Shinning a light on Randal Nardone.

For an individual business professional to sit on the board of directors of the Florida East Coast Railway, Eurocastle Investment, Impac Commercial Holdings, FMA LLC, Seacastle, FM Falstaff Advisors, Newcastle Investment Holdings, FIG LLC among others he requires that golden touch that comes with experience. This however is true for Randal Nardone. He is one of the founding members of The Fortress Investment group and has been come be revered in business circles over the years together with Wesley R. Edens, and Rob Kauffman. His passion for business began when he joined BlackRock Financial Management from Thacher Proffitt & Wood a law firm where he was already a partner.

Randal Nardone had studied for his Juris Doctor degree at Boston University school of law. He would then join UBS as a managing director. He had always harbored the ambition of starting an asset management company which would be used as a private equity fund for his future investments.It was thus no surprise when together with his two colleagues brought together an initial investment of four hundred million dollars to start the fortress investment Group. His passion for the same has only grown since that time in 1998 and he was able to oversee the growth of this capital to almost 3.5 billion dollars within the first five years. This ensured that the group was steadily becoming one of the biggest held private asset management firms in the country. This saw him get elected to the board of directors in 2006 at a time when the group was experiencing rapid expansion and needed some steady hands at the helm.

The fortress investment Group would be listed on the New York Stock Exchange in 2007 being underwritten by Goldman Sachs and the Lehman Brothers. This saw Randal Nardone join the prestigious billionaires club as listed in Forbes Magazine at the time. Randal Nardone took over as interim CEO sometime back in 2011 and has continued to steer the group to larger acquisitions as well as mergers. He was at the helm when Fortress took over AIG’s American subsidiary and transformed it into what is today known as Springleaf Financial Holdings and serves as the current president and Chairman of the Board of Directors. Tokyo-based SoftBank Group bought fortress investment group for approximately 3.3 billion, which Randal Nardone referred to as a timely investment at a time when private equity funding was declining while Fortress was experience expanded business especially in its Asian market.

 

Important Facts You Should Know About Peter Briger Of Fortress Investment Group

Who is Peter Briger? Peter Briger is a renowned financial professional who lives in San Francisco, California. He is a well-known business leader across the globe with expertise in asset management. He studied at Princeton University where he bagged a Bachelor of Arts degree. Today, he holds an MBA from the Wharton School of Business, University of Pennsylvania. Currently, he is a board member of the Princeton University Investment Company. He serves as a board member in the Hospital for Special Surgery as well as Global Fund for Children. In 2002, he brought a vast wealth of experience to Fortress Investment Group when he joined the company. Details of his career at Fortress Investment Group and other experiences .Peter Briger Joined Fortress in 2002. He is the Co-Chairman as well as the Principal of Fortress Investment Group.

Although he became a director in 2006, he was appointed Co-Chair in August 2009. Today, he oversees the credit and real estate business of this revered global company. As a Co-Chairman since August 2008, he holds other key leadership positions in Fortress. Although Peter Briger joined Fortress in the year 2002 as a member of management, he has remained a vital asset. Before this, he worked for 15 years at Goldman Sachs. In 1996, he was made a partner in Goldman Sachs where he got exposed to asset management. While in Goldman Sachs, he oversaw the daily operations of several business sectors. In Goldman Sachs, he headed the trading business as well as the whole loan sales. While working in Goldman Sachs, he Co-Chaired the fixed income principal investment group. In the Global Control and Compliance Committee, he served as a committee member.He was an advisor in the International Finance Corporation. In this capacity, he handled distressed debt related matters.

Current Position of Forbes Billionaire’s list

Although a self-made billionaire, his is worth approximately $2.3 billion. He is the number 407th billionaire on the famous Forbes Billionaire’s list. After the public IPO of Fortress Investment Group in February 2017, he became a billionaire. Today, he has touched many lives through his philanthropic gestures.

What Philanthropic causes does he support?

Other than being a principal in Fortress Investment Group, he is an astute philanthropist. As a philanthropist, he supports the Central Park Conservancy. In fact, estimates show he has spent above $600 supporting this cause. More so, he is an avid supporter of causes that focus on the provision of quality education. He contributes towards causes that help children overcome societal vices as well as reduce poverty. The truth is; this revered world business leader has funded many lives-changing projects. An example is a Professorship at Princeton University.He serves as a Director in a Non-profit Organization called Tipping Point. This organization which operates in San Francisco helps low-income families to overcome poverty.