Wes Edens’s Accomplishments at Fortress Group
Wes Edens is a private equity investor, American businessperson, and sports team owner. He co-founded Fortress Investment Group together with four other executives. Wes Edens is the co-owner of Milwaukee Bucks. This National Basketball Association business is located in Milwaukee. Wes is the owner of League of Legends Flyquest team. He went to Oregon State University where he received a degree in Bachelor of Science in Finance and Business Administration.Wes Edens commenced his career journey in 1987. This was at Lehman Brothers where he served as managing director and partner all the way to 1993. After that, he moved to BlackRock Asset Investors private equity division at BlackRock. He worked here until the year 1997 still as a managing director and partner. Wes joined Fortress as a confounder in 1998. Among other principals whom they co-founded the company with were Peter Briger, Randal Nardone, Michael Edward, and Robert Kauffman. Wes’s investment view was analyzed through an article called The Wall Street Journal in 2007.
Wes has been living in 6,000 square foot apartment with four bathrooms for more than 20 years. Fortress Investment Group was founded in the year 1998. It manages a great multitude of assets for diverse clients, which includes both private and public investors. Other services entail asset management strategies, hedge funds, credit, and private equity among others. It manages funds that are worth 73 million shares for Springleaf. Fortress has proudly retained its ownership over the years. Wes runs the private equity business at Fortress. He is behind the great success that the company invested in 2010. He led the purchase of AIG American Finance that enabled the company to be the major stakeholder for Springleaf Company.
Wes is the chairman of the subprime lender Springleaf Financial Services docket. This enabled Fortress to get 80 percent of the Springleaf for $125 million in 2010 that was used to build the financial services in the sector of private equity in the firm. Fortress now manages around $14.3 billion worth of assets for its clients. All these accomplishments are due to the commitment and dedication of the executives and other concerned members. Additionally, Wes Edens is recognized as the chairman of the Nationstar Mortgage. Fortress Company acquired this subprime equity mortgage lender for homes for $575 million in the year 2006.Wes is a proud family man with one wife and four children. He enjoys mountain climbing and horse jumping during his leisure times. These make him relax and have a cool time outside regular work.