Our People

Peter L. Briger, Jr


Peter L. Briger, Jr. joined the Fortress Investment Group in March 2002 as Co-Chief Executive Officer. Prior to joining Fortress Investment Group, Mr. Briger spent 15 years at Goldman, Sachs & Co., where he became partner in 1996. Over the course of his career at Goldman Sachs, he also held the positions of co-head of the Whole Loan Sales and Trading business, co-head of the Fixed Income Principal Investments Group, co-head of the Asian Distressed Debt business, co-head of the Goldman Sachs Special Opportunities (Asia) Fund LLC and co-head of the Asian Real Estate Private Equity business. In addition, he was a member of the Goldman Sachs Global Control and Compliance Committee, Asian Management Committee, and Japan Executive Committee.

He is also a member of the Young Presidents' Organization Metro New York Chapter and The Council on Foreign Relations, and serves on the Board for the Hospital for Special Surgery. He served as an advisor to the International Finance Corporation on matters related to distressed debt, and served as a member of the CompuCredit Corp. Board of Directors.

Mr. Briger received an M.B.A. from Wharton and B.A. from Princeton University.

Joel L. Fleishman


In 1971, Mr. Fleishman joined the faculty of Duke University where he combined his background in public policy and law as founding Director of the Institute of Policy Sciences and Public Affairs, a position he held until 1983. He has been a Professor of Law and Public Policy Studies since 1974. Mr. Fleishman became Chairman of the Capital Campaign for the Arts & Sciences and Engineering in 1982, which succeeded in raising more than $200 million in endowment. He was appointed Vice President of the University in 1985, Senior Vice President of the University in 1988, and First Senior Vice President of the University in 1991. In September of 1993, Mr. Fleishman relinquished his administrative duties at Duke University to become President of The Atlantic Philanthropic Service Company, Inc. in New York City, which he held until January, 2001, at which time he was appointed Senior Advisor at APS Company. Throughout his years with APS, Mr. Fleishman continued as both a part-time Professor of Law and Public Policy Studies and Director of the Sam and Ronnie Heyman Center for Ethics, Public Policy and the Professions within the Terry Sanford Institute of Public Policy at Duke University. He returned to full-time status in both of those positions on July 1, 2003.

Mr. Fleishman's scholarly work reflects his long-standing interest in ethics, public policy, and not-for-profit organizations. He was co-author of “Ethical Dilemmas and the Education of Policymakers” in 1980 and co-editor of “Public Duties: The Moral Obligations of Government Officials” in 1981. He has also written articles concerning urban studies, the Postal Service, and the financing of federal elections. His most recent articles focus on public trust in not-for-profit organizations. He currently serves as Chairman of both the Board of Directors of the Urban Institute and of the Board of Trustees of the John and Mary R. Markle Foundation. He is a trustee of the Jewish Theological Seminary of America, the Artscroll Mesorah Heritage Foundation, the American Hebrew Academy, and the Partnership for Public Service. He is also Chairman of the Visiting Committee of the Kennedy School of Government at Harvard University, the External Advisory Board of The Hauser Center for Nonprofit Organizations at Harvard, and the Governing Council of the Rockefeller Archive Center. He was elected in 2003 to the American Academy of Arts & Sciences.

In addition to his academic activities, Mr. Fleishman is a member of the Board of Directors of Boston Scientific Corporation, the Polo Ralph Lauren Corporation, and the James River Insurance Group. For eight years he wrote a monthly wine column for Vanity Fair magazine.

Hugh R. Frater


Hugh R. Frater retired in 2007 as Executive Vice President of PNC Bank, NA, responsible for Real Estate. Prior to joining PNC in 2004, Mr. Frater was a Managing Director and Founding Partner of BlackRock, Inc., one of the largest publicly traded investment managers (NYSE: BLK). Mr. Frater served on the BlackRock Management Committee and also as both Co-Head of institutional client service and business development and the Real Estate Group. During his tenure, Mr. Frater founded BlackRock's insurance company asset management and high yield real estate debt businesses; both of which are now among the largest and best performing in their respective sectors. In connection with the real estate business, Mr. Frater formed and served as CEO of Anthracite Capital, Inc. (NYSE: AHR), a publicly traded specialty finance company. He also formed and led a series of private institutional commingled funds dedicated to mezzanine lending.

Mr. Frater is currently a director of Anthracite Capital and serves on the boards of PNC Investment Corporation and Midland Loan Services. Prior to founding BlackRock, Mr. Frater was a Vice President at Lehman Brothers, Inc.

Mr. Frater received an M.B.A. in finance from Columbia University's School of Business and a B.A. from Dartmouth College.
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