Private Equity Investor and Fortress Chairman, Wes Edens.

Wes Edens is the owner of South Florida’s bright-line rail system. He was admitted into Oregon State University and undertook a bachelor’s in Finance. In the year 1984, he secured his first job with Lehman’s Brothers as a partner and a managing director. After working at the firm for a couple of years, he moved to BlackRock as a partner.

With an initial investment of $400 million, he partnered with Randal Nardone, Robert Kauffman, and Michael Edward to launch Fortress Investment Group. Founded as a private equity firm and debt security firm, the company was established to deal in property investments and management of assets. Read more about Wes Edens at Industrial Areas Foundation.

In the year 2009, Wes Edens was elected the Chairman of the company’s board of directors. Due to his vast experience and skills in private equity investments, he was tasked to chair the individual capital department of Fortress. Under his leadership, the portfolio experienced major successes which led to its expansion.

The acquisition of Springleaf Financial Services is also attributed to his efforts. Despite Fortress Investment Group’s acquisition by SoftBank in the year 2018, Wes Edens was allowed to retain his managerial position. He announced in January that his principal business would be sold at the cost of $3.3 billion in cash.

It was also agreed that Fortress would continue with its activities from its capital in New York City. Besides his interest in the corporate world, he is passionate about sporting activities. He partnered with Marc Lasry in the year 2014 to purchase Wisconsin’s Bucks Basketball team.

The duo raised $550 million to acquire the club from Kohl. They also contributed an extra $100 million to construct an all sporting arena.

Wes Edens also collaborated with billionaire Sawiris to acquire a 55% stake of Astonvilla Football Club. The acquisition made the two the most significant stakeholders of the England based team.

The club is currently in the Championship level of English Football. During the purchase, Sawiris said they would strengthen the club by buying new players.

He is also the owner of the ultra-modern rail system located in South Florida. During the launch, he said that the 135 mph system would improve business in the area.


Read more: https://en.wikipedia.org/wiki/Wes_Edens