Randal Nardone, a Co-Founder of the Fortress Investment Group, is one of the five partners to build the company. Today, Randal is the CEO of the company, and has been active in this role since 2013. Additionally, he is also the Principal for Fortress Credit Corporation. His roles are varied, including his time to take on the role of President and Chairman of Springleaf Financial Holdings, LLC. There are still many roles outside of these that he has stepped into, but what matters most?
As any good CEO believes, Randal Nardone knows that you can’t get into a position like this overnight or with very little skill. With a background in law and finance, he is one of the key reasons behind the firm that has caused it to become a trendsetter. It was in 2007 that the initial IPO was made known, and it was impressive for this large scale investment firm to make the NYSE so quickly.
One of the best words used to describe the firm is “diverse”. With global funds diversified, and more than $43 billion dollars in assets managed, the firm has more than 1,750 investors in private equity. Capital vehicles and hedge funds are all a part of the bigger picture of what happens daily inside the Fortress Investment Group. The company’s continued growth has led to the hiring of more than 900 people, and it’s growing strong.
What is new for Randal Nardone? Now that the company is focused on open-end asset funds, they will be using direct lending to support this action. This allows their investors to access private credit when needed. Some of the most pertinent areas of interest are aircraft leases and other commercial needs that one may have for their company or luxury.
The company continues to raise money for other endeavors, like raising capital for large scale investments related to patents. Randal Nardone will continue to lead the charge with this new opportunity at Fortress Investment Group.