Wes Edens is the co-founder of Fortress Investment. He serves as the company’s Chief Investment Officer investing in transportation, infrastructure, real estate, healthcare, financial services, and media. He is also the president of private equity, private and principle Chief Investment Officer, head of private equity, co-chairman, and Co-Chief Executive Officer. Wes Edens co-founded Fortress Investment in 1998. He had served as a partner at BlackRock Financial Management. He was also the managing director of the company. Even before that he was a partner and managing director at Lehman Brothers. He helped Fortress to buy Springfield financial Services. By 2015 the company had a value of $3.5 billion in assets. Fortress also bought Centex Home Equity.
The company later changed its name to Nationstar Mortgage where Wes Edens serves as the chairman. He started at Oregon State University where he graduated with a degree in business administration and finance. Fortress Investment has been a trendsetter since the time it was formed. This has been shown by its Initial Public Offering (IPO) in 2007. At this time it was the first private equity firm to go public on the New York Stock Exchange. The company directs over $43 billion in assets for hedge funds, permanent capital vehicles, and private equity. The company has its headquarters in New York where it employs over 900 employees. Currently, the company has three principals who are, Wes Edens (current principal), Rob Kauffman (who is retired) and Randal Nardone (current principal). Together the co-founders have put in a lot of time and experience into the success of the company.
The core areas of expertise that Fortress Investment Group specializes in include:
- Asset-based investing
- Operations management
- Corporate mergers and acquisitions
- Capital markets
- Sector-specific knowledge of companies and institutions
Its asset investments through credit funds and private equity are made of financial vehicles, capital, and real estate. The company has a lot of expertise in managing financial and physical assets, financing, owning, and pricing. Fortress has created tools that have enabled it to excel in evaluating strategic, structural and operational facts. The company has more expertise than any than any other in acquisition and mergers.