Fortress Investment Group was sold to SoftBank Group Corp in December 2017 for $3.3 billion and the company will continue to be led by Randall Nardone as well as Wes Edens and Peter Briger to provide strategic leadership and stabilized guidance for the extremely successful alternative asset investment firm. SoftBank Group is a global investor in cutting-edge technology advancements such as robotics, telecommunications and various other computerized technologies that are allowing the world to advance into an information revolution in technology. SoftBank Group purchased Fortress Investment Group as one of many alternative investment companies they sought to add to their portfolio to provide strategic advantages that can be unleashed on their highly competitive competition.Fortress Investment Group was founded in 1998 and has continued to provide high-level returns on investment for its various institutional and individual clients that total more than 1750.
Randall Nardone has been a part of the Fortress success story from the very inception of the company where he was one of the five founding members. Randall Nardone currently serves the company as Chief Executive Officer and provides valuable legal, financial, management and strategic investment experience to continue the process of expanding the company investment portfolio throughout various geographical and regional alternative asset investment opportunities. Randall Nardone was educated at the University of Connecticut where he received his Bachelor of Arts degree in Biology and English. With his eyes on a law degree, he continues his education at Boston University School of Law where he received his Juris Degree and quickly transitions his college career into his distinguished professional career at Thacher Proffitt and Wood Law Firm.
After a successful run at Thacher Proffitt and Wood, Randall Nardone recognized his value through his evaluations of various lucrative asset investments in private equity, management, credit, and finance. He solidified his career direction by joining a well-established investment firm called BlackRock Financial Management. At BlackRock, he served as a principal within the company and continues to grow his personal and professional portfolio to become renowned for his skill set of legal and financial evaluation techniques. Randall ended his career at Black Rock and transitions to UBS where he provided excellent guidance and leadership for one year before he decided to found Fortress Investment Group with Wes Edens, Rob Kauffman, Peter Briger and Michael Edwards in 1998. Over the years, Randall Nardone has provided exceptional leadership and strategic guidance for Fortress Investment Group and has been one of the reasons why the company has been so successful and also he received an exceptional cash windfall for his efforts during the $3.3 billion sale.