Randal Nardone is a co-founder and one of the principals of Fortress Investment Group, a New York-based alternative investment company. The main focus of Fortress Investment Group is on asset management. Currently, the firm has an estimated 216 private and public investors. Though the company is based in New York, it has subsidiaries in England, Germany, Switzerland, Japan, Australia, and China. Besides the international subsidiaries, Fortress Group has several domestic subsidiaries including Drawbridge Special Opportunities Advisors, Drawbridge LDVF Patent GP, Fortress Mortgage Opportunities Advisors, FIG AMC (UK) Limited, Shiro Holdings, Coinvestment Fund GP Holdings, and Sora Holdings.
Apart from his role as the Principal, Randal Nardone has also served as the Chief Executive Officer of Fortress Group since 2013. He also serves as the principal of Fortress Credit Corporation and the president of Springleaf Financial Holdings. Nardone is also the secretary and Vice President, Newcastle Investment Holdings. He is a Co-Founder of Fortress Investment Fund V, L.P. and Fortress Investment Fund IV, L.P., where he also serves as the Chief Operating Officer, Chief Executive Officer, and the Principal. Additionally, Nardone serves as the Chief Executive Officer, principal, Chief Operating Officer, and Co-Founder of Founder of Fortress Registered Investment Trust.
Before joining Fortress Investment Group, Randal Nardone worked as a lawyer at Thatcher, Proffitt & Wood, a New York-based law firm. While working at the law firm, Nardone rose through the ranks to become one of the executives of the company. After a short stint in the field of law, he decided to venture out into the finance sector. He co-founded Blackrock Financial Management, which he propelled to success within a few years of his service as its principal. Later on, Nardone decided to join UBS, where he served as the managing director. He holds a J.D degree from Boston University Law School. He also attended the University of Connecticut, where he attained a degree in Biology and English. Randal Nardone has also served in many boards as the director. Some of the companies he has served include Florida East Coast Holdings, Alea Group Holdings Bermuda, Eurocastle Investment, Springleaf Finance, OneMain Holdings, Fortress Transportation and Infrastructure Investors, and Springleaf Finance Corporation among others.