Randal Nardone is one of the original founders of the Fortress Investment Group. He is still working with the company in the present, and he was given the role as the chief executive officer. As the head of the company, the most important decisions comes from his office, and he is also trying to get the opinions from his co-workers who are also in the executive circle. Every decision that he makes should have a positive impact on the company’s performance, and it should also lead the Fortress Investment Group into a new age wherein more people will be encouraged to join the business.
Randal Nardone admitted that managing the company at first is a headache, but after they performed research about the nature of the industry, they were able to utilize new strategies that attracted more people to invest in their business. The Fortress Investment Group is one of the fastest growing private equity firm, and by 2007, the company is already introducing their company for public trading. The Fortress Investment Group would not be able to reach these goals without its hardworking founders.
The Fortress Investment Group is now under the watch of the Softbank Group, a conglomerate based in Japan. The Japanese conglomerate purchased the Fortress Investment Group for $3.3 billion back in the year 2017, and two years after the acquisition of the company, Randal Nardone stated that there were positive changes that happened within the company. There were a lot of opportunities that opened up after the private equity firm fell under the control of the Softbank Group, and the original founders of the company including Randal Nardone, are still working hard to ensure that the company continues to reach their goals.
Aside from their role in the financial world, the Fortress Investment Group is also participating in philanthropic activities. One of the most recent involvement of the company in a philanthropic activity would be the construction of the Olympic Village for the participants at the 2010 Vancouver Winter Olympics. The private equity firm decided to help construct the Olympic village, and it was awarded to them after the games have ended.
LEarn more about Randal Nardone: https://www.bu.edu/law/2018/05/17/randal-nardone-80-featured-in-new-york-patch/