Tag Archives: Investment Advisors

Randal Nardone: A Leading Investor and Financial Expert

Randal Nardone is a co-founder and chief executive officer at Fortress Investment Group, LLC. He has also served as the Fortress Credit Corporation principal. Randal holds many leadership positions in the company and within other organizations that partner with Fortress Investment Group. Under his involvement, Fortress Investment Group begins to operate within SoftBank though as independent entities. This was followed by the completion of the acquisition by the SoftBank Company. The acquisition cost SoftBank $3.3 billion cash. The completion of the acquisition was followed by the agreement and satisfaction of all the condition to bring down the transaction. For example, there was a need for approval from the Fortress Investment Group shareholders that was completed in July 2017 and the approval by various responsible regulatory offices.

Following the merger, the outstanding shares for Fortress Class A were converted to receive $8.08 over every share in form of cash. The merger agreement was as well incorporated in the right manner and since then, the Fortress Investment Group will operate within the system of SoftBank though as an independent business based in New York. The leadership positions are not affected as well since their executives continue to operate in their capacities just like before.Fortress Investment Group is known for the expertise in credit funds and private equity funds management. It is a well-known investment firm with lots of diversities in the investment sector. The company manages assets for over 1,750 institutions and private investors as well as firms that range from real estate, credit, private equity investments, and permanent capital among other investment strategies.

Randal Nardone has a BA from the University of Connecticut and a JD from Boston University School of Law. His service has been felt and experienced under broad categories and committees in various institutions and organizations. Since 2011, Randal continues to serve as the director of Springleaf REIT Inc. At the same time, he has earnestly shown his support and service as the director of Springleaf Finance Inc. since 2010. Other capacities that he continues to serve include non-executive director for Alea Group Holdings Bermuda Ltd, director for Eurocastle Investment Limited, principal, co-founder & director for Fortress Investment Group LLC, president & chairman for Springleaf Financial Holdings LLC, and as the director & principal of Fortress Credit Corporation. Apart from his leadership, he has several affiliations to other firms due to his great expertise in investment matters. Through his leadership at Fortress, the company is expected to continue making great steps especially in investment and financial matters.