Ever since its formation as a private equity in 1998, Fortress Investment group has made massive strides in the finance sector and is currently one of the leading alternative asset management firm not only domestically, but also internationally. The firm has always been a pacesetter in all its operations, and was even the first private equity ever; to go public in the NYSE. It began with an asset base of $400 million only, but today manages assets worth over $40 billion which indicates more than a hundred percent growth. With over 1700 investors on board, Fortress Investment group has always been, and is still a force to reckon in the finance arena. The impact of the firm can be felt in almost all areas of the finance arena as it specializes in nearly all the core areas that corporates are part of, from asset-based investing to corporate M&A’s.
Its massive and relentless growth can be attributed to its panel of responsible and experienced leaders, Wes Edens, Randal Nardone, Rob Kauffman and Peter Briger who joined the firm in 2002. Even though Rob Kauffman is retired now, the three other principals have been an integral part of FIG’s consistent growth as they were all well versed with the departments they currently head before coming together to create Fortress. For instance, prior to the formation of Fortress, Wes Edens worked at Blackrock financial management where he was a partner and managing director. He also worked at Lehman where he played the same roles as Blackrock. This helped lay a good foundation for him as it equipped him with the skills and experience to run a more prominent investment firm. Thanks to that, when he joined hands with the other Principals, Wes Edens had what it takes to set Fortress on its full success throttle.
More about Wes Edens
Under his leadership, Fortress Investment group has achieved significant milestones. For instance, he led to firm to purchase Subprime lender Springfield financial services and also Centex home equity Company. Additionally, he is spearheading the operation of the Brightline railway line which connects the magic city, Miami and Fort Lauderdale. This project has helped ease the traffic and congestion which is usually observed during rush hours and has made life comfortable for daily commuters between the two towns. The Brightline train which is already functional is the only rail project which is not under the US government thereby creating another win for this asset management firm, and this can be thanked to Mr. Edens. When he is not busy spearheading projects, Wes Edens is often busy tracking the progress of the Milwaukee Bucks, which he co-owns with his partner Marc Lasry. Wes is an avid sports fan and as such owns various sports teams such as the League of legends and many others.