As a company that manages assets, Fortress Investment Group has certainly made some innovate moves. One example of this is the the organizations emphasis on alternative assets that other investment companies would typically ignore. Fortress began in 1998, and in less than a decade the firm gained control of more than $32 billion in assets. Wes Edens is an important figure at this company, and his strategy for managing private equity is to find interesting situations with distressed instruments.
During the days when Fortress Investment Group did not yet exist, Wes Edens made himself useful as a partner with both BlackRock Financial and Lehman Brothers. Wes Edens, however, is involved in many more projects than just Fortress Investment Group these days. He co-owns a popular NBA team located in Wisconsin, the Milwaukee Bucks. His interest in sports teams as profitable investments did not end there. His recent acquisition of the Aston Villa soccer club shouldn’t be a surprise to anyone who has followed his investments over the years. The team is from England, and its main goal right now is to gain entry into the famous and well-regarded Premier League.
One of his biggest accomplishments as with the Milwaukee Bucks was helping to get a brand new arena built in the city. Wes Edens wished to incorporate the feelings of the great scenery of Wisconsin into the arena’s interior. It is quite impressive to note that the teams value nearly doubled since Edens has taken charge. He and his partner purchased the team for around $550 million, and it is now valued at around a billion dollars.
A private train company known as Brightline is also a result of his efforts. Currently Brighline’s service is serving the residents of Florida quite well, and it makes transportation between various Floridian cities much simpler. Given how well the service has been received there, it would be a smart move to expand to other regions of the United States. Edens and Brightline are currently looking at other possible future locations. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club