Randal Nardone founded Fortress Investment Group, LLC. (FIG) in 1998 with Wesley R. Edens, Peter Briger Jr., Michael Novogratz and R. Kauffman. As with all successful enterprises, their aim was to provide financial backing to well grounded dreams. The private equity firm performed excellently and was the largest ever of such business type to go public on the New York Stock Exchange (NYSE) on February 09, 2007.Randal Nardone earned a dual B.A. degree in Biology and English from the University of Connecticut. He earned his Juris Doctorate degree from the Boston University School of Law. He progressively arrived at establishing FIG working first as a partner and executive at the Law Firm Of Thacher, Proffitt and Wood.
From there, he served as a Principal Director of BlackRock Investments. Just prior to solidifying FIG, LLC., he held the position of Managing Director at UBS. Randal Nardone currently serves as Principal, Board Director, President and Interim (while Mudd handles the Senate probe) CEO. He has performed the duties of CEO for the Firm for years prior, as well. He also fills the position as Board Chairman for a number of other business entities and holding companies.Randal Nardone is credited with founding forty six other business ventures, eight of which remain active, including FIG. His versatile background allows him to guide his principals and his potential clientele.
Based in New York City, Fortress Investment Group offers financial backing for credit issuers, hedge funds, traditional money management and private equity financial vehicles among other products.Softbanks (SFTBY) of Japan recently purchased FIG for $3.3 billion USD in its move to diversify. FIG will operate independently under Softbanks and retain its New York headquarters. The three current Principals, Nardone, Edens and Briger, will remain in charge and will reinvest fifty percent of their post deal share back into FIG. The leaders agree that the product and venture objectives of both FIG and SFTBY align well and look forward to even greater success in the near future. Learn More.