Fortress Investment Group Founder And CEO Wes Edens Established

Founded on January 1, 1998, Fortress Investment Group is an asset management corporation. The firm deals with the management of alternative assets in private equity (PE), credit funds and liquid hedge funds. This financial services company was founded by Wes Edens, Randall Nardone, and Peter Briger. The company employs 900 skilled laborers. It has its headquarters in Greater New York Area.

According to a report on Daily Forex Exchange, Fortress Investment Group partnered in with iPass for $20 million. iPass is a leading provider of worldwide connectivity options. Gary Griffiths, President and CEO iPass appreciated the funding saying that it would help the company grow in revenue while closing the gap in productivity. The deal was brokered by Riley Financial Inc. where iPass secured the loan with all its substantial assets. This included its patent portfolio and SmartConnect technology. iPass is a global provider of Wi-Fi networks with more than 64 million hotspots globally. The firm expects to grow the number of its hotspots to 340 million by the end of 2018.

Fortress Investment Group was considered to be a trendsetter in 2007 when it gave its initial public offering (IPO). It was the first big private equity corporate to go public on the New York Stock Exchange (NYSE). Currently, the firm has assets of over $43 billion. It also has over 1,750 financiers in permanent capital vehicles, hedge funds, and private equity. The company’s more than two decades of operations and experiences has earned its staff a lot of expertise in the management of Mergers & Acquisitions (M&A). In 2017, Softbank Group Corporation bought the firm at a price of $3.3 billion. It was the first to be purchased.

In June last year, Fortress Investment Group founder and CEO Wes Edens established a private train. It was known as the Brighline. It aimed at providing an alternative, fast and reliable transport access from Miami to Fort Lauderdale. Commuters face frustrations when traffic problems arise, doubling the time taken to reach destinations. By May 19 this year, the train had begun its operations in Miami and other neighboring areas. Other advantages include complimentary Wi-Fi, USB ports, power outlets, lounges and food services. Travelers get to enjoy the comfort of leather seats. Edens is a graduate of Oregon State University.

Get to Know GreenSky CEO David Zalik

GreenSky credit is a unique enterprise, and that’s due in large part to founder and CEO David Zalik. Many entrepreneurs are called brilliant, but Zalik actually is. For example, he skipped high school to go directly to Auburn University at age 14. Once he was there, it wasn’t long before he dropped out to focus on the business he’d founded. David Zalik was still just a teen.

Zalik sold that company before long and founded two more. By 22, he was a millionaire. Today, he’s the CEO of his fourth business, GreenSky credit. GreenSky is revolutionary in that it matches a customer and lender at the point of sale. This helps business owners overcome obstacles when it comes to closing. GreenSky is not like a credit card you apply for at a retail store. With this service, people can get approved for loans of well over $10,000.

The applications for GreenSky are numerous. Valued at over $3 billion, it’s one of the biggest financial technology companies in the world right now. GreenSky is particularly important for contractors who want to sell homeowners on renovations or additions. Rather than waiting to hear about credit approval, these small businesspeople can now finalize deals on the spot.

In GreenSky Credit, Zalik has built a very profitable business. The company collects origination fees, but doesn’t actually lend money. GreenSky also tends to deal with borrowers who have better-than-average credit scores. Generally, their borrowers want to borrow money, but don’t really need to. They tend to qualify for favorable low interest rates and have positive experiences with the company. This leads to great word-of-mouth.

The most surprising thing about GreenSky Credit and Zalik is how they seemed to emerge out of nowhere. Zalik is a very private individual, and never even gave an interview until he was over 40. He much prefers to avoid the limelight and simply do the work that needs to be done. When he was young, Zalik learned how important it was to find his passion. Today, he’s done just that.