Peter Briger: The Making Of an Investment Genius

Peter Briger is a principal at Fortress Investment Group and co-chairs the board of directors at the successful company. He joined the company in 2002 after spending 15 years at Goldman and Sachs. After the company was acquired by Softbank he along with Wes Edens and Randal Nardone stayed on at the company as co-principals. His connections in the Asian market facilitated the acquisition. He identified the benefits of the acquisition by joining the other Principals in pointing out that it would give the company access to the global market.

Peter Briger had a successful career at Goldman and Sachs was very successful. He helped bring into being the Goldman’s Special Situations Group which was very secretive about deals they were involved in. However, it is credited the company’s high revenue in the last ten years.

Peter Briger’s success was as a result of his knack for buying assets no one wanted and making a profit when he did sell them. Any markets stability is affected by politics or other socio-economic factors. Peter Briger would buy these assets at a discount then sell them at a profit when the market stabilized.

He and the members of Goldman’s Special Situations Group bought and sold a South Korean Alcoholic beverage company, car loans in Thailand, a British Power plant among others. Although in theory, this business plan seems easy, it required the special understanding of the market in order to be profitable. Peter and his team succeeded over and over again.

Today apart from his position as Co-chair of the board and Principal he also heads the company’s credit division that was launched the year he joined the Fortress Investment Group. The Credit Division is made up of Fortress Japan Opportunity Funds, Fortress Credit Opportunities Fortress Real estate Opportunities, Fortress Secured Lending Fund, Drawbridge Long Dated Value Funds and Drawbridge Real Assets Funds. Read the article at Wikipedia to learn more.

About Peter Briger

Peter attended Princeton University for his undergraduate studies ten went on to the Wharton School of Business for his Master degree in business. He supports various charities including the Central Park Conservancy and Tipping point. He also sits on the board of the Princeton University Investment Company

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