Randal Nardone: Biographical Information and Acquisition

Randal Nardone is Fortress Investment Group’s Co-Founder, Director, and Principal from New York, New York. He has been part of Fortresses committee of management since 1998. On top of that he’s been chosen for the Board of Directors since November 2006. For education he attended the University of Connecticut and got a B.A. in subjects of Biology and English. He also got J.D. when he attended Boston University School of Law. Nardone had worked in the post of Blackrock Financial Management, Inc. From there in 1997 he went into UBS AG in position of a managing director.

Recently the company Randal Nardone works for “SoftBank”got acquired by a company called “SoftBank”. This was for a deal of $3.3-billion. It got approved by Fortress shareholders in July 2017. This became authorized on December 27th 2017. Each company has been consistent in seeking new places to extend out into. Both have displayed interest in having themselves rebranded in the years as well. Fortress Investment Group will keep on functioning as a company that’s independent. It will also go on put there money into the things they specialize into. They are hedge funds, railroads, private equity, real estate, and credit funds.

Randal Nardone had thoughts on that event. He had optimism on the deal and how it would make the company stronger. He believed the company would have the ability in the future to speed up. It would also have the ability to gain entrance to larger sources of credit. The company of Nardone’s is now thought to contain approximately $69.5 billion in assets under management. Half of it is in fixed incomes and the remainder is in credit hedge funds, permanent capital vehicles, private equity, and credit private equity.

Randal Nardone was not alone in the establishment of “Fortress Investment Group”. He established this with two other co-chair’s. Their names are Wes Edens and Pete Briger. Fortress will assist Fortress in accomplishing it’s goals and on top of that will be a big boom. This is to both the future and the current private equity firm.