Peter Briger On The Frontline Of Fortress Investment Group’s Investment Strategies

Peter Briger is a financialist who has certainly left his mark in the world of finance and has been named on Forbes top 400 most influential businessmen. Today he works at Fortress Investment Group as the Co-Chairman and President of the Board of Directors. Briger is a talented finance professional and has held a number of executive positions at reputable firms including Goldman Sachs. Peter Briger Informally known as Pete to his peers, Briger has steered Fortress Investment Group to achieve historic milestones and continues to do so as the head of real estate and credit fund business. His expertise is distressed and illiquid investments and his skills come in handy at a time when the company is looking for ways to raise capital for corporate lending in their new era under SoftBank Group.

Sourcing Funds

Fortress is in the process of raising more than $2 billion for their first phase of lending and has promoted some of its employees to team up with Pete. The direct lending push is aimed at meeting the demand for capital because the banks are struggling with tighter regulations. Banks are the traditional and the largest lenders, but they are finding it difficult to continue with the trend because of unfavorable regulations. This has given investors an opportunity to venture into direct lending and Fortress is on course to do so.

The company has set up a fund called Drawbridge Special Opportunities and it is expected to bridge the gap. Peter Briger being the head of the credit fund business at the company is on the frontline of the new strategy and is spearheading the efforts to indulge in flagship credit opportunities funds.

According to Pete, Fortress is looking to become the alternative lender and you can trust that Briger is the right man for the job. Throughout his career; at Fortress and also his fifteen-year stint at Sachs he has demonstrated remarkable skills in credit management and handling of bad debts. It is such unique skills that drove Briger to be named partner at Goldman Sachs. Today, under his leadership, Fortress manages assets worth more than $65 billion all over the globe.

More about Peter Briger

He attended Princeton University where he graduated with a Bachelor’s degree and also holds an MBA from University of Pennsylvania’s Wharton School of Business. Briger is a major financier of the Princeton Alumni Entrepreneurs Fund (AEF) and is a board member of Caliber Schools. He also supports a number of other charitable initiatives including Tipping Point which assists economically challenged families in San Francisco to improve their quality of living conditions.

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