Wes Edens is one of the three principals who run Fortress Investment Group, headquartered in New York. The Fortress Investment Group is a private equity firm founded in 1998. The company went going public in 2007 after undergoing significant growth for its first few years. To date it manages assets of 43 billion for over 1,750 investors.
The company’s primary focus includes operations management, asset-based investing, capital markets, corporate mergers and acquisitions and sector specific knowledge of companies and institutions. Among its asset-based investing, Fortress specializes in credit funds and private equities. This investing can be further broken down to include financial vehicles that generate a long-term cash flow, real estate and capital.
Wes Edens and Randal Nardone are based in New York, while their third partner, Peter Briger is based at their branch located in San Francisco, California. Before Peter Briger became the third principal in 2015, Fortress Investment Group decided to be the first hedge/private equity fund to go public in 2007. It is now offering its high risk and high rewards to the individual investor in the form of shares, which mitigates the overall risk depending on how many shares one buys.
After going public, Fortress then introduced access to other investments via the internet. In addition to giving internet access to funds, Fortress acquired some sizable assets. One such asset was American General Financial Services (AIG). After it was acquired, the name was changed to Springleaf Financial Services. Under the umbrella of Fortress, its value exploded to $3.5 billion.
In 2011, Fortress became an international company with offices in Shanghai and Singapore and one additional office in San Francisco. As usual, with massive growth, Fortress became a very sought after company and in 2017, it was purchased by the Softbank Group Corporation in 2017. Softbank kept the principals, Randal Nardone and Wes Edens as heads of the company and it still operates independently.
Softbank has an even larger worldwide market, so Randal Nardone and Wes Edens look forward to expanding their reach. They already have potential investments in the Caribbean, Western Europe, Northern America and see company ties in Saudi Arabia. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club