When Princeton University decided to start a program to nurture its entrepreneurs they knew they need people who would not only dedicate their resources but also be there to mentor these young entrepreneurs. The Princeton Alumni Entrepreneurs fund was such a natural fit for Peter Briger that he became part of initial funders of the initiative. Princeton University has over the years produced some of the best business minds in the country, and they have always had the vision of having a strong entrepreneurial program. This fund promised to do that, and it would make sense that the vetting of projects to be financed by the fund had to go through comprehensive screening. An independent panel of judges would go through the proposals submitted and grade them this would they give the basis for financing to the tune of a hundred thousand US dollars. The selected projects would then be assigned mentors who would guide them through the ups and downs of the entrepreneurial journey. The project has already achieved some form of success with various projects already doing well in the market and others on the verge of a breakthrough.
Peter Briger being an Alumni himself was keen to support the initiative. He understood what the fund would mean not only for Princeton but the entire country if these entrepreneurs were to achieve the level of success they aspired. Peter Briger has worked with entrepreneurs both in Goldman Sachs and Fortress investment group and as such he understands what it takes to succeed in the field. His career at the Fortress Investment Group he has been able to achieve phenomenal success since joining the organization in 2002. He joined the organization when it had just hit the three billion mark in asset management. They were on the verge of opening a credit division, which Peter Briger would lead at the time. His capability as a credit manager had already been proven at Goldman Sachs, and this would help him grow the division to what it is today. The division has been so successful that today it has grown to fourteen other locations and has been able to do deals worth more than 100 billion dollars.