Wes Edens is one of the three co-founders of Fortress Investment Group, the company he also co-manages. He has accomplished a lot in the finance industry and now, he is changing his investment strategies. He has developed an interest in sports and he has become an envied professional sports owner. Together with Marc Lasry, he acquired Milwaukee Bucks for $550 million, a NBA’s basketball team. Additionally, he purchased FlyQuest, a team which participates in the North American League of Legends Championship Series. His investment strategies are not only diverse, but also complex. Working in the Private Equity division of Fortress Investment Group, he is always ready to take on any complicated scenario to get substantial returns from instruments which are disfavored by capital markets or distressed. In that line of thought, he has bought significant amount of shares in the English Premier League upcoming team, Aston Villa Football club.
In this venture, he partnered with Nassef Sawiris, an Egyptian billionaire. It is reported that the duo will own 55% of the team through NSWE. The English League has approved the transaction that is reported to cost about $39 million. Wes Edens is not new in the sports world but it is his first venture in the football sector. Apart from the world of sports, Wes Edens has also ventured into the transport sector. Through Fortress Investment Group, Wes Edens came up with the idea of starting a train service between Miami and Lauderdale. Brightline, owned by Wes Edens and Fortress, has launched train services that will help commuters get around South Florida easily. The commuters are embracing the means of transport in a positive way and now, Miami is just 30 minutes away from Lauderdale. The Brightline boss plans to extend Brightline’s services to other cities such as Houston and Dallas.
Additionally, West Edens, Fortress Investment Group at large, plans to start a big rail station at Miami which will serve 6 city blocks. His success can be largely attributed to his education background and a vast experience. He graduated from Oregon State University with a degree in finance. He was the head of BlackRock Asset Investor. In addition, Lehman Brothers was among the companies that he was exposed to and it contributed to his career development as he served as a senior executive member. Founding of Fortress Investment Group in 1998 was a major breakthrough by Edens and his partners. They have built the company and now, it manages over $40 billion worth of assets. Although, Fortress Investment Group was acquired by SoftBank, Edens and his partners will continue to head the company.