The growth of Fortress Investment Group LLC would be probably unimaginable and unrealized without the involvement of its principal and co-chairman Wes Edens. In an article from Business Wire, such relevance of Wes Edens in the growth, prosperity and expansion of Fortress since it was founded is being affirmed to be evident, too. It also adds the official statement of what Wes Edens thought of the recent acquisition decision of OneMain Financial by Springleaf. Wes Edens shared that being a shareholder of Springleaf, he believes that the recent transaction is a bold and compelling decision both financially and strategy-wise.
Such decision would combine the strengths of the two companies and bring forth the best set of products and services for their clients. With similar cultures and management teams that see things in a way that balances unique perspective and unity, this new decision would then be an exciting opportunity for growth. The article also added that Fortress has about 73 million shares already of Springleaf after Fortress purchased 80% stake for American General Finance, that reached to about $125 million. Edens also shared that the collaboration would create a premium consumer-centered company that would serve about 2.5 million customers.
About Wes Edens
Edens’ career in Fortress starts as being its co-chairman, co-founder and principal when the company was founded in 1998. Also, with Edens’ role in the company, Fortress is able to build a reputation of being a diversified global investment company with about $67.5 billion of assets under its management. Before his work at Fortress, he went to the Oregon State University in 1984 to get a B.S. degree. It is also in the public executive profile of Edens that he’s the co-owner of the Milwaukee Bucks, which is an NBA-licensed franchise from Milwaukee, Wisconsin. The growth of the League of Legends game team FlyQuest is also possible because of Edens’ ownership role. There’s also a number of advisory boards today where Edens plays a solid role. Some of them include Springleaf Holdings where he’s a board member in 2010. He’s also the Chairman of Nationstar Mortgage Holdings, as well as the Chairman of the Board for New Senior Investment Group.