Randy Nardone is the co-founder and Chief Executive Officer of Fortress Investment Group has been on the map recently due to its smart investments and pairings. SoftBank bought out Fortress Investment Group with 3.3 billion dollars. This buyout has boosted the shares of Fortress Investment Group by 29%. His Fortress Investment Group is worth 42.1 billion dollars in assets. The firm is an industry specialist in capital markets, industry knowledge, and operations management. Softbank will attempt to double the growth rate of Fortress following the buyout.
Randal Nardone holds a J.D from Boston University School and a Bachelor of Arts from University of Connecticut. Hes worked on the investment firms of BlackRock Financial Management, New Fortress Energy, and Thacher Proffitt & Wood, among other corporations.
Randal Nardone will continue to be at the helm of the Fortress Investment Group alongside Wesley Edens and Mr. Briger even after they get bought out by Softbank.
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Randal Nardone founded Fortress Investment Group in 1998, and became a leading institution in investing, and grew to include debt securities and hedge funds. Fortress was a massive success from the get go and has expanded to even greater heights in its two decades after launching.
Randal Nardone is optimistic about the recent merger with Softbank and believes that it will give the firm greater access to higher a credit base. In 2006-2007, Fortress bought out Intrawest, a major ski company, along with Rail America, and Penn National Gaming. Fortress was the first hedge fund company to launch an IPO. After going public and the initial success of the IPO, Fortress continued to open up more investment vehicles. This includes the Fortress Investment Group V, and Credit Opportunities Funds I through IV as well as the Worldwide Transportation, Intellectual Property Fund, and the Infrastructure Fund.
In 2010 Fortress acquired AIG, which skyrocketed in value. With twenty years on the market, Fortress Investment Group has been a massive player on the financial markets.: Randy Nardones role in building and growing the company has been instrumental in its success.
Learn more: https://www.crunchbase.com/person/randal-nardone