WES EDENS STARTED HIS CAREER IN FINANCE AND BUSINESS IN THE YEAR 1987 AT LEHMAN BROTHERS

Wes Edens, a well-known American entrepreneur, sports team owner, and private equity investor founded Fortress Investments in 1998 today is also the company’s Chairman. He was one of the five business partners who founded the company that year. The company was sold recently for about $3.3 billion. Edens is a co-owner of the NBA (the National Basketball Association) franchise based in Milwaukee, Wisconsin, called “the Milwaukee Bucks.” Wes also is the owner of the League of Legends team FlyQuest. His ownership of these sports teams and franchises comes from his passion since a young age for American sports and sports teams. Wes Edens received his education from Oregon State University in the year 1984, a double major Bachelor’s of Science degree in Business Administration and Finance.

Wes Edens started his career in finance and business in the year 1987 at Lehman Brothers, where he quickly rose to become a managing director, as well as partner. He worked at the Lehman Brothers until the year 1993. He has other finance and investment firm experience, another being at the company, the BlackRock’s private equity division, in which he worked as a BlackRock Asset Investor. The company, as described on their website, www.fortress.com, “is a leading, highly diversified global investment manager with approximately $43.6 billion of assets under its management as of December 31, 2017.” In addition, the company “manages assets on behalf of over 1,750 institutional clients and private investors worldwide.” Many of these assets and funds being managed by Fortress Investment Group ranges from real estate to credit, as well as “private equity and permanent capital investment strategies.” Fortress Investment Group boasts employing people all throughout the world, in addition to the United States, cities such as: Frankfurt, London, Rome, Hong Kong, Tokyo, and Shanghai. US cities in which people are employed include: New Canaan, New York City, Philadelphia, Atlanta, Dallas, Los Angeles and San Francisco.

Wes Edens also made the Forbes Billionaires List in March of 2018, about 10 years ago, which is a big achievement for him. He didn’t exactly plan on joining the list, but through his hard work and determination, he was on it, he finally made it there! After all, his fortune is self-made, meaning working hard and being determined are qualities he must have had to possess to have made it here! According to Forbes.com, his net worth was about $1.2 billion at that time.

SOUTH RIDGE, THE BRIDGE OF COMPANIES TO CALM SHORES

Southridge Capital LLC was founded by Mr. Stephen Hicks. Necessity is the mother of invention and the South ridge conception in 1996 is one that came through for the good of companies which in order to gain to their best performance, require outside equity capital. The equity firm, Southridge, has made direct investment of approximately 1.8 billion to over 250 companies globally in the past two decades.

Southridge Capital has a unique understanding of concerns facing growing companies. It specializes in private placement transaction with small public companies (PIPES) that require additional financing to implement their business strategies for their bloom. Under securitization structured finance, companies that often do not avail themselves in of all current opportunities when in need of capital, Southridge offers creative solutions that include monetization of a company’s existing asset base. Specific approaches include loans against capital assets or insider shares.

Southridge enhances credit worthiness of companies by working with their creditors to eliminate debt in favor of common stock. This structure is of great benefit to the client company since its implementation does not require registration statement, and is based on the existing level of liquidity in the company’s stock.

Southridge offers financial solutions by providing resolutions based on the current circumstances of the company. The services offered include Equity Purchase Agreement (EPA) that allow the companies to raise capital solely at their behest at any point of time irrespective of market conditions. Companies that have seen the benefits of (EPA) are Western Graphite Inc. of $5million worth EPA and Nutranomics Inc. of $10 million worth EPA.

Advisory services that are of great importance to a growing company offered by Southridge include financial analysis that help estimate cash needs and determine the company’s enterprise value, advise on mergers and acquisitions through its many contacts, legal settlement and balance sheet optimization. In tough times of a company, Southridge still holds the company’s hand by advising bankruptcy filing in of need be and help negotiate terms with creditors on a structure to help the company emerge from bankruptcy.

The Daystar Foundation is a charitable organization that Southridge embraces its social responsibility. Southridge efficacy affects people’s lives positively and many companies’ life’s growth.

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