Wes Edens, an American businessman is not only a private equity investor, but he is also the owner of the sports team, Milwaukee Bucks. As the Co-Founder of Fortress Investment Group, he is committed to the relationship he has with his other partners and investors.
Starting his career early in life, Wes Edens began practicing with this marketplace when he joined Lehman Brothers in 1987. He later became a partner and a managing director in 1993, furthering his career for the purpose of preparing to become a principal partner in a larger company. It was in 2007 that an article published in The Wall Street Journal described his methods as creative financing. This led up to Fortress Investment Group preparing for their buyout in 2007. This was when Wes Edens and his partners hcose to take the company public, allowing for their IPO. The year 2009 was beyond promising for the group, with the company selling an 8% share to the public, resulting in more than $600 million return.
Investment vehicles for the group were more than plentiful as the company continued to grow. The millions in assets that they had under their wing for management included both private and public equity funds. With more than 13 private equity funds, and four hedge funds, the five principals of the group became billionaires just prior to their ability to go public.
The year 2009 became an earmark for Wes Edens, as he became the Co-Chairman of their Board of Directors this year as well as increasing profits. During the time of financial crisis, when mortgage companies began closing their doors, the stock prices began to fall. This wasn’t unusual during a time like this, but they began to offer subprime lending in an attempt to regain their footing. This led to him spearheading the Fortress Transportation and Infrastructure Investors in year 2015 to May 2016.
Soon after, the group made an announcement, that they were going to release their very own esports team, for the purpose of gaming known as Fly Quest. Today, this team is part of the League of Legends, and they currently compete in the North American League of Legends Championship Series.
Today, Wes Edens finds himself in charge of their private equity investing as well as the Chairman of Nation Star Mortgage, a branch of Centex Home Equity.