Randal Nardone is a proficient paralegal with close to four decades of administrative experience. He is the co-founder of Fortress Investment Group, a leading pacesetter in the world's financial and investment sector. What are his contributions to the firm's attainments? Mr. Nardone cooperated with his fellow co-founders to develop Fortress Investment Group from its infancy stage to a prominent service provider.
Fortress stands as the largest provider of investment banking services. The firm coordinates mergers &acquisitions, and it manages its client’s physical & financial assets. Into the bargain, Fortress offers critical sector-specific financial and investment advisory services to its clients.
In 2017, Softbank Group Corporation, a prominent technology conglomerate headquartered in Japan acquired Fortress. The deal, which was worth $3.3- billion, was approved by the shareholders of Fortress Group in July 2017 and was officially sealed in December, the same year. Even so, Softbank left the investment management firm to operate independently.
Fortress Group also retained its former principals, Randal Nardone, Wes Edens, and Peter Briger, as well as its original culture and mission. At present, Nardone serves as Fortress Chief executive officer, and head of the Private Equity Division. Randal Nardone works with other executives to design and implement strategic schemes that guide the investment management firm towards its desired vision. Under his visionary leadership, the Private Equity division has experienced tremendous growth and success.
Apart from developing and implementing the strategic schemes, Randal Nardone cooperates with Wes Edens to spawn the cash flow required to run Fortress’ regular operations. They manage the investment management’s assets distributed across North America, Colombia, and the United States’ transport, natural resource, healthcare, and finance sectors.
Mr. Nardone manages Fortress’ Impac Commercial Holdings, a specialty syndicate that invests in debt assets, Springleaf REIT, a principal real estate investment firm, and FM Falstaff Advisors. He also manages Eurocastle Investment, Florida East Coast Railway, and Seacastle. Before co-founding Fortress Investment Group, Randal Nardone served Thatcher & Proffitt law firm, Blackrock, and the Union Bank of Switzerland. In 2007, Forbes recognized him as one of the billionaires in the world. He had a net worth of $1.8 billion, which he had mainly generated through investment.