Fortress Investment Group Intends to Continue Expansion

In 2007, Fortress Investment Group became the largest private equity firm to present an initial public offering on the New York Stock Exchange, and since its founding in 1998, this type of trendsetting has become common practice within the company. Since its founding, Fortress Investment Group has evolved from its original roots which were, primarily, private equity, into a diversified global investment management firm that currently employs upwards of 900 people, while directing over $40 billion in assets. When the firm was initially created, the principals included Randal Nardone, Wes Edens, and Rob Kaufman (who has since retired), but has now added Peter Briger, who operates the Fortress Credit division. In founding the company, the principals, who each had financial backgrounds from reputable financial institutions, hoped to create a model for investment firms; one which utilized an “alternative-asset” strategy.

Fortress Investment Group currently specializes in core elements such as corporate mergers and acquisitions, capital markets, operations management, and asset-based living, which are handled under their Private Equity, Credit, and Permanent Capital Vehicles sectors. Wes Edens is an original principal of Fortress Investment Group, currently heading the Private Equity Division, but he is also very active in a number of other areas, including the sports world, as he purchased the Milwaukee Bucks for $550 million in 2014. He is also the head of Brightline, which is a passenger rail system that is privately owned – the only one of its kind.

Wes Edens’ Brightline, which has been servicing the Miami area since May of this year, is currently breaking new ground by offering an alternative commuting option for those traveling between Miami and Fort Lauderdale. This popular commute, which should generally take no more than half an hour, can often balloon to twice that amount of time during rush hour, but in utilizing Brightline, the ride can generally be capped at 35 minutes. With the early success of Brightline, Wes Edens and Fortress Investment Group, hope to implement this service in more major cities around the United States in the upcoming years.

Southridge Capital and How Its CEO Has Grown It To Its Success Since 1996

It is important for any high-caliber and high-income finance firm to always be in the lead. The power and leverage of a certain company in the industry would only depend on the company’s reputation to bring other companies with them to success. This is because when companies offer potential for profit, more success comes to those companies. This ability to help others increase and protect their assets is what’s driving the success of Southridge Capital LLC today.

 

 

As a financial solutions company based in Connecticut, Southridge Capital LLC has already built the honor and integrity of bringing out the best of their clients in terms of financial strategies. One of the fascinating, insightful and verified articles that contain all the essential information people might need about Southridge Capital is found in the Release Fact news portal. In one of the articles there, it declared that Southridge Capital is already high-quality, hotshot and honourable enough to be considered a major player in the game of financial services.

 

 

Readers of the article would also learn that Southridge Capital has the financial solutions that cover all bases. Whether a client needs financial analysis or a highly detailed business plan that’s safe to scale, the firm has strong ideas on how to address such problems. The Balance Sheet Optimization plan that Southridge has prepared for clients has also been an incomparable achievement of the company that not many companies can replicate. It addresses the needs of the clients at the same time doesn’t forget the clients’ desire to lower the marginal costs of engaging with the strategy.

 

 

Release Fact also restated the fact that the structured solutions of Southridge for clients’ needs in securitization, financial solutions and credit management have also been impressive. Southridge has already collaborated with many a number of companies already and have succeeded in the aim of eliminating their debt. For more details visit Bloomberg.

 

 

It might also be added here that Southridge Capital Founder and CEO Stephen M. Hicks founded the company in 1996. Since then, he has grown it to become one of the most relevant players in the financial services for over 30 years already. You can follow their Twitter page.

 

 

 

Read more: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=701946

 

WES EDENS-THE AMERICAN BASED BILLIONAIRE.

Wes Edens is a businessman, a team owner and an investor in private equity. He co-founded Fortress Investment group alongside Peter Briger, Michael Edward, Robert Kauffman and Randal Nardone. He owns Milwaukee Bucks, a nationally recognized basketball team, based in Wisconsin alongside Marc Lasry. He is also the owner of FlyQuests which is the legends league.He was born in New York on 30th October 1961 and has an American Citizenship.Wes holds a bachelors of science in finance and a degree in business administration from the University of Oregon State. Wes Edens started his career at Lehman Brothers in 1987 as the manager and also a partner. He, however, left the company in 1993 and joined a private equity company called BlackRock where he served as the managing director and partner until 1997. In 1998, he joined hands with his other four principals to establish Fortress Investment Group.

Wes investment techniques were described as creative and a knack for establishing businesses through investments by The Wall Street Journal. He was the man behind the purchase of Subprime Lender Springleaf Company by the fortress company. Wes Edens then helped Springleaf increase its value to three billion and five million dollars by 2015 which was equivalent to more than twenty-seven times the initial investment of one hundred and twenty-seven US dollars by fortress Investment Company in 2010. On August 2010, Fortress was now able to acquire eighty percent for one hundred and twenty-five US dollars of Springleaf. Fortress investment group was however acquired by Softbank at three billion and three hundred million dollars by the soft bank which was equivalent to eight dollars per share. The principals of fortress Investment Company were retained to continue working for the company even after the acquisition.

Wes was positive that the acquisition was a necessary step and that the two merged companies would work together to continue offering quality services to the customers and earn the investors a good fortune. Wes Edens was ranked position three hundred and ninety-seven on the Forbes with a net worth of close to two billion and five hundred million US dollars. Wes purchased his team for five hundred and fifty US dollars from Kerb Kohl and promised to maintain the team in Wisconsin alongside replacing the BMO Bradley Center. He has a wife and four children. His hobbies are mountain climbing and horse jumping. He is well-known for his passion, hard work and commitment when undertaking his duties alongside being a great father to his children and a great husband to his wife.

Manager And Business Leader-Michael Burwell

Roger Millay was the former Chief Financial Officer of Global Advisory insurance and reinsurance brokerage specialist Willis Towers Watson, during his retirement he was replaced by Michael Burwell in October 2017. Mike has a vast experience of more than 31 years. He began his career at PwC. While working at PwC he held several positions from being the Head of Transaction Services in the United States, Chief Operating Officer, Chief Financial Officer, as well as Head of Global Transformation in the United States of America. Mr. Burwell has experience in the financial industry and he has also experience in both audit, and transaction services advisory which runs for over 12 years.

 

John Haley is the Chief Executive Officer of Willis Towers Watson and in a statement, he released after the appointment of Mr. Burwell, he said he was thrilled with Michael’s appointed and that he has joined the organization at such an important time when the firm is experiencing change. Willis Towers Watson is lucky to hire Mike as he brings his skills in management, leadership as well as a strong focus on customers. John further said that their trust that Michael’s financial skills will help the organization’s long-term plans. Mr. Haley did not forget to than the former Chief Financial Officer for his contribution to the group. Mr. Burwell was also glad and thankful that he was given an opportunity to work with Willis Towers Watson and that he is looking forward to contributing to the organization’s endeavors. Get Related Information Here.

 

Michael Burwell is the current Chief Financial Officer at Willis Towers Watson. Prior to joining the firm, he served at PricewaterhouseCoopers LLP. At PwC Mike served at the insurance advisory department. He is a go-getter and while still working at PwC he climbed the career ladder and was appointed a partner at the group, and he had to move into PwC Detroit transaction business. Michael Burwell portrayed a positive leadership skill and in 2009 he was the Chief Financial Officer and the Chief Operating Officer of the firm.

 

After his High School graduation, Mike joined Michigan State University and he graduated with Bachelors’ Degree in Business Administration, and he is also a certified public accountant. Michael Burwell has also been recognized as the Michigan State University Alumnus of the year. Mike does not make decisions on his own instead he relies on other people in his organization to come up with a good business idea.

 

 

Visit: https://ideamensch.com/mike-burwell/