Wes Edens Doesn’t Fear Risking on Dwindling Companies

Mr. Wesley Robert Edens alias Wes is the co-founder of Fortress group LLC. He also serves as the CEO, President, Principal and Head of its private equity. The company was established in 1998 and is a multi-billion project that deals with alternative asset management. Its headquarters are based in New York with offices all over the world.

Wesley Edens has been overseeing the company’s private equity business which basically invests in real estate, media, health care, financial services and transportation. He has previously served at BlackRock Financial Management Inc. where he was a partner and managing director of the firm. He was the head of BlackRock Asset Investors which is a private equity fund.

Wes Edens was born and raised on a ranch in Montana. Most of Wes Eden’s childhood was spent outdoors and he developed an interest in skiing, something that he still likes doing in Jackson, Wyoming where he owns the Caldera House, a prestigious hotel.

Wes Edens studied at the Oregon University and graduated with a degree finance and business administration. Fresh from university, Wes Edens was absorbed by a small bank in San Francisco. It is at this firm that Edens received the inspiration to move to New York. In 1993, Mr. Edens moved to New York where he landed a job at BlackRock. In 1998, together with his few colleagues, they decided to leave and started Fortress.

In 2007, they adopted the private equity fund public but suffered huge losses. In 2010, he surprisingly decided to bet on Springleaf Holdings Inc., purchasing $124 million in the form of stake. This mission paid off as by 2015 the value had risen to $3.5 billion.

Wes Edens has invested heavily in sports owning. In 2014, he became a one of the co-owners at Milwaukee Bucks, an NBA franchise. He was criticized for investing in a team that has not won a championship title in the last half-century. As this wasn’t enough, Edens went on to purchase stakes at Aston Villa, another sports franchise that is on a sharp decline. In a statement, Edens opined that he likes seeing things for what they are and not how other people see them.