Tag Archives: private equity division

Wes Edens continues to celebrate BrightLine’s achievements

The Transport and Infrastructure division at Fortress has been one of the most active in recent years. This was clear to all observers when Wes Edens the current CEO of the private equity division launched the new Miami-Fort Lauderdale route for Brightline. The private passenger railroad operator was increasing its presence in the area having established other similar routes earlier. This means that the commute is reduced to a 35-minute rider in trains that offer free WIFI, leather seats, charging ports and wide Isles. This for Wes Edens was another dream come true for the group. They had envisioned this for a long time, and their investment was paying off. Wes Edens speaks passionately about investments in the transport and infrastructure area. He is fully aware of the potential competition, but is also confident that the company has put in place some of the best infrastructures to support any investment they make. Brightline found an American company to make the passenger trains. This would guarantee that the quality of the trains would be excellent and at the same time would not compromise on comfort and speed. The train will move at more than 90 miles an hour which is fast enough for a distance considered too short to fly yet too long to drive. All this will cost only 10 dollars considered a steal given the comparable cost of an Uber over the same distance not even considering the extra hour that would be spent on the road at peak hours.

Wes Edens was one of the founding members of the Fortress Investment Company and has been with the group since then. The group will be hitting twenty this year as a private company following its acquisition by SoftBank. This, however, is something Edens considers a positive development as they are now able to make more decisions independently without the need to consult shareholders. The acquisition also comes with extra cash for investment and its one of the reasons which make Wes Edens see the deal as a win-win situation for Fortress and SoftBank. He, however, remains in the management team even after the acquisition.