Randal Nardone; the Cradle of Fortress Investment Group

spcblog, 10 August 2018, No comments
Categories: Finance Expert, Investor

Among the top billionaires for whom Fortress Investment Group will forever be grateful, Randal Nardone is at the top of the list. Having been one of the co-founders of the organization back in 1998, Randal Nardone has immensely contributed to the rapid growth of Fortress Group which it has experienced since it was formed. Besides being the founder of the company, Randal was also appointed the CEO of the organization in 2006, alongside Wes Edens and Peter Briger, who had joined Fortress after it was established. The idea of forming Fortress Investment Group came into Randal’s mind while he was working as a senior employee at the UBS Company. This was after he had stayed in the company barely for a year. However, his financial career had begun way earlier when he was working at the Blackrock.

The fate of Randal Nardone ending up as a finance and investment manager was quite unpredictable. This is due to the disciplines that he had pursued while at college. For instance, at the University of Connecticut, Randal had obtained undergraduate degrees in Biology and English. Later, he joined The Law School of Boston University where he acquired a JD. This was when he joined Thacher Proffitt & Wood, a boutique law firm in the US, where he was made a member of executive committee and also a partner. He worked for the law firm for a while before contemplating changing his profession from law to the finance field. That was when he joined Blackrock.

When Randal Nardone thought of starting a company on his own, he had some potential challenges that lingered in his mind; one of them being the financial constraint and also he needed someone with whom he could share his business ideas. This led him to request Rob Kauffman and Wes Edens to join hands and bear the risk together. That’s when they formed Fortress Investment Group. Fortunately, their risk and ideas turned out to great success. As we speak, the organization has grown to the extent of getting clients and investors from outside the US. Fortress Group boasts of serving over 2000 clients, who both local and international.


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