Since its founding in 1998, Fortress Investment Group has fostered a spirit of ingenuity for alternative asset ventures. Ventures that include hedge funds, private equity, real estate and other commodities. In 2002, Pete Briger became involved with Fortress. Like the other principals, Peter could see the unharnessed potential of valuating illiquid assets. Peter Briger joined Fortress Investment Group after 15 years with Goldman Sachs. He earned his Bachelor’s Degree from Princeton University and a MBA from The Wharton School at the University of Pennsylvania.One of the unique assets that Peter Briger urged his Fortress Investment Group to get behind is Bitcoin. When asked about Wall Street joining the cryptocurrency business, Peter said that all payment systems should be on equal footing within the virtual currency world; but the problem was a lack of regulated exchanges for Americans.
When he responded to the involvement of Wall Street with Bitcoin, Peter was speaking at a meeting held in a glitzy conference room at its Manhattan offices. Fortress Investment Group had invited the top executives from Wells Fargo to discuss the possibilities of a high dollar capital commitment to the futures of Bitcoin. Given the unrelenting rise of Bitcoin futures the market data posed some boundaries on immediate involvement. But, Peter Briger interest in the technology of the cryptocurrency giant remained intact and he continues to pursue other avenues for Wall Street investing in Bitcoin.Bitcoin isn’t the only thing that lingers on the mind of Peter Briger, he also still maintains meaningful ties with his Alma Mater, Princeton University. Peter graduated from Princeton University in 1986.
In March 2015, he donated a large sum to the University along with two fellow alumni, one anonymous and the other was Gordon Ritter. Together, they established a Princeton Entrepreneurship pilot program. The program will richly enhanced the lives of those students on the path to potentially owning their own business. The gift in the amount of $100,000 is seed money; which will be matched dollar for dollar for imaginative ideas. It will enabled recent Princeton graduates to build upon their creativity and bring an original business concept to fruition. Peter Briger’s gift contribution to Princeton underscores his interest and concern for others. He also supports several charitable organizations in the New York area. Peter’s orchestrated a huge lift for one of his philanthropic endeavors, the preservation of New York’s Central Park by donating $600 million.