A Sneak-Peek into Randal Nardone and the Positive Impact Derived From Fortress Investment Group’s Acquisition by Softbank
Randal Nardone’s reputation as a seasoned entrepreneur remains unrivaled. As the Co-Founder, principal, and CEO at Fortress Investment Group, the ambitious entrepreneur has proven to be a force to reckon with in the investment industry. His remarkable expertise and professional workmanship have undoubtedly elevated his status among his peers and placed at par with elite trailblazers worldwide. Since co-founding the company in 1998, he is credited with playing a significant role in the company’s success.
His Career at Fortress Investment Group
As a leading investment entity, the New York-based enterprise has progressively developed to manage an impressive $41.4 billion of assets as of June 30, 2018. Since the company’s inception in 1998, Randal Nardone is credited with bringing on board over 1,750 private investors and institutional clients spanning across private equity, real estate, and credit investment services. At its core, the company strives at harnessing credit and private equity funds to focus on asset-based investing with a precise goal of tapping into various investment opportunities.
Since founding the company in 1998, the creative CEO has consistently gone above and beyond to provide high-quality financial services and professional workmanship.
What Is He Responsible For?
While at Fortress Investment Group, Randal Nardone has played a multitude of roles tailored at achieving set goals and objectives. As a member of the Board of Directors, he has impressively harnessed his financial knowledge to identify lucrative assets with the potential to yield astronomical profits. His stint position as the interim Chief Executive Officer between December 2011 and July 2013 helped the company in realigning its vision with the ever-changing investment industry.
His Previous Experience before Joining Fortress Investment Group
Before co-founding Fortress Investment Group, the innovative CEO built a stellar reputation by serving as UBS’s managing director between May 1997 and May 1998. Such an influential position was preceded by the Principal’s post at BlackRock Financial Management.
Where Did He Go To School?
Randal Nardone is an alumnus of the University of Connecticut and Boston University School of Law with a Bachelor’s degree in English and Biology.
SoftBank purchases Fortress Investment Group
SoftBank recently grabbed the headlines by purchasing Fortress Investment Group for a whopping $3.3 billion. With the winding up of all transactions, SoftBank is expected to take over the existing shares owned by Fortress shareholders as of July 12, 2017.
Randal Nardone lauded the latest acquisition by SoftBank terming it as a positive step towards an even brighter future. Not only did investors earn whopping gains from the deal but also provided a better opportunity to access larger credit sources.