Randal Nardone has been part of the Fortress family, for now, twenty years. During this period, he has been part of the company’s growth in the investment world in different capacities. Prior to his appointment to be the head of Fortress’s Private Equity together with Wes Edens, Randal Nardone was part of the management committee. During this eight years period, along with other management committee members were able to build the company’s structures, which have been termed as exceptionally strong. His massive contributions influenced his appointment in 2006.
Currently, Randal Nardone is part of a larger and more demanding Fortress’s Private Equity. In this management unit of the larger Fortress management team, he is tasked with ensuring that all private equity projects are successful and at per with the company’s vision. Over the past two decades, he has contributed to the company’s value-oriented projects such as in health, transport, energy and oil, and more importantly, financial services to thousands of people and entities around the world. As part of the head of this management unit, Randal Nardone has not only made this unit successful but also one of the well-performing management units of Fortress.
The University of Connecticut alumnus has however worked in the management of investments all his career life. Some of his previous positions (in other different companies) include the following. He was in charge of UBS as the managing director for 12 months before joining Fortress. In addition, his contributions to BlackRock Financial Management as the principal and BlackRock as a partner acting as the foundation to his current position were exceptionally high. Although the previous posts demanded a different level of management skills, they served as preparation for his present job description and more
In the last 12 months, Randal Nardone and the management team have done many changes affecting the future of the company. One of the most iconic changes includes selling a certain share percentage to SoftBank. The $3.3 Billion deal gives Nardone and the company more resources to expand the company’s operational budget. With this deal, Nardone is confident that Fortress will have the financial muscles to cover more geographical locations.