WES EDENS INVOLVEMENT WITH FORTRESS INVESTMENT AND MILWAUKEE BUCKS

Wes Edens is a private equity investor, a businessman as well as a sports team owner. He is the co-owner of a National Basketball Association team, Milwaukee Bucks with Marc Lasry. He attended the Oregon State University and was awarded a Bachelor of Science in Finance and Business Administration in 1984. He started his career working at the Lehman Brothers in 1987 as a partner and the managing director up to 1993. He moved to BlackRock Asset Investors as a partner as well as managing director up to the year 1997. Wes Edens was among the five founding partners of the 1998 Fortress Investments-Peter Briger, Randal Nardone, Micheal Edward, and Robert Kauffman.

The Wall Street published an article which described Wes Edens style of investments as contrarian bets and creative. With his and his partners’ efforts, Fortress being the initial publicly traded company as from February 9, 2007, selling 8 percent of its shares worth $600 million to the public by 2009. The assets under the watchful management of Fortress included both the private equity as well as the openly traded alternative grants that went public include four hedge funds, two real estate automobiles and fourteen privately owned funds. Nomura Holdings, a Japanese financial company, bought 15% of the organization in December 2006 for $888 million making the five principles billionaires when the proceeds went to them.

Wes Edens was made the Co-Chair of Board of Directors in 2009 and aided the organization resurges by providing subprime lending. The organization announced the development of an eSport team named FlyQuest which now has a team (League of Legends) which participates in the (NA LCS) a championship series of North American League of Legends.Fortress bought 80% of Springleaf for $1225 million in August and utilized both Springleaf as well as Nationstar in the building out of a financial service company in its private equity section, a company that manages assets totaling to 14.3 billion in dollars. Wes Edens was named position 297 by the Forbes Magazine in 2007 with his net worth being $1.6 billion at the time. His hometown is New York City in the United States of America, is married and with his wife Lynn Edens had four children. He partnered with Marc Lasry in 2014 and bought the Bucks for 550 million dollars from Herb Kohl promising to build them a state of the art arena and keep the team in their home ground of Wisconsin.

Leave a Reply