Fortress Investment Group: A Story of Growth

In 1998, Fortress Investment Group became the first major private-equity firm to go public and be listed on the New York Stock Exchange. This company was co-founded by Randal Nardone, Wes Edens and Rob Kauffman. Nardone and Edens continue as principals of the company while Kauffman has retired to pursue other interests. The third principal of the company is now Peter Briger. Fortress Investment Group works in the area of alternate-asset investment. It seeks to gain value for its clients by investing in cutting-edge opportunities. The company operates within five key areas. These areas are: asset-based investing, operations management, corporate mergers and acquisitions, capital markets and sector-specific companies.

The company is considered to have a special expertise in the area of mergers and acquisitions. This is due to the fact that the officers of the company have a relationship with many important members of corporate boards. They have an understanding of what is important to those who hold key interests in the companies that are planning to merge their operations.During its first decade in business, Fortress Investments Group experienced a great deal of growth within its operations. It created four versions of its initial fund offering, and other funds were created including Fortress Partners Fund and the Fortress Brookdale Investment Fund. During the first five years of the company’s operations, assets grew from $400 million to $3.9 billion. These assets experienced phenomenal growth over the next five years with a growth to $32.6 billion.In 2010, Fortress Investment Group made some major acquisitions.

One of these acquisitions was American General Financial Services. Other companies acquired by Fortress in 2010 included Logan Circle Partners and Mount Kellet. In 2017, Fortress Investment Group was purchased by SoftBank Group Corporation from Japan. The two companies are operated independently. Since being acquired, Fortress Investment Group continues to grow. Last month, the firm announced that it would be creating a new fund that would focus on intellectual property. The fund will seek to buy companies that have acquired a great number of patents. The fund will also be a lender to smaller companies that have many patents.Fortress Investments is expected to continue its growth as it offers new funds. The company remains under the leadership of those who have a long-term relationship with the firm, and this relationship is expected to continue.

The Journey of Wes Edens in the Business World

Wes Eden is a common name in the American business industry. He is one of the greatest entrepreneurs in the United States and has been in the business industry for more than three decades now. He is the co-founder of Fortress Investment Group LLC, which is one of the largest investments Group in the United States. He is the Private Equity Chief Investment Officer. He also doubles up as the president of Private Equity, Head of Private Equity, and as the Co-chairman of the organization, a position he has held since 2009. Since December 2017, Wes Edens has been serving as the co-chief Executive Officer. He has spent a considerable amount of time with the Fortress Investment Group. From April 1998 up to July 2003, he also served as the Chief Executive Officer of the firm. The great entrepreneur is also the co-owner of Milwaukee Bucks Inc.

Other Work Experiences

Wes Edens has worked with many notable companies across the United States. He once served as the Chief Executive Officer with the Newcastle Investment Holdings LLC, a position he served for five years that is from June 2002 to July 2007. He also worked with Eurocastle Investment Limited as the Chief Executive Officer. From October 2002 to April 2006, he was the Chief Executive Officer of Global Signal Inc and later as the president of the organization in 2005. Other notable companies that have utilized the services of Wes Edens include Capstead Mortgage Group from April 2000 up to July 2003, Impac Commercial Holdings as the Chief Executive Officer, Union Bank of Switzerland as the Managing Director and Mapeley Limited as the Director. He was also the Chairman and Director of at Drive Shack INC, Chairman of Florida East Coast Holdings Corporation, and as the Chairman of Gatehouse Media INC. Generally, he has worked with many companies in various leadership positions across the country.

The 57-year old entrepreneur attended Oregon University where he received a bachelors’ degree in Finance and Business Administration in 1984. He has been the main force behind the numerous success that has been achieved in Fortress Investment Group. With his, a number of years experience in both the public, private and business sector, Edens has achieved a commendable success. He has propelled many companies that he has worked with them to the best. His rich career in the financial industry is the driving force behind his great management skills.Many people who have worked with Wes Edens in the Fortress Investment Corporation have always commented on the good personality traits of their boss. Positive criticism hare often emerged among the workforce in the Fortress Investment on the good working environment and the revolution brought forth by Edens. As a result, of his great contribution to many companies across the country, Wes Edens has received great awards and publications. According to the Forbes Magazine, he was ranked as number 962 in the list of the world’s richest people. In the American society, he was in position 400 of the Wealthiest Americans.