Know Randal Nardone, the Experienced Co-founder of Fortress Investment Group

Randal Nardone is a successful financial service professional with more than three decades of experience. The brilliant manager graduated with a bachelor’s degree in English and biology from the University of Connecticut and then with a juris doctor degree from the School of Law at Boston University. Immediately after Nardone graduated from Boston University, Thacher Proffit & Wood, a prominent law firm, hired him, and he eventually became not only a partner but also an executive committee member.

In 1997, Randal left the law firm and joined USB as a managing director. One year later, he co-founded Fortress Investment Group. Since then, he has been the group’s principal, and since 2013, he has been the chief executive officer. During Randal Nardone’s term in the company, he has also served as the principal at Fortress Credit Corporation and the chief executive officer of Fortress Investment Fund IV and also Fortress Investment Fund V. Also, he co-founded Fortress Registered Investment Trust and served as its chief operating officer and vice president. Currently, he is the trust’s chief executive officer and principal.

Over the years, Fortress Investment Group has been known for providing credit funds and also managing private-equity pools. Softbank bought the group for $3.3 billion because of their strong interest in the firm’s six investment specialty pools.

The specialty pools invest lots of money in digital marketing, golf courses, mortgage services, and other related industries. Softbank projects that it will double the group’s assets in the next few years. Fortress is a publically traded company on the New York Stock Exchange. As such, Randal Nardone appreciates that he will continue to lead Fortress. He says Fortress Investment will benefit from SoftBank’s global portfolio of companies under his leadership.

Other than Randal Nardone’s exceptional work at Fortress, he is also the president and chairman of Springleaf Financial Holdings and also the president of Ncs 1 LLC. Besides, he’s the secretary of and vice president of Newcastle Investment Holding. Nardone was also the secretary and chief operating officer of Impact Commercial Holdings Incorporated beginning May 1999. Further, in 2007, he became the director of Alea Group Holdings Bermuda and, in 2008, the director of Florida East Cist Holdings Corporation. Also, beginning 2010, he served as director of One MainHoldings Incorporated.

At 51 years, Randal Nardone has registered outstanding success in the financial service sector. He has been able to achieve this considerable fortune through strong connections with other brilliant investors.

August 10, 2018

Posted In: Business Expert, Investor

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