A Look At Some Of Wes Edens Investments Of The Past Few Years
Wes Edens is a principal, chairman of the board, and co-founder of Fortress Investment Group. His firm, based in New York City, manages alternative investments. He is also the owner of a professional sports team and is the owner of an eSports team. He is a member of the 1984 graduating class of Oregon State University, earning a bachelor of science degree in business administration and finance. Wes Edens worked for Lehman Brothers and BlackRock before starting his own company in the financial industry.
His financial specialty is investing in private equity. He has bought and managed a number of companies through Fortress Investment Group such as Springleaf Financial Services and Nationstar Mortgage. He bought about 73 million shares in Springleaf which cost $125 million at the time. He was also the one to make the announcement that Springleaf would be acquiring OneMain Financial in March 2015. He said that both companies share similar cultures and philosophies and the combined company would be focused on providing premier financial services to their customers.
Another recent project Wes Edens has been heavily involved in is the Brightline project which now operates a private train between Miami and Fort Lauderdale. This train can hit 135 mile per hour which is far faster than the perpetually congested freeway between these two cities. He has talked about bringing Brightline to other parts of the country where freeways are always congested such as between Houston and Dallas and St. Louis and Chicago among others. He says his train service is great for travel between cities that take far too long by car but are too close to fly between.
Along with a business partner Wes Edens bought the Milwaukee Bucks in 2014 for $550 million. At the time Wes Edens promised fans he would get a new arena built and one is now in the process of being built. He is also looking for his team to earn a championship, something they haven’t done since 1971. In the area of eSports he owns a team called FlyQuest. His team competes in the Legends Championship Series around the nation.
Read More: urbanmilwaukee.com/people/wesley-edens/