Wes Edens is the co-founder and Chief Investment Officer of Fortress Investment Group. The group is involved in investing in numerous industries that include mass media, finance, public healthcare, property management, infrastructural developments, and the transport industry. Additionally, he serves as the firm’s co-chief executive officer, deputy chairman, private equity lead officer, private equity president, and chief investment officer of private equity.
Before his involvement with the Fortress Group, Wesley identified himself with the BlackRock Financial management firm as a partner, also serving as the organization’s director. He has held previous posts at Lehman brothers as the managing director. The Wall Street Journal recognized his input in the firm’s acquisition of Springfield Financial Services, bequeathing Eden the title of “New King of Subprime Lending.” The new firm formerly known as AIG’s America General Finance had a total asset value of $3.5 billion by the end of 2015. More about of Wes Edens at Crunchbase.
On the behest of Wes Edens, Fortress obtained further sublime lenders in the mortgage industry, namely Centex Home Equity company. Currently, the mortgage firm goes by the name Nationstar Mortgage and is under the chairmanship of Eden. The entrepreneur marries his passion for finance with that of sports, as evidenced by his firm’s purchase of the Milwaukee bucks for a figure of $550 million. In the purchase negotiations, Wes Edens gave his word to the former owners to build a new stadium for the sports team and also to retain the Wisconsin locality.
Fortress Company’s diverse interest in the energy infrastructure revolves around the financing and providing quick solutions that give dependable power and sustains the environment. Under the guidance of Wes Edens, the firm has set out to provide clean, inexpensive and sustainable energy. The firm takes a cautious approach to merge its growth interests to the improvement of the quality of life.
While clean fuels exist in specific areas of the globe, harsh terrain is a challenge to firms endeavoring to provide the alternative resource. Fortress has a unique approach to solving critical hurdles that present hindrances to sources of renewable energy. The company employs an end to end approach to project development, funding the entire project without external borrowing. Wesley Eden’s firm engages expatriates in the energy industry while at the same time retaining an established logistic channel.