Wes Edens is an established entrepreneur and a businessman in the American economy. He is perhaps popularly known for being the co-founder of one of the most successful investment firms in the country, Fortress Investment Group. Being the current chairman of the firm, Wes Edens has been able to steer the development agenda to ensure that Fortress becomes a successful company.
His career journey
Wes started off his career by joining the University Of Oregon State. After graduating in 1984 with a bachelor’s degree in Business Administration and Finance, he joined Lehman Brothers. Here, Edens was hired as the Managing Director and a partner between 1987 and 1993. He then decided to shift to BlackRock Investment Group where he was also the Managing Director and a partner. After gaining the necessary skills and knowledge in the financial industry, Edens together with other four individuals founded Fortress Investment Group. Through combined efforts, they have managed to make the investment firm a success.
His role at Fortress Investment Group
Besides being the co-founder of the company, Edens is currently serving as the private equity CEO where he has invested in different industries including healthcare, infrastructure, real estates, media, and transportation. He has worked hard to ensure that company clients receive exceptional services. Wes has also come up with tailor-made innovations, which have elevated the reputation of the company.
In 2007, he oversaw the company’s private investment firm going for public trading. With its first IPO being underwritten by Goldman Sachs and Lehman Brothers, Fortress Investment Group managed to sell its 8% of its shares to the public for a total of $600 million. With success witnessed in the IPO trading, most of the success has been owed to Wes Edens and his co-principals. He is still the chairman of the company and the administrative staff chief.
Achievements at Fortress
Edens has made tremendous success while at the Fortress Investment Group. When the company purchased part of Springfield Financial Services, the Wall Street Journal awarded him the “New King of Subprime Lending.” As a result of the recognition, Fortress grew to a total of $3.5 billion worth of assets. Wes Edens had also steered the purchase of Centex Home Equity Company, which is also a mortgage lender. Today, the company is known as Nationstar Mortgage. His success in finance has been witnessed across Wall Street. Aston Villa: Wes Edens & Nassef Sawiris to make ‘significant investment’ in club