Randal Nardone is the co-founder, principal and chief executive officer Fortress Investment Group. The Fortress boss has built a big name for himself in the finance industry. The alternative asset manager is not the only successful firm he has established. He has been instrumental in helping companies grow, having worked in a bunch of companies. He is the President as well as Chairman of Fortress Credit Corporation, President of Ncs 1 Llc, President as well as Chairman of Springleaf Financial Holdings, Vice President as well as secretary of Newcastle Investment Holdings LLC, Director of Fortress Credit Corporation, Co-Founder of Fortress Investment Fund IV, LP and others.
When he co-founded Fortress Investment Group in 1998, the firm operated as an equity with an initial capital of $400 million. He combined efforts with other leadership members to accelerate the firm’s growth and in just 10 years, the company went public. Currently, Fortress Investment Group manages over $43 billion worth of assets on behalf of over 1700 investors across the world. He was appointed to the board of directors of Fortress in 2006.
Randal Nardone was featured in Forbes’s list of billionaires in 2017. That is a testament of what he has achieved so far. Prior to joining Fortress Investment Group, he served as a managing director at UBS, a Swiss banking company. He also served as a principal at BlackRock Financial Management. In addition, he served in the executive committee of Thacher Proffitt & Wood.
The renowned leader hails from New York and he acquired his BA and JD undergraduate degrees from University of Connecticut and Boston University School of Law respectively.
He occupies various leadership positions in a number of subsidiaries of Fortress Investment Group including FMA LLC, Eurocastle Investment, FIF LC, Impac Commercial Holdings, Newcastle Investment Holdings, Florida East Coast Railway, Springleaf REIT, Seacastle and FM Falstaff Advisors.
Randal Nardone has been instrumental in making the firm the largest alternative asset manager worldwide. Recently, Fortress was acquired by SoftBank, a Japanese Multinational. The Japanese company bought Fortress for $3.3 billion. In a statement, Randal Nardone alongside the other principals, said that the firm has come a long way having gone public just ten years after its conception. Through a communication to employees, the principals said that they were embarking on a journey in a new direction and embrace the opportunities of a worldwide market.
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