Wes Edens: Uncovering Successful Leadership at Fortress Investment Group

Wes Edens is a co-founder of Fortress Investment Group. He owns the Milwaukee Bucks. Wes Edens is known to be a prosperous businessperson in America. He invests in private equity and owns a sports team. Milwaukee Bucks is a national basketball association franchise that is located in the streets of Milwaukee, Wisconsin. Wes Edens is also the owner of League of Legends team FlyQuest. Wes has a Bachelor of Science in Finance and Business Administration. He was studying at Oregon State University where he graduated in 1984. Wes Edens started out in his career in 1987 at Lehman Brothers. He was a managing director and partner until the year 1993. After that, he became a managing director and partner at BlackRock Asset Investors, private equity division for BlackRock until the year 1997. He moved on to co-find Fortress Investment Group together with other four principals. This was in 1998. They included, Randal Nardone, Peter Briger, Michael Edward, and Robert Kauffman. Wes became more famous in 2007 when his investment style was talked about in the Wall Street Journal article. The article addressed creative financing, contrarian bets, and knack for growing a business through investments. Under Wes Edens leadership and other partners, Fortress firm was mentioned and recognized as the first publicly traded buyout company in 2007. It went through the initial public offering. In 2009, Fortress had already managed to sell 8% shares to the members of public worth $600 million and more

In 2007, Fortress Investment Group had achieved an assets management for both the publicly traded assets for alternative investment vehicles and private equity. This was broken down to 14 private equity funds, 2 real estate vehicles, and 4 hedge funds. Wes is historically recognized for being the catalyst responsible for the purchase of the famous subprime lender called the Springleaf Financial Services. They became the majority stakeholder at the Fortress firm. In the process, Fortress made great milestones in terms of investment that made Wes feature in the Wall Street Journal as the new king in the subprime lending. He is currently the chairman of the subprime lender of the Springleaf Financial Services as well as leading the private equity business at Fortress Investment Group. Wes also heads Nationstar Mortgage. This subprime home equity mortgage lender was acquire in 2006 by Fortress. Wes loves mountain climbing and horse jumping. He is a passionate worker in company bringing the best skills and expertise into practice. His ambition is to see the company prosper through in investment management and such projects.

Leave a Reply

Your email address will not be published. Required fields are marked *