How Peter Briger Established His Reputation As A World-Class Investor In Distressed Debt

Peter Briger is an executive at Fortress Investment Group, LLC. He is a principal, co-chairman of the board of directors, and the head of its private credit division. He arrived at this financial firm in 2002 after having worked as a partner at Goldman Sachs for 15 years. His specialty is investing in distressed debt that other investors don’t want whether due to economic factors or other market conditions. As of 2015, he was compensated $22.6 million with the vast majority of that being bonuses due to his investing acumen.

When it comes to distressed debt, Peter Briger has built a reputation as a world-class investor who can pull off the feat of buying low and selling high. After the aftermath of the 2009 financial collapse, he said that what he does is essentially “financial services garbage collection”. Banks have been forced to sell their risky illiquid assets because of increasing government regulation. This means that they have to sell it as a discount which Peter Briger is more than happy to purchase.

He says that the Dodd-Frank regulatory reform legislation has been especially helpful for how he makes money at Fortress Investment Group. Banks have to now hold high-quality assets and preserve huge amounts of capital reserves against any of their assets that are determined to be of too much risk. In order to boost returns, they thus have to sell their risky assets which he capitalizes on.

On March 31, 2017, Peter Briger joined The Center for a New American Security (CNAS) as one of its advisory board members. He will contribute his thoughts and opinions on how to keep America safe by improving national security. He joins leaders from the world of academics, business, the military, and government. The CEO of this organization, Michèle Flournoy, released a statement saying that they couldn’t ask for someone to join their board who is more engaged, dedicated, and knowledgeable. Peter Briger Jr: Fortress Investment Group’s King of Debt

Other nonprofits he has leadership positions in include Tipping Point which is a San Francisco-based organization that supports low-income families. He also helps lead a charter school network, Caliber Schools. Click here