Wes Edens Role at Fortress Investment Group

He is one of the pioneers and principals of the Fortress Investment Group. At the firm, he serves as the Chief Investment Officer for the private equity division. The investment company focuses on areas such as the media, finance, healthcare, real estate, and transportation. Before he co-founded the organization, he was employed at Black Rock Financial Management where he served as a managing director. He later joined Lehman Brothers where he was also a managing director and a partner. Wes Edens transformed the finance sector and some publishers referred to him as the New King of Supreme Lending. He played a key role in the acquisition of Springfield Financial Services by the Fortress Investment Group. The acquired company had assets with an estimated value of $3.5 billion by 2015. One of the mortgage lenders known as Nationstar Mortgage was also acquired by Fortress in its efforts to expand the business portfolios.

At Nationstar Mortgage, Wes Edens works as the chairman of its board. He loves sports, and that inspired him to partner with a colleague to purchase a team known as Milwaukee Bucks from Herb Kohl. The deal was estimated to have cost $550 million. Mr. Wes Edens was determined to build modern facilities for the team. He also partnered with Nassef Sawiris to acquire a 55% stake in Aston Villa for an estimated investment of about $39 million. The Fortress principal hoped to restore the team’s lost glory that led to its demotion from the teams participating in the English Premier League. He attended the Oregon State University where he specialized in finance and business administration and graduated in 1984.

Fortress Investment Group’s investment in the transport sector include the Brightline passenger train. The project was launched in South Florida and the management disclosed that the train would operate mainly between Miami and Orlando. The train services were to be extended to cover more cities in states such as Georgia and Texas. According to Wes Edens, the management was looking at more areas where it took too long for driving and short for taking flights so that they can help people to move around easily.

Leave a Reply

Your email address will not be published. Required fields are marked *