WES EDENS; A KNACK FOR SUCCESS

Fortress cannot be mentioned without the name Wes Edens popping up. He was among The principals that build Fortress Investment Group and has been at its forefront and pilot seat ever since.Even after its sale to Soft Bank Group, its management was retained and he was one of them. His style in investment has attracted comments from the likes of the catchy Wall Street Journal in 2007, which described it as “a knack for building businesses from investments, creative financing and based on contrarian bets”.He and the rest of the team led the company to become the first publicly traded largest investment firm in 2007, February 9. Edens and his partners became paper billionaires when Japanese financial holding company, Nomura Holdings bought15%of the company’s shares for $888 million.Ever since he and the other partners have broken into the billionaires’ lists by Forbes.

After the downturn of subprime mortgages of 2008, he became Co-Chairman of the Board of Directors and helped it bounce back by offering subprime lending. He had earlier served as the Chief Executive Officer from 1998 to 2003. He currently holds the position of a Principal and Co-Chairman.The alumnus of Oregon State University graduated with a B.B. in Finance and Business Administration in 1984.Wes Edens career kick-started at Lehman Brothers in 1987 taking up roles of partner and Managing Director. He later went to BlackRock Asset Investors a division of BlackRock’s Private equity where he was also a partner and Managing Director.He worked here until 1997 and went on to form Fortress in 1998. He currently serves on three other boards including Nationstar Mortgage Holdings where he is the chairman, New Senior Investment Group, also board chairman and Springleaf Holdings where he is a board member.

Wes Edens is also known for being the Co-Owner of the Milwaukee Bucks. He and Marc Lasry Purchased it in 2014 to form Herb Kohl at a price tag of $550 million. This came with a promise to let the team remain in Wisconsin and building it a new arena.Moreover, Wes Edens has led Fortress to venture into esports, launching a franchise in that line called FlyQuest. It aims at assembling a number of teams in order to compete across a range of popular esports games and global competitions. All this flying under the FlyQuest Brand. All this hard work and input earned him a ranking from Forbes where he is number 297 on the 2007 billionaire list of the Richest Americans. This kind of dedication has earned dedication and credibility even from Fortress’ employees who think of the working environment as conducive, learning-friendly, thoughtful and that the organizational structure is great!

Wes Edens’ Contract at Fortress Investment Group is extended.

Private equity investors are investors who directly put their resources in other companies instead of buying stocks. Usually, these investors buy the entire company. Also, they are some of the state’s largest owners of pension funds as well as endowments. Alongside being wealthy investors individually, private equity investors must possess viable investment skills for the particular business to be successful. Wes Edens has managed to cement his name on the walls of private equity investment. Over the past years, he has garnered extensive experience through working in different companies that have contributed to the wealth of knowledge he currently boasts of. Captivatingly, he is also the co-founder of Fortress Investment Group.

Fortress Investment Group

Moreover, Wes Edens is the co-chairman of the board of directors at Fortress Investment Group, an alternative investment firm that was founded in 1998. Until now, this firm has managed over $72 billion in assets. With its central office in New York City in addition to other offices across the world, the company has found a way to reach out to other clients from different economic forums. Thanks to the guidance of Wes Edens, this has been a strategy that has contributed to the growth of the company in various capacities.

Working at Fortress Investment Group

From the moment Fortress Investment Group was established, Wes Edens took over the realms of leadership in private equity business. Primarily, this department of firm invests in the industry of transportation, infrastructure, healthcare, and media among others.

His Contribution

In 2007, Wes Edens played a pivotal role in selling part of the company’s shares to Nomura Holdings. The deal was sealed at 15% of the entire shares, making Edens a billionaire at the time. In 2009, he was appointed the assistant chairman of the firm thanks to his dedication to revolutionizing the operating strategies.

Additional Information

Before founding Fortress Investment Group, Wes Edens worked as a managing partner at BlackRock Financial Management Inc. After a few years of service, he moved to BlackRock Asset Investors as a private equity investor.

Softbank Retains Wes Edens

Recently, Softbank Group announced the completion of the acquisition of Fortress Investment Group. Surprisingly, the management decided to retain Wes Edens even as the management transitions to a different umbrella. This is a reflection of Wes Edens’ powerful legacy in the company. He has shown his consistency and charisma when dealing with serious investment issues.