Fortress Investment Group co-founder and CEO Randal Nardone is an experienced and highly successful business executive. A University of Connecticut graduate with undergraduate degrees in Biology and English, Nardone also earned his Juris Doctor at the School of Law at Boston University. He began his professional career with the law firm Thacher Proffitt & Wood as a partner and executive committee member. Since then he has spent more than 20 years in the financial services industry. Before co-founding Fortress Investment Group in 1998, Randal Nardone worked with Blackrock Financial Management and was a UBS managing director.
Randal Nardone has vast experience as a business executive in addition to his work at Fortress Investment Group. He has held top executive positions with Springleaf Financial Holdings, Newcastle Investment Corporation, RIC Coinvestment Fund, IMPAC Commercial Holdings, Alea Group Holdings Bermuda Ltd., Eurocastle Investment Limited, OneMain Holdings, Inc., Mapeley Limited, New Media Investment Group, Brookdale Senior Living Inc., doBank S.p.A., GAGFAH S.A., Aircastle Limited, Florida East Coast Holdings, as well as SeaCube Container Leasing Ltd. He has helped to lead all these companies while playing a variety of roles at Fortress Investment Group. Since starting Fortress Investment Group Randal Nardone has held many and diverse position’s with the company’s subsidiaries. He has been a principal with Fortress Credit Corporation, co-founder, principal, COO and CEO of both Fortress Investment Fund IV, L.P. as well as Fortress Investment Fund V, L.P. Randal Nardone is also co-founder, COO, CEO, vice president and secretary of Fortress Registered Investment Trust.
Nardone is also a Fortress Registered Investment Trust director and was a Fortress Transportation and Infrastructure Investors LLC director until 2015. Part of Randal Nardone’s role at Fortress is handling legal matters and overseeing structured finance transactions.As of 2007, Forbes.com had Randal Nardone ranked as number 557 on their World Billionaires list. He reportedly has a net worth of over $1.8 billion. A husband and father, Nardone lives in New York City. That is also where the headquarters of Fortress Investment Group is located. In addition to his background in law, Randal Nardone is also known for his expertise when it comes to private equity finance, credit and management. Part of the reason Randal Nardone co-founded Fortress was to help others. He sees Softbank acquisition of the company as an opportunity for Fortress Investment Group to get the support and resources it needs to reach its full potential.