Randal Nardone is the co-founder of the well-known Fortress Investment Group. Mr. Randal holds top positions at a couple of companies. For instance, he serves as the CEO, Director as well as the Principal at the FIG LCC. He is also a CEO at the Fortress Macro Advisors LCC. Apart from that, Randal holds the position of COO at Impac Commercial Holdings and as VP of the Newcastle Investment Holdings Corp. Randal once served as the interim CEO in 2011-2013 and was later made CEO in August 2013. Before he became the founder of Fortress in the year 1998, he was serving as the managing director of UBS for two years.
Prior to this, he was the principal of BlackRock Financial Management. Before that Mr. Randal Nardone was a partner as well as member of the Executive Committee at Thacher Proffitt & Wood. He has a B.A in English and Biology which he acquired from the University of Connecticut and a J.D. acquired from Boston University School of Law. Randal Nardone together with Wes Edens and Robb Kauffman were the founders of the Fortress Investment Group. They brought together the experience they had gained from working at different firms. Fortress Investment Group is a big firm and they strictly stick to their core competencies. It is mainly an asset-based investment firm. They bring out their significant experience of investing in different types of assets.
Before investing, Fortress ensures that they have a deep knowledge about the company or industry in which they are investing. That’s why they have a lot of investment professionals with sector-specific knowledge of big successful companies or prospective and established individuals worldwide. The firm made an agreement with SoftBank Group on February 2017 that SoftBank Group would buy this firm for $3.3 billion. The acquisition by SoftBank was later completed by 27th December that year. SoftBank now fully owns all of Fortress’ shares. The firm (Fortress) operates under SoftBank as an independent business whose headquarters is in New York. On acquiring the Fortress Investment Group, SoftBank vowed to maintain all the leadership and personnel procedures that has kept Fortress outstanding to date. Mr. Randal Nardone says that they are happy and ready to work with the SoftBank since they all have a common goal.