Wes Edens is the founder of Fortress Investment Group. He serves as Chief Investment Officer of his private equity firm. He has investments in several industries such as transportation, healthcare, infrastructure, real estate, media, and financial services. Before he co-founded Fortress Investment Group in 1998, Wes Edens was working as a partner at BlackRock Financial Management. He served as the managing director in this company. Even before BlackRock, he was a partner and managing director at Lehman Brothers.
When Fortress Investment purchased Springfield Financial Services, the Wall Street Journal gave Wes Edens the title of “New King of Subprime Lending.” The firm which had been known previously as American general Finance accumulated $3.5 billion assets by 2015. The company also purchased Nationstar Mortgage which was formerly called Centex Home Equity Company. Being a fan of sports, Edens bought Milwaukee Bucks in 2014 for $550 million. Wes Edens is a graduate of finance and business administration from the Oregon State University. He graduated from the University in 1984.
Fortress Investment group has been a trendsetter since its formation in 1998. It became the first firm to go public in 2007 on the New York Stock Exchange. It has diversified its business today, to control about 1750 private equity investors, $43 billion in assets, hedge funds and permanent capital vehicles. The company has it’s headquartered in New York and has 900 employees. The main areas of operation for the company are:
- Capital markets
- Sector knowledge of institutions and companies
- Asset investments
- Corporate acquisitions
- Operations management
For many residents of Florida, it is frustrating to commute between Fort Lauderdale and Miami. During traffic, it can take you an hour for a drive that usually takes 30 minutes. The situation is even worse in the case of an accident. The Wes Eden’s Brightline train has come in to offer a long-lasting solution. It is the only privately operated and owned passenger railway system in the United States. Since the beginning of the year, it has been operating between Fort Lauderdale and West Palm Beach. It has significantly reduced traffic and provided a more friendly travel option.