Longtime observers of the private equity sector are probably well aware of Wes Edens by now. As an Oregon State graduate and a former member of the Lehman Brothers (as well as the BlackRock Asset Investors group), he has accrued a great deal of experience over the years. These experiences have provided him with the springboard necessary to achieve bigger and better things. If there is one common denominator that has held true over the course of his career, it is his ability to know where the market is headed before anyone else.After working with Lehman Brothers and the BlackRock Asset Investors Group, he co-founded the Fortress Investment Group and developed a well earned reputation as a contrarian gambler who was willing to make decisions that were not universally approved.These contrarian bets would soon position the company to become one of the most important asset managers in the world.
By the time Wes Edens stepped away from the company to pursue his next objective, Fortress Investment Group was managing tens of billions in assets worldwide.Wes Edens was able to use these past experiences as a training ground for what would come next. When Herb Kohl decided that it was time for him to sell the NBA’s Milwaukee Bucks, Edens and ownership partner Marc Lasry submitted the winning bid. The team was purchased for $550 million and within a couple of years, Edens and Lasry had increased its value to over $1 billion.He was not content to rest on these laurels, though. Edens is now looking to make a name for himself in the e-sports world and has already made major inroads in this regard.
After purchasing his own League of Legends team, Wes Edens was nowhere near close to satisfied.It was not enough to own a team, He decided to create an entire league and FlyQuest is already blazing a trail for other would be e-sports mavens to follow. In addition to establishing these ventures, he has also made sure that the Bucks are well positioned to take advantage of the console gaming boom that is bringing more and more young fans to the NBA.Now that the NBA is establishing a league for professional NBA 2K players, the Bucks at the forefront of this movement…thanks to Wes Edens. They are one of 16 teams who has already established their own NBA 2K franchise and if Edens’ track record is any indicator? The Bucks are ready to become the class of the league, both on the court and off.
Randal Nardone, Fortress investment firm co-founder, received his J.D from University of Boston College of Law, and his bachelor’s degree in arts Biology and English major from Connecticut University. He together with Wesley R. Edens founded the Fortress investment in the year 1998.He was appointed as its CEO in the year 2013 August and also serves as the Chief Operating Officer Director and Principal of the firm since the year 1999 November. Besides serving in fortress firm, he also serves in the Ncs LLC as the president, Springleaf financial LLC as the chairman and president from the year 2010, secretary and vice president in the Newcastle Investment LLC and Eurocastle investment firm as the director since 2007. He is also a nonexecutive principal in the Alea Group Bermuda limited since 2008, Director at Florida East Coast Corporation since the year 2010. He also has several afflictions among them being Drive Shark, University of Boston, GAGFAH S.A, fortress fund MM II LLC among others.
Randal Nardone has many years of experience while working with several firms following his studies completion. Before co-founding fortress investment, he worked as UBS managing director from 1997 May to 1998 May. He was also the principal of the Blackrock Financial Corporation and also served as a partner in the Thatcher Profit and wood firm. He worked as secretary and COO of IMPAC holdings Inc. and also as portfolio manager of the RIC Coinvestment LP since 1999. Since the year 2002 September to 2016, he served New Castle corporation vice president. In 2004 he was appointed as the director of the Aircastle limited and SeaCube leasing limited from 2007 June to 2008 January. Before he became the president of Springleaf financial LLC, he was the firm’s director since the year 2006. He was also the Brookdale Senior corporation director from the year 2011 January to 2014 June. In 2010 he was allotted the SPA Bank director.
Fortress investment is a worldwide investment firm based in the New York and specializes in private and institutional assets management across real and credit estate, private equity strategies, and permanent investment capital. The company lately announced its acquisition by the SoftBank group, a firm based in Japan. SoftBank Group acquired Fortress group at a price of $3.3 B to work in union with the Japanese firm technology project. SoftBank further paid 8.08 % as shares to all Class A Fortress shareholders and also 39% premium to the Fortress group closing price. Randal Nardone and the other executive leaders of the Fortress group assured its clients that the firm will continue working in New York and will be operating autonomously within SoftBank. With funds he receives annual compensation in the fortress investment of a total of $13.4 M, annual compensation and dividends he acquires as a shareholder amounting to $ 42 million and other monies from the several firms he is affiliated with, Randal Nardone appeared in the Forbes Billionaires list and ranked 557. Learn More.
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