Peter Briger is one of the five principle co-founders of the Fortress Investment Group and the current Co-chairman to the board of directors. He has seen the investment company through thick and thin and held on to see it grow into one of the most accomplished private and public equity management company in the country. Apart from chairing several other boards and presiding over the operation of different Fortress Group subsidiaries, Peter Briger serves as the overall head of the investment giant’s credit management division.
How the recent economic recess strengthened his resolve to philanthropy
Before joining Fortress group, Peter Briger worked as a partner at Goldman Sachs managing their distressed debt division. He continued with this line of work even after joining and Fortress and helped the institutional investor achieve immeasurable success managing distressed debts, mortgages for the banks and distressed debts for the rest of the industry. In the periods leading to the recession, the company specialized in subprime mortgages, making a direct casualty of the real estate recession.
Peter Briger’s Investment Company was one of the worst-hit companies at the time. But through sheer determination and pure devotion to their original dream, the partners helped the company get back on its knees and speed on to becoming the leading alternative investment company. This experience reignited Peters resolve to giving to charity and helping uplift the society in general.
Peter Brigers commitment to charity
Success is best enjoyed when shared, especially with the less fortunate in the society. That has become Peter Brigers driving motto in the recent past and has prompted him to not only donate more to charity but also fashion himself into a philanthropic symbol whose deeds inspire more successful entrepreneurs into giving back to the communities.
One such act of leadership through philanthropy is evidenced by the fact that Peter Briger sits on the board of governors for the Silicon Valley philanthropic community. The board is charged with the responsibility of overseeing the implementation of the donor funds in alleviation of poverty and improvement of life for the children.
The successful entrepreneur is, however, best known for his active role towards the maintenance and conservation of New York City’s Central Park. Peter undertook this project with the aim of not just ensuring the longevity of central park but also with the intent of improving the lives of the numerous individuals that depend on the parks survival for their livelihood, either directly or indirectly.
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