Businessman Wesley Robert Edens is most known for being one of the founders of the Fortress Investment Group LLC. He is also the collaborative owner of the company Milwaukee Bucks which is a National Basketball Association. Mr. Wes Edens is also the owner of the team FlyQuest that plays professionally the very popular online video game League of Legends.
Mr. Wes Edens achieved his education from the Oregon State University and graduated in 1984 with a bachelor’s degree in Business Administration and Finance. A few years later in 1980, Mr. Wes Edens put a start to his career at Lehman Brothers. He worked as a Managing Director and Partner until 1993. After that, Mr. Wes Edens started serving at BlackRock Asset Investors which is the private equity division of BlackRock. Mr. Wes Edens worked there until 1997 at the posts of Managing Director and Partner again.
The next stage of his career came with the establishment of the Fortress Investment Group LLC. He was among the five principal partners that co-founded the corporation in 1998. In 2007, the company became the first firm publicly traded buyouts. Mr. Wes Edens and his business partners got the Fortress Investment Group through the initial public offering and by 2009, the company had sold 8 percent of its shares to the public for 600 million USD.
The business has become a leader in its line of work. The Fortress Investment Group LLC offers a number of services such as private equities, credit funds, hedge funds traditional asset management, investment management, and so on. The company is based in the city of New York and had 2 533 employees as of 2016. The Fortress Investment Group LLC was later acquired by the Japanese conglomerate SoftBank Group which was established by its current leader Masayoshi Son who is Chairman and Chief Executive Officer of the global business.
The Fortress Investment Goup LLC purchased the company Spring leaf Financial Services which used to be called American General Finance and was working under AIG. Mr. Wes Edens was the primary catalyst for the purchase as he has been running the private equity department of the Fortress Investment Group. The decision to buy the company was a beneficial one as it only added to the portfolio of Fortress.
In addition to his work at the Fortress Investment Group, Mr. Wes Edens is also working at the company Nationstar Mortgage which used to be known as the Centex Home Equity Company LLC. Mr. Wes Edens is serving as Chairman of the Board.The Nationstar Mortgage is a lender for home equity mortgage. It was acquired by the Fortress Investment Group back in 2006 for about 575 million dollars. The purchase was prompted by the significant development that the company had undergone a year prior. The then Centex had started working in a total of 25 states and had achieved a portfolio of more than 33 000 homes across the United States of America.
In 2014, Mr. Wes Edens expanded his scope by purchasing the Bucks Milwaukee together with Marc Lasry. The two are currently establishing a new arena in Wisconsin.
For details: www.linkedin.com/in/wesley-edens-a6b19b3a