At times, various organizations serve as trendsetters depending on the specific services that they offer. Well, when it comes to private equity firms, Fortress Investment Group takes the day. The company was founded in 1998, and it has prospered under the leadership of Randal Nardone, Wes Edens, and Peter Briger.
Fortress Investment Group currently directs assets worth $43 billion belonging to 1,750 investors in permanent capital vehicles, private equity, and hedge funds. The company’s headquarters are based in New York. Additionally, since the private equity firm is quite large, they have an employee base of over 900 individuals. Well, since the organization is led by three principals, Peter Briger is responsible for the San Francisco branch, while Mr. Edens and Randal Nardone deal with the New York-based offices.
About Wes Edens
Well, Mr. Edens is a man who is very knowledgeable about finance. Also, since 2014, he has also expressed an interest in sports, and he is currently a professional sports owner. Since Mr. Edens has been somewhat a sports fanatic, together with Marc Lasry, they were able to acquire the NBA’s Milwaukee Bucks whose price totaled to $550 million. Far from that, Wes Edens is also the owner of FlyQuest, a team that participates in the North American League of Legends Championship Series. Fortress Investment Group also supports the team.
Well, as a leader at Fortress Investment, Wes Edens is the man in charge of the Private Equity Division. This division is a predominant part of Fortress since it served as an important part of Fortress right when the corporation was founded in 1998. Edens has been able to incorporate various investment approaches that have profoundly contributed to the success of the private equity firm.
Since business enterprises do encounter various challenges every now and then, Wes Edens has always been up to the task to seek solutions to the multiple problems thereby making sure that the Private Equity Division has thrived. Far from that, Edens was also a managing director and partner at Blackrock and Lehman Brothers. Additionally, he was also able to attend the Oregon State University whereby he was able to undertake Finance and Business Administration.
To learn more:https://www.youtube.com/watch?v=DX6nsfDqWhw