acquired his first degree from Princeton University and a Master degree in business administration from Pennsylvania University, Wharton school of business.
Fortress Investment Group has made a lot of developments ever since Peter Briger joined it. It is a leading company in the US which manages assets for institutions and investors. It was founded twenty years ago, and it has been able to manage billions of assets for its clients globally. The company’s major services are asset management, private equity and liquid markets. He was recognized by Forbes magazine twice in 2007 and 2008 editions Top 400 Billionaires, he was position 317 and 962 respectively. Peter Briger is, therefore, one of the most successful business administrators worldwide and he is worth billions of dollars gained from his investment and the shares in the company.
Peter Briger has a special interest in cryptocurrency(bitcoins). The technology used is what interests him most, the possibility to send cash instantly with no additional costs. This was a challenge to operate banks. He mentions that Fortress Investment Group was ready to offer a base for bitcoins exchange in the country. This is a great investment for the firm as many investors are turning to this new form of trading.
Apart from his works at Fortress Investment company, Peter Briger is also recognized for his charitable contributions in social issues. His contribution to a conservancy park in New York is just a little bit of his generosity. He has helped many children go to school even and helped in the eradication of poverty in the society. He has also contributed to the Princeton Alumni Entrepreneurs Fund, and these funds are meant to help entrepreneurs from the university start businesses. Successful entrepreneurs like Peter Briger share their experiences to mentor them in their new ventures; they also help in achieving the vision of the organization that is to produce creative, innovative and brave entrepreneurs from the students. The group has a slogan which is entrepreneurship the Princeton way; they also give financial support worth hundreds of dollars.
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