Peter Briger joined forces with two other Princeton alumni to create a pilot funding program called the Alumni Entrepreneurs Fund at Princeton. Peter Briger and Gordon Ritter both graduated from Princeton in 1986, while it is not known what year the third anonymous founder of the pilot funding program graduated in. The purpose for the creation of called the Alumni Entrepreneurs Fund is to provide financial aid to recent Princeton alumni in their efforts to become entrepreneurs.
The Alumni Entrepreneurs Fund will assist recent Princeton alumni entrepreneurs to transform their creative abstract ideas into reality by providing them with as much as $100,000 in matching seed fund. For a startup team to be eligible for the fund, at least one member of the team must have relatively recently graduated from Princeton (within the last five years). In order to determine which teams are among the most qualified to receive assistance from this fund, a six-member panel has been established. Peter Briger is a member of six-alumni-entrepreneurs panel that not only reviews each team’s proposal to determine which teams meet the requirements to receive aid from the Alumni Entrepreneurs Fund but also initiates the mentoring process between the young fledging entrepreneurs and successful Princeton alumni entrepreneurs in similar business areas.
Peter Briger is a principle and a co-chairman of the board of directors with the Fortress Investment Group, who heads the alternate asset manager’s real estate business and debt securities business. Peter is also a member of Fortress’s Management Committee. Prior to joining the Fortress Investment Group, Peter worked at Goldman Sachs for 15 years and became a partner there in 1996. At Goldman Sachs, he co-founded Special Situations Group in 1997, a group that became a principal revenue driver for Goldman Sachs. Peter Briger is a holder of a B.A. degree from Princeton and an M.B.A. degree from the Wharton School of Business. He also serves on the board of a non-profit organization that serves low-income families in San Francisco, the Tipping Point.
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