Wes Edens: The Man Of The Moment

spcblog, 13 May 2018, No comments
Categories: Investing, Investment Bank
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Mr. Wes Edens is a Chief Executive at Fortress – an organization he co-founded with Randal Nardone and Robert Kauffman in May 1998. The American businessman who currently owns the League of Legends team FlyQuest is also a co-owner of an NBA franchise based in Milwaukee, Wisconsin – Milwaukee Bucks.As a private equity investor, Mr. Wes Edens has been the principal and Co-Chairman of the Board of Directors of an affiliate of FIG LLC known as Fortress Investment Group LLC. Basically, his main role is to supervise the business investments of the company. Before now, Mr. Edens had served as the M.D. of the UBS affiliate after joining the company in 1997. He also worked with Lehman Brothers where he served as a partner and a managing director. He headed a private equity fund known as BlackRock Asset Investors while serving as a partner and managing director of the company – BlackRock Financial Management.Prior to founding Fortress Investment Group LLC, Mr. Wes Edens was opportune to serve on the boards of several publicly traded companies and registered investment companies including:

– Whistler Blackcomb Holdings Inc.

– Eurocastle Investment Limited

– Rail America Inc.

– Aircastle Limited

– GateHouse Media Inc.

– Penn National Gaming Inc.

– GAGFAH S.A.

– Brookdale Senior Living Inc.

Currently, Mr. Wes Edens is serving as a director of Gaming and Leisure Properties Inc. He is also the Chairman of the Board of Directors of OneMain Holdings Inc., Intrawest Resorts Holdings, Inc., Fortress Transportation and Infrastructure Investors LLC, Nationstar Mortgage Holdings Inc., Mapeley Limited, New Media Investment Group Inc., and New Residential Investment Corp.Since helping to establish Fortress in 1998, Wesley Robert Edens has remained a principal and a serving member of the Management Committee of the company. Today, the alternative asset manager is widely recognized as a billionaire with public offering of the company’s investment group.

Apart from financial investment, it is also interesting to know that Wes is a devoted basketball fan who co-owns a professional basketball team, Milwaukee Bucks. He also has a keen interest in outdoors mountain climbing.As part of his hobby, Mr. Wes has expressed his desire of climbing the world’s tallest mountain, Mount Everest. He owns some Ice axes that were signed by famous mountain climbers such as Reinhold Messner and Sir Edmund Hillary. Just so you know, Wes has climbed Pingora Peak and Grand Teton in Wyoming, as well as Matterhorn in Switzerland.

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