One company alone holds the title in the United States of America as being the first publicly traded private equity company. This company is known as Fortress Investment Group, and it held its initial public offering in 2007 during the month of February. It was able to attain its position of prominence in the American economy through the expert leadership of its five principal founders. One man among them has served as the Corporation’s chairman for the last several years and is responsible for a significant portion of the company’s growth. This man is known as Wes Edens. Wes Edens is perhaps one of the most interesting businessmen in all of America as well as an owner of a national basketball Association sports team.
Earlier this year Wes Edens managed to position the company in a corporate acquisition by technology giant in Japan soft drink group Corporation. During this corporate merger, Wes Edens was able to increase the value of Fortress Investment Group by over $140 million when he was able to negotiate a deal in which soft pink group purchased Fortress Investment Group at $2.25 greater than the closing price of the company’s stock value at the time of the deal. This marked a significant increase in the company’s valuation and was approved by shareholders on July 12, 2017.
Wes Edens is one of the primary reasons that the corporation was able to grow from the simple private equity company that it was founded as, into the global leader of alternative asset management it is today. He has drawn admiration for his investment style from members of the economic elite all over the country being described as a man who has a knack for creative financing and betting against the system that allows him to build up businesses through his investments. He became the chairman of the first publicly traded private equity investment company in the year of 2007 when the company held its first initial public offering where it sold 8% of the company to the public for $600 million by 2009. Wes Edens became a billionaire whenever the company was purchased by financial holding company in Japan Nomura Holdings for $888 million at the end of 2006. Wes Edens also has helped to own and manage a videogame sports team known as eSports and currently has a team that competes in the North American league of legends championship series.