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.
He is a true definition of a successful man who has become a great inspiration to this present generation of the upcoming talent young men. His recession journey is by itself full of lessons for he has made his own fortune. Every successful man has a story to tell and Randal Nardone has his own until he became the billionaire to the person he is today.Randal Nardone is perhaps one of the few people around the globe who serves in multiple companies’ and organizations’ boards. He built his foundation by attending the University of Connecticut where he graduated with BA in English and Biology. He later joined Boston University to pursue Law. He has served many organizations and companies in his career life but the most notable of all is Fortress Investment Group LLC.
Fortress Investment Group began its operation in 1998 courtesy of five gentlemen of which Randal Nardone is one of them. He is the Co-founder of the Group and has been serving as its Principal since it was founded. In 2013, he resumed the CEO office which he has been occupying till day. He is the man who catapulted the profits of their acquisition called Springleaf Financial Holdings to levels which were unbelievable. He still serves as the Chairman and as the President of the Holdings. Randel Nardone began his career journey at Thacher Proffitt & Wood law firm where he served in the executive committee as its member. He later progressed to BlackRock Financial Management Inc. where he was serving as the principal. He has served at UBS for 1 year between 1997 and 1998 as the Managing Director, in Alea Group Holdings Ltd., Brookdale Senior Living Inc., and Eurocastle Investment Limited among others. In all these firms, he served in top positions.
In 2006, they sold some shares of Fortress to Nomura Japanese firm for $890 million which kick-started their journey into real wealth. In 2007, the five major counterparts: Randal Nardone (Randy), Robert Kauffman (Rob), Peter Briger (Pete), Michael Novogratz (Mike), and Wesley Edens (Wes), hit the jackpot when they decided to make the company public. Through the Initial Public Offer, they became billionaires and Randy featured in the Forbes List of Billionaires at number 557 with a net worth of $1.8 billion. Fortress Investment Group has been moving to greater heights which have attracted various suitors who wanted to purchase it. The lucky one was a Japanese firm called SoftBank Group which purchased Fortress at $3.3 billion. Nevertheless, the group continues to operate independently under SoftBank Group umbrella. The leadership of Fortress is positive that SoftBank will take Fortress to higher heights.
Peter Briger- A Reliable and Big-Hearted Global Business Professional
When comparing professionals in the investment and finance sector, Peter Briger is a household name that will come into mind. He is not only a great professional with a great career but also a person with a well-built character. It is his incomparable achievements in professionalism and leadership that attributes to his top rank in the sector. Peter currently is the Principal and Co-Chairman of Fortress Investment Group, an established leader in investment management. Fortress Investment Group was founded by Wesley R. Edens and Randal A. Nardone in 1998. The company is reputed for offering asset-based investments, capital markets, corporate mergers and acquisitions as well as operation management services. The company has been a force to reckon with thanks to its innovation mindset.
Through the leadership of Peter Briger and its co-founders, no other investment company will have the expertise to conquer Fortress Investment Group in near future. Briger joined Fortress in 2002 and was part of its management committee. Due to his diligence and experience, he rose through the ranks to manage the Fortress Credit Business. After serving as a member of the board of directors of the company, he rose to the position of a Co-Chairman in 2009. He amassed ample experience at Goldman, Sachs & Co where worked for 15 years prior to joining Fortress. At the company, his work entailed real estate and debt vehicles management. His resume also details being a member of the Board of Directors at Princeton University Investment Company.
Peter Briger has great connections all over the worldwide and especially in Asia after spending a lot of working years in the region. His links with many other companies have made it easy for Fortress to enjoy great success in the industry. Mr. Briger focus on innovation and good customer relationships has been effective ever since he joined the company. He holds a Bachelor of Arts from the Princeton University. He also attended the University of Pennsylvania where he received an MBA from the Wharton School of Business. Besides his successful career and impeccable academic background, Mr. Briger is also a philanthropist. Over the years, he has been contributing to charity events and helping the needy. He has been a reliable supporter of nonprofit Tipping Point, which is a big sponsor of low-income families within San Francisco. Peter Briger has also been financing Central Park Conservancy together with other dedicated philanthropic leaders.