The history of Fortress Investment Group is important to understand as it is part of the history of the American economic system. Fortress Investment Group became the first publicly traded private equity investment firm in the North American continent during the spring of 2007. Fortress Investment Group would never have achieved its prominent status in the financial sector of the United States had it not been for the efforts of its principal founding members. The company was originally founded in 19 98 x 5 individuals including Wes Edens. Wes Edens is an American businessman and private equity investor and is best known as one of the owners of the Milwaukee Bucks a member of the national basketball Association. In addition to owning the Milwaukee Bucks were based out of Milwaukee Wisconsin he also owns a prominent electronic sports team known as FlyQuest. FlyQuest is a team that plays the video game league of legends.
Wes Edens originally began his career by pursuing formal education at Oregon State University. He graduated from Oregon State University in 1984 with degrees in finance and business administration. After receiving his degrees, he went on to begin his career in the financial sector by working for Lehman Brothers investment firm. During his time at the Lehman Brothers investment firm, he served as both a partner and managing director from the years 1987 through 1993. After six years of working for the Lehman Brothers Corporation, he went on to work for Blackrock as investors. It was here that he honed his skills and worked for an additional four years as a partner in managing director for the investment firm. In 1998 he decided that he have learned enough working for other people and that it was time for him to launch his own company.
It was then that Wes Edens along with the help of four other individuals launched Fortress Investment Group.During the company’s initial years it experienced significant growth. It was able to increase its asset holdings by 39.7% in the span of under a decade. The investment style that Wes Edens displayed has been commended by numerous publications throughout history. It has helped to spur the development of businesses through his successful investment strategies. Fortress Investment Group became the first publicly traded private equity investment firm in North America on February 9, 2007, when it held its initial public offering. This marked a significant moment in North American economic history.