Randal Nardone, a well known and successful financial professional, is one of the founders of Fortress Investment Group LLC. Nardone founded the global alternative firm in 1998 alongside renowned business personalities like Wes Edens and Peter Briger. Nardone serves in the group’s executive management team and has been the Chief Executive Officer since 2013. He has also been a principal since 1998.
Since its foundation in 1998, Fortress Investment Group has rapidly grown and expanded to become a market leader in investment management. The company went public in 2007, becoming one of the first Private-equity firms to trade its shares in the New York Financial Market. Today the group manages more than $43 billion worth of assets with a client base of more than 1,750 business people in permanent capital vehicles, hedge funds and, private equity.
Randal Nardone has been actively involved in the day-day management of the group and its interests. He is the current principal of the Fortress Credit Corporation. He also serves at Springleaf Financial Holdings as the principal and chairman. He is also the incumbent secretary and vice president, Newcastle Investment Holdings. Nardone is also the serving Chief Operating Officer of Fortress Investment Fund V and, Fortress Investment Fund IV, the two affiliates that he helped to establish. He also serves as the Chief Operating Officer, secretary and, portfolio manager of RIC Coinvestment Fund and Newcastle Investment Corp.
Besides his executive roles in the Fortress Investment Group, Randal Nardone has worked in other firms as a leader. From May 1997 to May 1998, he served as the managing director at UBS. Additionally, he had also served at BlackRock Financial Management as a principal. In his early days, he worked at a law firm, Thatcher Proffitt & Wood, where he served as a partner. His steadfast involvement in business has earned him a considerable amount of money. He was named number 557 in the Forbes Billionaires list. Nardone holds a J.D from Boston University School of Law. He is also a holder of a degree in English and Biology, the University of Connecticut
Fortress Investment Group is one of the most notable business names in the United States, courtesy of Randal Nardone. His contribution has attracted major companies, which have expressed their wish to invest in the group. His contributions are a great benefit to the company.
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