Fortress Investment Group was established two decades ago as a private equity firm and has been increasing, expanding, and growing since then. It is popular and notable for being the first private equity firm that is built on a large-scale with thousands to millions of clients and a team that is very reliable and committed. It was the first ever private equity firm that went public on the New York Stock Exchange. Randal Nardone is undoubtedly one of the greatest contributors to the success of Fortress.
In our world today, the company has decided to be a diverse investment management firm that handles more than 40 billion US Dollars of assets along with its almost 2,000 investors. The investors are focused on hedge funds, private equity, and permanent capital vehicles. Furthermore, the company has more than 900 employees and the employees stated that the company achieved its success with its good work ethic as well as its excellent strategies that is very beneficial in the long run.
The founder of Fortress Investment Group who has been an active member of the company’s Management Committee ever since 1998 is known as Randal Nardone. He has been the company’s Chief Executive Officer for almost 6 years and is among the billionaires of the Forbes Magazine’s Billionaire list at the 557th position.
Randal Nardone has played a lot of significant roles in the subsidiaries of the company, and it includes his executive positions at FIG LLC, FMA LLC, Eurocastle Investment, Impact Commercial Holdings, Florida East Coast Railway, Springleaf Real Estate Investment Trust, FM Falstaff Advisors, Seacastle and so on. He has extensive leadership skills that greatly influences the whole company and its people to grow and to develop.
After earning a degree in English and Biology at the University of Connecticut, he began to establish his career. In addition to this, Randal Nardone also graduated and earned his law degree at Boston University School of Law. During the start of his career, he became the principal of BlackRock Financial Management, managing director of UBS, and a partner of Thacher Proffitt and Wood.