What drives Peter Briger?

Peter Briger is listed by Forbes Magazine as one of the most influential business minds in the country. This is no mean achievement for a man who studied for his B.A at Princeton before embarking on his MBA at Wharton Business school. His quest for knowledge and good opportunity landed him at Goldman Sachs, where he worked for fifteen years holding various positions over the years. He was Co-Head of Fixed Income Principal Investments Group, Co-Head of Whole Loan Sales and Trading business, Co-Head of Asian Distressed Debt business and Co-Head of Asian Real Estate Private Equity business. This would also culminate in him been made Partner in 1996. While at Goldman Sachs, he was also an Advisor to International Finance Corporation on matters related to distressed debt.

This was in recognition to his deep understanding of debt and its various aspects. He would later on serve as Member of Advisory Board of Linktone Ltd. This have been some of the major milestones in the banking industry before he moved to Fortress Investment Group. Having been established in 1998 they were a relatively young group when Briger joined them, but they were already showing signs of breakout success in future. They were able to give returns of 39 percent on private equity while at the same time had managed to grow their assets from 400 million to 30 billion. By any metric this was bound to be a challenge for those that stepped up to help the group continue on this path. Peter Briger joined the management team and by 2006 he had been brought into the board.

This was in recognition to his immense contribution to the group. The IPO was launched the next year and Peter Briger was among those tasked with handling the same. The IPO launch was quite successful and made a number of billionaires on the way. Peter Briger would oversee the firm over the turbulent economic crisis as Co-Chairman. This was followed by a period of success with the fortress group receiving a number of them. This was followed by the election of Peter Briger to Co-CEO. In 2007 shareholders of Fortress approved an acquisition bid by Softbank for 3.3 billion. This served as a fresh injection of capital into the group. Softbank was, however eager to let the group remain as it was as it had already displayed an ability to do very well on its own.

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