The Role Of Randal Nardone At Fortress Investment Group
Randal Nardone is a principal, director and co-founder of Fortress Investment Group, which is an alternative investment firm, considered a trend setter in the financial industry. Randal Nardone has been with the firm ever since the beginning in 1998, helping establishing it alongside Wes Edens, who is a current principal, and Rob Kauffman, who retired back in 2012.
He studied at Boston University School of Law, earning his J.D., and at the University of Connecticut, receiving a B.A. degree. He majored in both Biology and English while studying at the University of Connecticut. Randal Nardone is a member of the Management Committee, being part of the committee ever since the firm’s inception, and was appointed to the board of directors back in November of 2006. In addition, he is the company’s Chief Executive Officer since the year 2013, after serving as an interim Chief Executive Officer for more than a year.
Randal Nardone holds a number of significant roles in different subsidiaries of Fortress’, such as a leadership position at FMA LLC, Eurocastle Investment, FM Falstaff Advisors, Impac Commercial Holdings, Newcastle Investment Holdings, Seacastle, Florida East Coast Railway, and Springleaf REIT. In addition, he was mentioned by Forbes Magazine in the publication’s World Billionaires List back in 2007.
Before taking part in Fortress Investment Group’s foundation, Randal Nardone was working for UBS as a managing director, and at BlackRock Financial Management as a principal. Early in his career he was serving as a partner at the law firm Thacher Proffitt & Wood.
About Fortress Investment Group:
The New York-based firm is the first large private investment firm to go public, back in 2007, and is also the first of its kind to switch back to being private, a decade later after being acquired by SoftBank group. The deal happened for the price of $3.3 billion, but despite the amount of money paid by SoftBank, they opted for a hands-off approach due to a number of hurdles. Despite the fact that Fortress Investment Group continues to operate independently, the purchase points to the SoftBank’s plan to expand a become a global entity.
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