Randal’s career background.
Randal Nardone enrolled with the Boston University School of Law. He completed his studies and received a Doctor of Jurisprudence. From the University of Connecticut, he acquired his Bachelor of Arts in English and Biology. Randal Nardone became a lawyer after school. It helped him gain expertise that still benefits the Fortress in the area of finance and legal matters. He worked with Thacher Proffit & Wood as a partner and a member of the executive committee.
Randal has also worked in BlackRock Financial. He later found an opportunity to work with the Union Bank of Switzerland, a place where he got a lot of experience which adds to his success as a member of Fortress’ executive committee.
Randal Nardone’s current position at Fortress
Randal Nardone began at the Fortress Investment Group as a co-founder in 1998. Nardone has been serving Fortress as its Chief Executive Officer since 2013. He is a Principal of Fortress Credit Corporation. Randal is also a member of the Fortress’ management committee since 1998. He is also a member of the Fortress’ Board of Directors where he was elected to this position in November 2006. His efforts have put the company in a different level higher than when he first joined it. The company’s success has also benefitted Randal which means that both benefit mutually from each other and more
Other companies that Randal has served.
Randal Nardone is the director of several companies which include Brookdale Senior Living, Alea Group Holdings Ltd., Springleaf Finance Corporation, Springfield Finance Inc., GAGFAH S.A., and Eurocastle Investment Limited, Aircastle Limited, SeaCube Container Leasing Ltd., New Media Investment Group Inc., doBank S.p.A. Randal has also served as the Managing Director at UBS.
SoftBank acquires Fortress.
The Japanese SoftBank Group (SBG) entered a deal to acquire Fortress Investment Group LLC for $3.3 billion. This deal came through on February 14, 2017. The deal’s closure happened on December 27, 2018. SBG entered this deal in its quest to expand his area of its investment into the United States. The acquisition follows the company’s collaboration with Saudi Arabian government to establish a technology fund known as the SoftBank Vision Fund. Half of this fund is aimed to be invested in the United States.
Randal Nardone spoke about his views on the purchase of his company (Fortress Investment Group) by the SBG. He said he was positive about the deal since it would enable Fortress to grow at a higher rate access a broader source of credit sources.