Randal Nardone had built an impressive track record as the Co-founder, Principal, and CEO of Fortress Investment Group by brokering successful deals and building company value
Randal “Randy” Nardone, who is Principal, Chief Executive Officer, and the Co-founder of Fortress Investment Group is a key asset for why Fortress became a desirable company that stakeholders and clients had considered working with concerning asset management and investing.Mr. Nardone has been Principal since 1998, and as the CEO of Fortress Investment Group since 2013. Nardone also served as the interim CEO in 2011. Fortress Investment Group is an investment management firm based in New York City. Fortress was founded in 1998 by Rob Kauffman, Wes Edens, and Randal Nardone.Fortress Investment Group’s company record has been stellar over the years as it involves mergers and acquisitions. Fortress has timed the spinning off of some of their key companies, subsidiaries, and business entities quite profitably.
In 2017, Fortress had a merger & acquisition with Softbank, Inc. — a Japanese company. Nardone remarked that Fortress Investment Group was not completely prepared to be purchased by Softbank (SBG). Softbank Group Corporation acquired the Fortress Investment Group for $3.3 billion. One of the key points of this deal between Softbank and Fortress Investment Group was that to Wesley Edens, Rob Kauffman, Randal Nardone’s were able to keep the executive positions at that time, intact.Randal Sardone had also stated about this recent Softbank purchase that he had hoped that Softbank would have made all the other companies under Fortress’ domain profitable.Prior to working at Fortress Investment Group, Nardone worked as a managing director at UBS. In addition to working for the Swiss banking giant, UBS, Nardone held the role of Principal at Blackrock Financial Management.
Prior to his managing role at Blackrock, Nardone was partner and member of the executive cabinet at Thatcher Proffitt & Wood, a law firm.While holding the top executive position at Fortress Investment Group, Randal Nardone was involved in financial firsts. Under Nardone’s leadership, Fortress Investment Group became one of the first private hedge funds to go public.Some of the key companies, subsidiaries, and business assets that Randal Nardone and the executives at Fortress Investment Group have managed include Rail America, New Senior Investment Group, Brookdale Senior Living, Drive Shack, New Media Investment Group, New Residential Investment, and Fortress Transportation.Randal Nardone is the current director of Alea Group Holding Ltd., Eurocastle Investment Limited, as well as Brookdale Senior Living, Inc. Nardone is currently the Secretary and Vice President of Newcastle Investment Holdings, LLC.
Tags: Investment Firm