Randal Nardone co-founded the Fortress Investment Group in 1998, along with his close friends Wes Edens and Rob Kauffman. They established the company with a lot of confidence, knowing that it would develop into a successful business in the financial sector. Being a key figure in the company, Randal Nardone contributed his knowledge on how the company could develop unique strategies that would make them more competitive in the market. Randal Nardone also used his skills to persuade people in investing at the Fortress Investment Group, and years after the company was established, the assets that they are managing grew to a billion. Knowing that they can still earn more profit from their business, the co-founders of the Fortress Investment Group started to become more aggressive when it comes to persuading investors in working with them, showing them how the company could change their lives. Many people were impressed as to how the company manage their assets, and because of word of mouth advertising, a lot of new clients came, willfully investing their assets to the company and more
Their effective management at the Fortress Investment Group opened new doors for growth. Opportunities came left and right, and the co-founders of the company grabbed everything for the sake of the company. The Fortress Investment Group debuted at the NYSE in 2007, and they sold 8% of the company to the public through an IPO. It was equivalent to $600 million worth of shares, and it boosted the company’s performance in the market, drawing in additional investors as their company value skyrocketed. Through effective management and strategic development, the co-founders of the company managed to save the Fortress Investment Group from the global recession that crippled financial companies around the world. They have a detailed plan on what to do whenever a similar scenario took place, and they were awarded a few years on for their effective strategy in dealing with economic recessions.
The Fortress Investment Group is currently under the ownership of the Softbank Group, after the private equity firm was purchased for $3 billion. Randal Nardone continues to fulfill his role as the company’s chief executive officer.