Wes Edens and Exciting Ventures and Purchases by Fortress Investment Group
Wes Edens is the Chairman and one of the Founders in 1998 of Fortress Investment Group, which is headquartered in New York and is one of the largest and diversified alternative asset managers in the world and has developed a deep expertise in managing acquisitions and mergers. It directs more than $70 billion in assets under management and employs 1,100 people in 15 offices around the world. Its 2007 initial public offering was the initial large private equity firm on the New York Stock Exchange (NYSE) to go public.
Its three principals are New York-based WesEdens and Randal Nardone and San Francisco-based Peter Briger. They chose to continue their roles after the purchase of Fortress in 2017 for $3.3 billion by SoftBank Group Corporation, a Japanese multinational with its headquarters in Tokyo. Fortress, now in a worldwide market, continues as an independent entity with Wes Edens, Briger, and Nardone staying on as principals. Its operations are in three principal categories of Private Equity, Credit, and Permanent Capital Vehicles.
Wes Edens has a variety of important titles including co-chief executive officer, private equity chief investment officer investing in diverse industries, president of private equity, principal and private equity chief investment officer, chairman of Nationstar Mortgage which Fortress purchased, and more. He received his Bachelor of Science in Finance and Business Administration from Oregon State University in 1984. To know more about him click here.
Fortress has also just broken ground in September 2018 for its Miami-based Brightline Southern California to Las Vegas high-speed private passenger train that, upon completion in 2022, will make the 185-mile trip in two hours instead of the four hours or more that it currently takes for the drive on the busy Interstate 15 freeway that links Southern California to Las Vegas, one of the most traveled USA routes. Construction on the first phase of the rail project is expected to begin in 2019 on the rail line alongside Interstate 15, and the company plans to purchase 38 acres adjacent to the Las Vegas Strip to build a major intermodal hub terminus.