A company known as Fortress Investment group, which was launched in 1988, is a private equity firm. This firm is now a global investment management firm that manages well over forty three billion dollars in assets. Fortress also has more that seventeen hundred investors in hedge funds, permanent capital vehicles, and private equity. This firm was the first large private firm to go public on the NYSE (New York Stock Exchange). Fortress also has over nine hundred employees.
One of the founders of Fortress Investment Group brought extensive financial experience from careers they had at companies such as BlackRock Financial Management, Golden Sachs, UBS, and Lehman Brothers. The goal of the founders for this company as to create a unique type of Investment Company that would raise private equity in order to invest it into the cutting edge vehicles on the market. The assets of Fortress grew from four hundred million to three point nine billion very quickly. By 2007, the company had assets over thirty to billion.
Fortress Investment Group has areas they specialize in which include:
- Knowledge of institutions and companies related that are sector specific
- Corporate mergers
- Operations management
- Asset based investing
- Capital markets
One of the founders of Fortress Investment Group is Wes Edens, who is currently the principal. Since 2014. Wes Edens in conjunction with Marc Lasry, bought the Milwaukee Bucks Edens is the owner of a League of Legends team known as FlyQuest. The main specialization he has at Fortress is mainly in the division of Private Equity.
The approach Wes Edens takes on investments is that of having a high tolerance in the area of complexity in order to receive substantial returns from instruments in disfavor or under distress with capital markets. He essentially vies fluctuating or difficult situations in investments as an opportunity to leverage scarce funding for businesses. Wes Edens is always willing to take on complicated situations, which was one of the primary foundations of Fortress.
Wes Edens was a partner at BlackRock and LehmanBrothers before he became a part of Fortress Investment Group. His education includes attending Oregon State University and earning a degree in Finance and Business Management.