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.