The Rise of Wes Edens


Background

Over the length of his career Wes Edens has made a name for himself as a private equity and hedge fund investor in New York. After obtaining his bachelor’s degree in finance from Oregon State University, Wes Edens began to work for BlackRock Asset Investors. He currently serves on the Board of Directors of Fortress Investment Group LLC, a company which he founded in 1998. Since its introduction, Fortress Investment Group LLC has garnered a $72 billion valuation while developing a global presence. In January 2018, Fortress Investment Group was purchased by SoftBank Group Corporation. Though his company sold, Edens has decided to remain with the company for an additional five years. During these years he plans to lead the company, alongside two other company executives, while investing in various other projects.

Wes Edens also serves as the co-owner of the Milwaukee Bucks basketball team, which he purchased with Marc Lasry in 2014. Edens’s strong passion for sports and vast investment knowledge have led him to making numerous investments in sports businesses. These businesses are all supplemental to Edens’s extensive investment portfolio.

Brightline

Brightline is America’s only privately-owned train system. Currently only offering its services to Florida residents, Brightline offers its passengers quick travel times between multiple cities in the South Florida region. Wes Edens would like to develop an expansion plan that would allow for Brightline to offer its speedy services to areas outside of Florida, areas such as Houston and Atlanta. Owned by Fortress Investment Group, Brightline is planning on adding an additional train stop in Miami, Florida within the coming years. After purchasing a Las Vegas train system named XpressWest, Brightline is also working on building a train network that can connect multiple stops between Nevada and California. Though cost estimates for the Las Vegas to California project haven’t been released, the project is set to begin development in 2019 with an expected service date in 2022. Brightline is also developing additional train networks in Florida following the reception of a $1.75 billion tax-exempt bond for its parent company, All Aboard Florida.

https://www.crunchbase.com/person/wes-edens