Peter Briger, Chairman of Fortress Investment Group, Helped Change Private Equity

Peter Briger is Chairman and Principal of Fortress Investment Group, a large private equity firm with over $43 billion of assets invested for more than 1750 clients. In fact, Fortress Investment Group was one of the first major private equity firms to have a successful IPO and become publicly traded, and Peter Briger was a huge part of that making that happen. Briger, formerly a partner at Goldman Sachs, came to Fortress in 2002 and is currently in charge of the firm’s real estate and credit fund portfolios. He holds an MBA from the Wharton Business School of the University of Pennsylvania and a Bachelor of Arts from Princeton University, Briger worked in a number of key areas at Goldman Sachs, including the Asian Management Committee and the Global Control and Compliance Committee. In addition, he co-led their private equity and Asian real estate divisions, among other portfolios. At Fortress, Briger leads a team 300 strong who focus on identifying undervalued assets as well as distressed credit investments.

In addition to his work at Goldman Sachs and Fortress, Peter Briger was previously on the Board of Directors of Princeton’s investment company and is a supporter of the Central Park Conservancy. In honor of his achievements in the world of finance, he was named a Forbes Top 100 Business Professional.

Peter Briger is a huge proponent of the potential of Bitcoin. According to Briger, people are used to the way things are and do not question the status quo, but part of his job looking for distressed assets was to think outside the box and imagine possibilities. Peter Briger Co-Chairman at Fortress Investment Group Briger questioned why it was so easy to chat with someone located in a far-flung place on Skype, yet it is far more difficult to send that person a small amount of money. For Briger, this disconnect is the key to understanding Bitcoin’s success.

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