Fortress Investment Group: Wes Edens

Wes Edens is best known for his role in the American economy. He helped to found the first publicly traded private equity investment firm. This investment firm is known as Fortress Investment Group. He also owns several sports teams. One of the sports teams that he owns is based out of Milwaukee Wisconsin. The sports team is known as the Milwaukee Bucks. Milwaukee Bucks are a member of the national battle Association. Another sports team that he owns is part of the electronic sports league. This sports team plays a video game that is known as league of legends. The sports team that plays the legends that Wes Edens owns is known as FlyQuest.

Wes Edens began his career in the finance industry by first attending Oregon State University. He graduated from Oregon State University in 1984 with degrees in finance and business administration. After receiving his formal education, he began to work in the finance industry by becoming a member of Lehman Brothers. Lehman Brothers is a well-known investment firm in North America. At Lehman Brothers, he was a managing director and partner for the investment firm. He worked there for several years and eventually switch career tracks and became a member of Blackrock asset investors. At this company, he gained significant experience in the finance industry, and after several years he decided that it was time for him to launch his own company. In 1997 he left Blackrock asset investors and began searching out help in order to launch his own company.

In 1998 with the help of four other individuals, Wes Edens launched Fortress Investment Group. The company experienced significant success during its formative years. It was able to increase its asset holdings by around 40% in a span of only seven years. During the spring of 2007, Fortress Investment Group became the first private equity investment firm in the North American continent be to be publicly traded by holding its initial public offering which was underwritten by Lehman Brothers and Goldman Sachs on the New York Stock Exchange. After this initial public offering, the company had managed to sell 8% of its shares to the public for a total of around $600 million. The Corporation continued to be successful, and in 2017 Japanese technology company Softbank group Corporation acquired Fortress Investment Group for a premium of $2.25 per share. This premium led to an immediate increase in valuation of the company by $140 million.