History Of Fortress Investment Group: Wes Edens
Wes Edens is a prominent American businessman and private equity investor. His best known as the owner of Milwaukee Wisconsin based national basketball Association Festival team, Milwaukee Bucks. He was born on 30 October in 1961 and originally went to school at Oregon State University. At Oregon State University he received his bachelors in science and the degrees of finance and business administration. He graduated from the University in 1984.After graduating from the University and completing his formal education, he finally began his career in the finance industry. The first position he took was as a partner in managing director for investment firm Lehman Brothers. He took his first position at the Lehman Brothers investment firm in 1987. He served at the Lehman Brothers investment firm until 1993.
It was then that he decided that he would like a change of pace and switch corporations to begin working for Blackrock asset investors. He remained working for Blackrock asset investors until 1997. During his time at Blackrock asset investors, he worked as a partner in managing director.After having worked in the finance industry for a little over ten years, he decided that it was about time or him to launch his own company. Wes Edens along with the help of four other individuals founded Fortress Investment Group. Fortress Investment Group was originally launched in 1998. The investment style that Wes Edens utilized in his company has helped to build businesses through successful investments and has been described as being based upon bets against the system and creative financing.
Wes Edens company Fortress Investment Group’s became the first publicly traded private investment company in the United States when in 2007 during the month of February they held their initial public offering. During this initial public offering, 8% of the company was sold for a total sum of $600 million.During the company’s formative years it was able to increase its evaluation by around 39.7%. This was taken note of it by several corporations around the world. In 2017 suffering group Corporation a technology company from the nation of Japan began a corporate acquisition of Fortress Investment Group. During this acquisition Fortress, Investment Group experienced $140 million increase in valuation due to a charge of $2.25 per share premium on the sale price of the company. Without the expert guidance and leadership of Wes Edens, such a deal as this would not have been possible.