Fortress is one of the most prominent investment management firms in the United States. The group brags of a seasoned team of experts who offer reliable financial and investment advisory services. Besides the professional team, Fortress is esteemed for owning and managing vast investment vehicles in the world’s transport, real estate, and finance sectors. It manages assets worth $43 billion.
But how did the investment management firm establish its current position in the world’s finance and investment industry? The investment management firm’s achievements can be credited to Randal Nardone, one of its founders. Nardone is a trained legal practitioner with solid managerial skills. Before establishing Fortress Investment Group, Randal Nardone worked as an executive administrator in prominent investment firms like UBS and Blackrock.
Currently, Mr. Nardone is Fortress Investment Group’s chief executive officer. He manages Fortress’ workforce, and he collaborates with Wes Edens, Peter Briger, and other officials to make critical managerial resolutions.
Apart from the CEO role, Nardone holds other crucial positions within the investment management firm. He supervises the private equity division which focuses on generating value from Fortress’ investment vehicles. Through the private equity division, Nardone focuses on generating cash flow from controlled investments across North America, the Caribbean, and Western Europe. The success of the division is attributable to Nardone’s vast experience in the management of assets in the financial services, energy and infrastructure, healthcare, and transportation among other sectors.
The division controls Fortress’s significant holdings like Brookdale Senior Living, Nationstar Mortgage Holdings, Holiday Retirement, and New Fortress Energy. In addition to managing the credit division, Randal Nardone leads several subsidiaries. He is the director of Eurocastle investment firm that aims at extracting value from real estate properties, and non-performing loans. He is a senior executive at Brookdale Senior Living, an organization that operates a chain of senior living facilities in the United States. The facility provides skilled nursing services, memory care, as well as assisted living services.
Besides Brookdale Senior Living and Eurocastle, Randal Nardone holds an executive role in Impact Commercial Holdings, FMA LLC, and Florida East Coast Railway. He has served Fortress Investment Group since 1998