Distressed and undervalued assets this is an area that Wes Edens has become very good at investing. His ability to spot opportunities within this sector had him referred to as the new king of subprime in 2011. This followed his bold step to lead the Fortress Investment Group in the acquisition of AIG. At the time the company’s value had suffered a massive blow following the 2008 crisis and was on a continuous decline. Wes Edens saw an opportunity, and through the groups, Credit Private Equity wing acquired the same for 124 million dollars. He would lead its revival efforts, and by 015 he had been able to turn its fortunes around. The company is today known as SpringLeaf Financial a company managing an estimated 14 billion dollars. This saw him transform a company that had quite the limited current cash flows into one that is now considered a long-term flow generator. The group now invests in a number of areas that range from tangible & intangible assets spread in real estate, natural resources, capital assets, and intellectual property.
Wes Edens is not only interested in such investments as shown by his numerous investments in sports. He and his partner Nassef Sawiris invested an undisclosed amount to acquire a 55 percent stake at Aston Villa. This is a football club that currently plays in the Championship in England. The club has been in existence for over 100 years, but was recently faced by some challenges. They had been able to partly recover from the same and were, in fact about to make a comeback into the English Premier League had they not lost their final match in May. This, however, would not dissuade Wes Edens from making an investment. He understood the dynamics of the beautiful game and in so doing knew that if capital were injected into the club, they would give the management a chance to focus on what really mattered and sooner rather than later the club would be back to the EPL. Wes Edens is also a co-owner of the Milwaukee Bucks where he and his partner own a majority share.