Randal Nardone Remains The Driving Force Behind Fortress Investment

The Fortress Investment Group has been one of the leading private equity firms in the U.S. for more than a decade after it was established by Randal Nardone, Wes Edens, and Rob Kauffman. The three founders of the group had developed skills over a number of years working with some of the largest financial institutions on the planet, including Goldman Sachs, Lehman Brothers, and UBS before focusing on bringing success to thousands of U.S.-based investors. A Force of Innovation: Two Decades of Fortress Investment Group.

Randal Nardone has found a large amount of success since the first fund from the Fortress Investment Group was created in 1999 as the Fortress Investment Fund 1. The initial offering from Fortress under the leadership of Randal Nardone proved so successful the company continued to seek new areas of success across the board which led to a jump from managed assets of $400 million to more than $3.9 billion in just five years. The Boston University and University of Connecticut graduate remain the Principal at the company with more than $43 billion in assets under management for over 1,500 investors.

The New York-based Principal is developing a range of new products for the Fortress Investment Group at all times with the focus of their work being placed on corporate mergers and acquisitions, capital markets, and asset-based investing. Over the course of his career with the Fortress Investment Group, Randal Nardone has proven such a success he has jumped to number 557 on the world’s top billionaire’s list with Forbes. Alongside his work as the Principal investment specialist at Fortress, Randal Nardone also works as the Chief Operating Officer and owns more than 53 million shares in the company. The road to becoming a billionaire was completed by Nardone when the Fortress Investment Group completed its public offering and provided the COO and his two founding partners with more than $1.6 billion each in funding.

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