Wes Edens is one of the Fortress Investment Group principal based in the New York City and a co-founder of the company too. Wesley is the private equity chief investment officer at his company and also has investments in various other industries such as media, financial sector, healthcare providers, real estate, infrastructure as well as transportation. Edens serves at different capacities in the leadership of the company such as co-chief executive officer, head of private equity and principal of private equity. Before the Fortress Investment Group was founded in 1998, Edens worked as a partner at BlackRock Financial Management, Inc. where he was the managing director for a long time. Previously he also served as the managing director and partner of Lehman Brothers.
Wes Edens was also awarded the title of “New King of Subprime Lending” from the Wall Street Journal as a result of his commitment and hard work when Fortress Investment Group bought subprime lender Springfield Financial Services as his idea. Subprime lender Springfield Financial Services which was initially known as “AIG’s American General Finance.” By 2015 and was going to be a great addition to the benefit of the Fortress Investment Group since at the time it owned up to a maximum of $3.5 billion in assets. As time went by, Fortress Investment Group also bought “Centex Home Equity Company, LLC” which was at the time a subprime mortgage lender. Later, Centex Home Equity Company, LLC would be renamed to “Nationstar Mortgage,” and Wes Edens took the chairman position at the company.
WEdens’ interest in the finance sector cannot be ignored therefore due to his significant contribution to the industry. He is also a great fun of sports and in 2014, together with his partner, decided to purchase Milwaukee Bucks for $550 million. Edens also went ahead to promise the former Milwaukee Bucks owner Herb Kohl that he would in future engage in building a new arena for the team and also that he would see to it that it remained in Wisconsin. Wes Edens studied finance and business administration at Oregon State University which set him a right path to his success in the finance industry.