For the past two decades, Randal Nardone (together with Wes Edens) has successfully steered the Fortress’s Private Equity wing to what it is today-a multi-billion entity. The duo has not only made the entity a successful part of Fortress but also expanded the company’s wings to other countries. Through his leadership, Fortress’s Private Equity is a market leader in transport investment, healthcare, financial services and energy. The success story of Fortress especially in overseas operation is incomplete with mentioning the dedication and managerial expertise of Randal Nardone.
The Nardone story in Fortress goes back in 1998. Although he was appointed in the board of directors in 2006, he was already a hardworking and a dedicated part of Fortress. Prior to 2006 appointment, he was a devoted and a hardworking member of the management committee that presided over the most successful period in the history of the company. He currently acts in the capacity of a principal together with Wes Edens and Peter Briger. Apart from being a principal, he is the company’s director of investment management.
In addition, Randal Nardone serves in four other capacities. First, he is the director of Brookdale Senior Living. This firm works on improving everyday lifestyle. Second, he is part of the executive management-New Residential Investment Corp. This firm is purely a real estate entity, and his contribution in the management has made the firm to be competitive in the real estate industry. Thirdly, Randal Nardone is a director of Gagfah-, which is a housing corporation. Finally, Nardone is a director and part of the management team of Springleaf Holdings.
Randal Nardone is a graduate (B.A in English and Biology) from the prestigious University of Connecticut. Besides, he has a J. D. from the legendary Boston University. This two academic qualification together with his work experience has given Nardone a tranquil life in the investment world. It is also important to note that Nardone is also a great negotiator and a good planner, in and out of the investment world. Due to these qualities, he was fortunate enough to serve in different capacities before joining Fortress. Some of the companies he previously worked for include BlackRock Financial Management (where he was a principal) and BlackRock (where he was a partner).
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