Randal Nardone, also commonly known as Randy J.D, is the co-founder and Principal of Fortress Investment Group. He has a rich experience in corporate governance and asset management affairs in general. Fortress Investment Group was started in 1998 as a private equity firm but has blossomed into an international entity dealing in investment management and other financial services. Randal has served as principal and co-founder since the company was started. He became CEO in 2013. Randy is a busy person with a wide range of investments and responsibilities. He also serves as president and chairman of several other organizations; some of which, he founded.
Education and Career Brief of Randal Nardone
Randal Nardone has a B.A from the University of Connecticut. He is one of the founders of Fortress Investment Group. He is also the Chairman of Springleaf Financial Holdings. Randy serves as the President of Ncs LLC. He is an experienced investor with an opportunistic eye for the high earning investments.
Fortress Investment Group
Fortress Investment Group is a robust Global Asset Management and investment manager. The organization has its headquarters in New York. It was started in 1998 as a private equity firm with a focus on alternative investments. It has evolved and grown into a large conglomerate that has attracted international attention including that of the Japanese Giant SoftBank. Fortress has assets worth $43.6 billion under management and continues to grow its portfolio into new areas of management and new geographies. One of the remarkable responsibilities of the organization at the moment is taking care of assets on behalf of over 1750 organizations who include both public entities and private clients across the globe. The company specializes in risk management; a service that has attracted many organizations to partner and entrusts it with their investment assets.
The Highlights of Nardone’s Stewardship
By the end of December 2017, Fortress had over 953 employees, 216 of them are investment professionals spread across its area of business. Some of the competencies that Fortress is best known for include asset investment, diverse asset options, management of alternative assets, making purchases of properties after strategic considerations, refurbishment of assets acquired under foreclosure situations, pricing consultancy, valuation of assets, ownership, and financing. The company has a competent team of experts in its various outlets across the globe. Owing to its wide range of expertise, Fortress has grown into a large organization that handles a host of clients with varying business needs. It is because of such distinguished performance that it attracted the eye of the Japanese giant. SoftBank is reported to have finalized the purchase of Fortress in 2017. Some of the highlights of the deal indicate that Fortress was allowed to continue operating independently, although its yearly results would be combined with those of SoftBank Group. It is an arrangement that largely left Fortress to continue operating as it has, but with an energized partner venturing beyond its traditional territories. The acquisition also means that Fortress has now reached the Asian market with a bang. SoftBank Management says that it decided to purchase Fortress so as to add its investment expertise to its portfolio. Under the leadership of Randal Nardone, Fortress has not only demonstrated exceptional performance but expanded into new territory.