The Truth About Wes Edens, How Fortress Investment Group Became the First Public IPO in Private Equity
Oregon State University has presented a lot of alumni throughout its extent as one of the country’s most prominent universities, but possibly not as effective as Wes Edens – American private equity investor and businessman – most recognized for his achievement through the firm Fortress Investment Group.
In 1984 Wes Edens finished from the University with a degree in finance and business administration and went on to start his profession in the finance world by serving with the Lehman Brothers. At Lehman Brothers, he had the chance to work his way from just an entry-level position to one of the directing partners of the business.
Until 1993 he served as a director for managing at the Lehman Brothers and then shifted careers and began as a managing director with Black rock asset investors until 1997. This was the time that he reached out with the other four people who established the global economic powerhouse together that is proud to be called Fortress investment group today.
It was initially organized in 1998 as a private equity investment firm and was privately held for almost a decade. Throughout his service as a chairman and managing director of Fortress Investment Group, Wes Edens was appreciated for his distinct technique of investment procedures.
The approach was recognized for its capacity to build up companies through the purchases that he executed. With the master guidance that was granted by Wes Edens, Fortress Investment Group grew into the premier publicly traded private investment business across the globe when they held their opening public offering in 2007.
This was a benchmark in American business history as before this there weren’t any publicly sold private equity investment firms. Since their first public offering, the firm has gone on to be one of the leading firms in alternative asset management across the world. Technology company, Softbank Group Corporation, established in the nation of Japan bought Fortress Investment Group during 2017. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club