WES EDENS AND HIS BRILLIANT CAREER IN INVESTMENT:
Wes Edens is a businessman, an entrepreneur, and an equity investor. He is among the five founders of Fortress Investment. In addition to this, he is one of the proprietors of the FlyQuest team and he is also the co-owner of the Milwaukee Bucks team. This team belongs to the American Association of the National Basketball which is popularly referred to as the NBA.
Career at Fortress Investment:
In 1988, Wes Edens, Peter Briger, Randal Nardone, Michael Edward, and Robert Kaufmann started The Fortress Investment Group. Mr. Edens is a brilliant investor whose investment style best described as creative financing has been able to grow the investment company tremendously. The five were able to develop the company and in 2007 it was the first buyout firm to be traded publicly in an IPO. By this time the company included several assets, they included 14 equity funds that were private, two vehicles of real estate, and four hedge funds. By 2009, the company sold a total of 600 million dollars which was 8% of its share.
During this time, Wes Edens was appointed the Co-Chairman of the Fortress Investment, Board of Directors. While in this position he was very instrumental in getting the company out of a depression which sunk the stock price of the firm to under a dollar. In 2015, Mr. Edens became the chairman of the company’s infrastructure and transportation branch. He held this post for one year. FlyQuest is Fortress Investment’s eSports creation team that was formed in 2017. Currently, the team is competing in the NA LCS. Mr. Edens is the head of Fortress Investment Group’s private equity branch.
Under this post, he has been able to spearhead several investments like the acquisition of Springleaf which is a subprime lender.According to Wall Street, Mr. Edens was termed as the subprime lending king because of this vital acquisition. Another important acquisition that Mr. Edens was in charge of was the purchase of Nationstar Mortgage. The entrepreneur is the equity mortgage lending company, chairman. Apart from Fortress Investment Group, Mr. Edens has also worked for The Lehman Brothers and BlackRock Investors. He launched his career at Lehman Brothers in 1987.
About Wes Edens:
Mr. Edens attained a Finance and Business Administration B.S from the university of Oregon State. The entrepreneur is married and he has four children. He enjoys mountain climbing and horse jumping during his free time.