What sets Wes Edens apart?

By looking at some of the investment made by the Oregon State University graduate, we can start to understand some of the decisions that Wes Edens continues to make. The Fortress Investment Group co-founder has been one of the most influential people within the group and continues to guide the group’s operations to date. He has been a specialist in distressed debt assets and has not shied away from making investments in them. This has been done in his private capacity as well as for the group. He was one of the key influences that led to the acquisition of American General Finance a company that was heavily invested in subprime. In 2010 following the crisis that had hit that sector not many investors would have been willing to touch such an asset but not Wes Edens. He knew precisely what AIG needed and would with the help of distressed business expert and Co-CEO who is also in charge of the credit division at the Fortress Peter Briger acquiring a controlling stake for 125 million dollars. The first order of business for Wes Edens was to revamp its investment strategy, and by 2015 the company which had been renamed to SpringLeaf Financial had already grown to 3.5 billion dollars. This was a 27-time growth in value for a company that most investors would have considered unsalvageable. The wall street journal would go on to refer to Wes Edens as the new king of subprime. The company has today grown to manage assets worth more than 14 billion dollars.

He was not done with this sector as he went on to acquire Centex Home Equity company. This is what many people know as Nationalstar Mortgage where Wes Edens is the chairman. The company was in a similar space when it was acquired for 575 million dollars. This is what makes him one of the best when it comes to taking over distressed businesses. He has also had a keen interest when it comes to sports investing. He recently acquired a significant stake at Aston Villa which is an English football Club that has been in existence for the last century or so.

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