Wesley Robert Edens, known as Wes Edens, is a businessman, investor, and professional sports owner based in the United States. While he is well known in the business world, he is perhaps most famous for being a partial owner of the Milwaukee Bucks NBA team. His interests also lie in e-sports- he outright owns the popular League of Legends team, Flyquest.Mr. Edens started his career at the famed investment bank, Lehman Brothers. At Lehman, he was a managing director/partner until 1993. After his tenure at Lehman Brothers, he joined the private equity division at Blackrock Asset Investors. Wes stayed there for another 4 years and became a partner and managing director until his departure in 1997.After leaving Blackrock, Wes Edens joined with four other principal partners to form Fortress Investment Group. This company was founded in 1998, shortly after his departure from Blackrock.
Their investment goals were to make “contrarian bets, creative financing, and a knack for building business from investments.” as was written in the Wall Street Journal in 1998.Fortress Investment Group grew to become one of the major players in the investment market and became the first publicly traded buyout firm in history. Their initial public offering was in February of 2007 and it was a smashing success, with an 8% share of the company sold to the general public for a total of 600 million in funds raised.Their success continued and by the mid 2000s the company’s managed assets included private equity funds, real estate vehicles, hedge funds, and many other widely diversified investment pathways.
The company grew so large that Wes Edens and all of his partners became billionaires in 2006. They saw a decline during the housing market crisis but managed to create a surprising rebound by getting involved in subprime lending later in the game.Fortress and Wes Edens announced the founding of a gaming/esports team named Flyleaf, in 2017. This team is primarily a league of legends based team and currently competes in the North American LCS or Legends Championship Series. Wes Edens is also one of the majority owners of the Milwaukee Bucks NBA team. Wes and a partner, Herb Kohl, purchased the team in 2014. They paid more than 500 million dollars and made a promise to the local community that they would keep the team local- they have up until this day kept that promise.