Peter Briger, an executive who manages private equity investments at a global firm also sits on a non-profit committee, the Peninsula Arts Guild. He was recently part of a project to take an old theater in downtown Menlo Park and have it renovated to accommodate a larger audience and a larger stage area for live concerts, dramas and movies. The total estimated costs between buying the theater and completing the renovation were between $10 million and $20 million, and the project went through with near unanimous approval from the Menlo Park town council. A Force of Innovation: Two Decades of Fortress Investment Group. Many local performing arts and live entertainment groups are also happy to see some good changes come to the theater.
Peter Briger has served on many other local San Francisco non-profit boards in addition to the Peninsula Arts Guild, but his number one commitment is to Fortress Investment Group. He is a graduate of Princeton University where he received his BA degree, and later he completed an MBA at the Wharton Business School at the University of Pennsylvania. For the first part of his career, Peter Briger was an investment banker who worked his way up to various leadership roles at Goldman Sachs. Committees he served on there included a lot of Asian-based credit and distressed fund management groups. Such groups also included their loan and trade business and their Asian Real Estate investment strategy. Briger later became a partner at the investment bank.
Peter Briger left Goldman Sachs to join Randal Nardone, Wes Edens and the now retired Rob Kauffman in 2002 at Fortress Investment Group. The San Francisco private equity firm has had a lot of different traditional private equity holdings in the usual credit, debt, real estate and other alternative investment vehicles, but they’ve now started to build their portfolio in financial technology and internet of things assets. Part of that has been their merger with Japan’s Softbank Corporation that has added that firm’s holdings to investor portfolios, but Briger and his colleagues still have control over Fortress’s main operations.
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