Daily Archives: August 3, 2018

Achievements of Wes Edens

Wes Edens studied at Oregon State University and specialized in Finance and Business Administration. Eden is one of the founders of Fortress Investment Group. Edens is not only an astounding leader in the field of finance but also a professional sports owner since 2014. In 2014, Wes bought the Milwaukee Bucks from the NBA for $550 million. Besides, Wes is a backer of eSports being the owner of FlyQuest which is a League Legends team that competes in the North America League of Legends Championship Series and receives backup from Fortress Investment Group that started in 1998 with Edens as one of the co-founders. The private equity invests in infrastructure, healthcare, transportation, media and financial services.

Wes Edens role at Fortress Investment Group was primarily in the Private Equity division, the core business why Fortress Investment Group was established. Edens’ approach of investment is one that much tolerance for complexity that endeavors for high returns from instruments not in favor or under distress with the capital markets. Difficult or changing environments are interpreted as an opportunity for leveraging scarce funding for a business that needs massive capital investments. The foundation of Fortress Private Equity division was based on the readiness of Eden to take on complex scenarios. Before joining the Fortress Investment Group, Wes Edens was a partner as well as a managing director at Black Rock and Lehman Brothers.

The Fortress Investment Group in which Edens is a co-founder and co-manager owns the Brightline Smart Service. Brightline is the only privately operated and owned passenger train system in South Florida transiting between Miami and Fort Lauderdale. Brightline offers food services, free Wi-Fi and comfortable leather seats to its passengers. There are plans to develop the rail system including a station at Miami covering six city blocks. Food hall, shops, residences as well as connections to various transit networks are ongoing. Edens’ vision is that the Brightline extends beyond Florida.

Wes Edens bought Aston Villa Club, injecting funds into the soccer team after it dropped from the top ranking premier league in 2016. Eden intended to strengthen the club and make sure it returned to its rightful place before the upcoming season and beyond. Aston Villa: Wes Edens & Nassef Sawiris to make ‘significant investment’ in club