Central to the growth and prosperity of Fortress Investment Group success over the years has been the invaluable experience of their co-chairman Peter Briger. Peter Briger who also doubles up as being a principal of the hedge fund has been a critical figure at FIG since he joined its staff in 2002.
Before Fortress, Peter Briger garnered the skills and experience that have propelled him from some institutions. He attained an MBA from Wharton School of Business in the University of Pennsylvania.
His position as partner at Goldman Sach also formed a crucial part of his educational and productive two decades in assets management. He moved to FIG in 2002 where he has had a lot of success leading the hedge fund to be one of the world’s leading assets management institutions.
Peter Briger has had an industrious and prosperous career at FIG. His expertise has been vital in transforming the hedge fund from a small firm to the industry leader it is now managing assets valued at beyond $65 billion.
His positions as the firm’s co-chairman and division head have been instrumental to the growth of FIG. He was elected to the former in 2009 which attests to the fact that he is influential and a good leader. He now heads FIG’s credit fund and real estate businesses.
In his time at the firm, FIG has had numerous milestones with the notable ones being the firm became the first hedge fund to be listed and the acquisition of the hedge fund by the Japanese firm SoftBank Group.
The latter was an upfront cash transaction of a sum believed to be $3.3 billion which is a testament to the leadership and growth of FIG from its modest beginnings in 1998. Peter was a crucial figure in this acquisition, and his administration was noted by SoftBank hence they opted to let him remain at FIG after the purchase.
Other than his professional life, he is involved in some philanthropic ventures. He is a member of the Silicon Valley Leadership Council. This is an organization that focuses on offering the much-needed support to needy kids in the society. He also helps fellow Americans to know and understand the foreign policy through the Council of Foreign Relations which he is a member too.
His busy career has seen him rank at 962 in Forbes Billionaires list with a net worth of a staggering $1.3 billion.