Randal Nardone is Fortress Investment Group LLC’s co-founder. Since August 2013, he has been the company’s Chief Executive Officer and since 1998, the principal of Credit Corporation. Randal has made contributed significantly to the firm which is now famous for providing its clients with high-quality services.In 1998 when Randal co-founded Fortress Group, he did not base the revenues on sub-prime debtors. Instead, he bought valuable assets such as casinos, ski resorts, and railways. Randal did not use useless mortgages to create insignificant mortgage-backed securities but opted to make the world productive by providing capital.Randal Nardone has portrayed his exceptional skills and expertise in finance. Over the years, he has accumulated immense experience to become a professional and investment expert.
Randal has worked in various positions such as Portfolio Manager, Chief Operating Officer and Secretary of RIC Co-investment Fund LP. Randal has held many board memberships positions including being a director at Euro castle Investment Limited and at Fortress Investments Group from 2006 to present. He is also currently a director at Springleaf Finance, Inc., Springleaf REIT Inc., and Florida East Coast Holdings. In his career, Randal has advised and helped companies as well as people from all over the country to improve their financial situations.Though very skilled in finance, Randal Nardone did not always hope to pursue the finance field. He had instead studied law and did his master’s degree in law from Boston University School of Law, before which at the University of Connecticut, he had done his bachelors of Arts in English and Biology.
It is only after working in several companies that Nardone realized how the legal and financial fields were intertwined. He, therefore, took an interest in finance, which made him switch gears and begin working in the financial sector and even creating an investment firm.Randal Nardone learned all about conservative banking while in Switzerland and for this reason, Fortress survived in the 2008 credit crunch. When Randal’s hedge fund went public, he became #577 of Forbes 2007 Billionaire List. In 2017, SoftBank bought the Fortress Investment Group as part of its vision fund strategy. His company is among the most notable investment firms on NYSE and companies are choosing it for the portfolio Randal has put together. Fortress Investment Group is headquartered in New York and has businesses in private equity and credit funds, specializing in asset-based investing.