Peter Briger is the creator, principal, and president of Fortress Credit Corporation. This team is made up of over 300 persons and is majored in assets that are undervalued and illiquid and distressed credit investments. At Fortress Investment Group, an investment company operating from the city of New York, he serves as the head, president, and principal of Real Estate and Credit business. He has been the Board’s co-chairman since 2009 in August and its director since 2006, November. He is also the firm’s co- CEO since December 2017. Away from Fortress, he is a member of the Spearhead Advisory Board.Peter Briger is a philanthropist dedicated to helping communities. He is Caliber Schools’ Board Member, Tipping Point Director, and Conservancy of the Central Park Management leader, Children’s Global Fund management leader and the director of the Investment Company at Princeton University.
In the medical field, Peter Briger serves as an Advisory Board Member of the Special Surgery Hospital. The Children’s Global Fund helps organizations in different communities with resources to serve better children who are faced with much risks in their demographics.Prior to joining Fortress, he had spent a total of 15 years at Goldman Sachs & Co. He partnered with them in 1996 and held various positions during his course. These include co-heading Trading business and Sales of whole Loan, Principal Investments Group’s Fixed Income’s, Asian’s business of Distressed Debt and Asian’s business of Private Equity in Real Estate. He was also the advisor of International Finance Corporation on dealing with distressed debt. He currently is Linktone’s Advisory Board Member. He has an M.B.A from Pennsylvania University’s Wharton Business School and an Arts Bachelors from Princeton University.
Peter Briger recently explain how Wall Street got into the Bitcoin Business. He said that the influence to venture into this technology was after his first encounter with Bitcoin in 2013, during his trip of Heli-skiing in the Rockies of Canada. He had asked other entrepreneurs and financiers to accompany him to a Fortress owned company’s lodge. One of his invitees, Wences Casares, brought the Bitcoin idea to Peter Briger along with other men who were all intrigued by the idea. However, he was not really convinced and sought more assurance of the business from a number of his trusted friends. He later looked into the business and after confirming that it was real gave the idea to Wells Fargo. This technology would be of great benefit to this firm reducing the luggage and long distances hustle.