Fortress Investment Group has been called a “force of innovation” – the statement is true, and if it weren’t for the brilliant minds of Randal Nardone, Wes Edens, Rob Kauffman, and Peter Briger, Fortress Investment Group wouldn’t be as successful as it is today.
In 1998, Randal Nardone – better known as “Randy” Nardone – formed Fortress Investment Group alongside Wes Edens and Rob Kauffman. Nardone and Edens had worked in financial services for more than a decade, respectively, and helped legendary racecar driver Robert Kauffman get his money off the ground and invested in countless corporate entities through Fortress Investment Group.
The first five years of operation for Fortress Investment Group raised its starting capital of roughly $400 million to approximately $3.9 billion, nearly multiplying its initial investment by a factor of ten! Randal Nardone played an important role in the initial years of Fortress Investment Group’s growth.
Mr. Nardone was responsible for all corporate consulting related to mergers and acquisitions, reclassifying stores of value and debts on corporate entities’ balance sheets, and other legal restructurings of its clients’ businesses. The law degree Randy Nardone earned from the School of Law at Boston University was inherent to his line of work at Fortress Investment Group; if it weren’t for his seven years of studying after graduating high school and a mind for business, Randal Nardone and Fortress Investment Group wouldn’t have blossomed into even a hazy resemblance of its current standing.
Randy Nardone has worked at BlackRock, the largest alternative investment management firm across the United States, where he was a principal. Mr. Nardone had served the likes of BlackRock for nearly a decade prior to May 1997, when Randy left the alternative investment firm and jumped ship to UBS, where he was named a managing director. He remained there for a full 12 months after being hired.
Mr. Nardone continues to serve Fortress Investment Group with his high-profile background as a lawyer and will for the foreseeable future.
Randal Nardone went to the University of Connecticut, the same Ivy League university that co-CEO Peter Briger attended as an undergraduate, before earning a law degree from Boston University’s School of Law.