A Fruitful Reign at the Fortress Investment Group for Wes Edens

Fortress Investment Group owes its great success to excellent leaders such as Wes Edens. In the company of other two experts in the financial industry, Randal Nardone and Rob Kauffman, Fortress Investment Group hit the market in 1998. The three principals remained committed to enhancing the growth and development of the alternative asset management firm.

After several years, Kauffman retired to follow his passion in the field of racing. His retirement in 2012 paved way for other industry practitioners such as Peter Briger. Briger still works with the firm as one of the major principals.

Wes Edens runs the Private Equity Division at Fortress. It is the major reason behind the foundation of the organization. Today, Fortress Investment Group serves as a dynamic firm in the management of investments. It has over 43 billion dollars’ worth of assets under its management. A majority of its investors are on private equity, hedge funds as well as permanent capital vehicles.

Edens uses an investment approach that is highly tolerant to complex issues. As such, he effectively enhances considerable returns from assets that are distressed or those against the capital market operations. He uses the staggering market situations to source for clients with limited funds for businesses with extensive capital requirements. His ability to handle even the most complex issues offers a stable base for the private equity division.

In addition to his financial career, Edens is a remarkable sports owner. In 2014, he and Marc Lasry successfully purchased the NBA team, Milwaukee Bucks for 550 million dollars. He also backs other sporting activities through the support of Fortress Investment Group. Additionally, he has made plans to buy a large stock at Aston Villa Soccer Club together with an Egyptian billionaire, Nassef Sawiris.

Moreover, Wes Edens owns the Brightline train service which operates in some parts of the U.S. The train started its Miami operations at the beginning of the year. It seeks to offer commuters a friendlier means of travel and reducing traffic.

Prior to his career at Fortress, Wes Edens worked at BlackRock and Lehman Brothers as a partner and managing director. The skills and deep experience acquired from these companies come in handy at his current role. Edens owns a Finance and BA from the renowned State University of Oregon.

What We Need to Know About Betsy Devos

While perhaps a bit tone deaf, no one can deny the influence Betsy DeVos has had as a resident of Grand Rapids, Michigan. Still, the locals in western Michigan struggle to reconcile the Betsy DeVos they once knew with the Betsy DeVos who works as the controversial secretary of education under the Trump Administration. The Betsy DeVos who grew up around Grand Rapids had a reputation for philanthropy and generosity. Even the residents who disliked her political tendencies and unwavering commitment to charter schools couldn’t argue about what an asset she was to the community.

 

 

What You Hear About Her Now

 

Nowadays, Betsy DeVos has a reputation among her critics as tone-deaf, unprepared and insulated. More than a couple interviews with individuals who knew DeVos would say that they were familiar with how she deals with the state, and they used these words to describe her as the secretary of education.

 

 

Origins of DeVos Wealth

 

Hailing from the wealthy Prince family, Elsa Zwiep, the mother of Betsy DeVos, gave birth to Betsy DeVos on January 8, 1958. She was originally born in Holland, Michigan. Throughout her childhood, Betsy DeVos attended the Christian Reformed Church. Holland, Michigan, primarily consists of Dutch immigrants. Later, DeVos enrolled at Calvin College. U.S. News and World Report ranked this as the number one college in the midwest. Meanwhile, Forbes ranked it as number 187 on a national level. Shortly after, Betsy DeVos married Dick DeVos, the son to the famous co-founders of Amway. Dick DeVos tried to run for governor over a decade ago, but he lost in the primaries.

 

 

Famous Conservative Philanthropists

 

Over the years, the DeVos family has contributed to numerous political and religious conservative causes. The family advocates for expanding charter schools in the state of Michigan because they believe that it will bring educational benefits to less-privileged families. Charter schools allow for students to pay for private schooling through public funding, but critics of this approach say that it diverts much-needed funding away from public schools.

 

The DeVos family remains outspoken about educational causes for charter schools, and they believe that everyone has the right to a good education. The people on both sides of the scale have argued with equally good points. With DeVos in office, however, the likelihood of charter schools becoming more popular across the nation is quite likely because of a secretary of education who advocates so strongly for them.

 

For updates, follow Betsy DeVos on twitter.