Randal Nardone, who is currently ranked 557th on the 2007 edition of Forbe’s list of billionaires, is the chief executive officer for the Fortress Investment Group LLC – an investment management company which he co-founded with Wesley R. Edens and Rob Kauffman. Prior to co-founding Fortress, Randal Nardone worked as a partner to a legal firm named Thacher Profit and Wood before gaining an interest and a passion for the financial services industry.
After gaining an interest in the financial services industry Randal Nardone went on to work for BlackRock Financial Management where he was principal. In May of 1997, he then went on to work as the managing director of UBS before co-founding Fortress in 1998. When Fortress was among the first of its kind to go public in 2007 it launched Randal Nardone to billionaire status. Visit angel.co to learn more about Randal Nardone
In terms of education, Randal Nardone received his Bachelor’s of the Arts in Biology and English from the University of Connecticut. Nardone has also received his Juris Doctor degree from the University of Boston. Despite not having anything to do with his education Nardone has proven himself to be very capable in the financial services industry and is among one of the most respected people in the industry.
In 2017 Japanese telecommunications and internet company SoftBank purchased Fortress for an astounding 3.3 billion dollars. This was seen as an unusual move by SoftBank as most of their previous investments were in technology companies. However, SoftBank made the decision to purchase Fortress in hopes that the financial management expertise would help SoftBank to boost their SoftBank Vision Fund, an at-the-time theoretical 100 million dollar investment fund.
The purchase of Fortress was also hoped to help SoftBank expand its area of expertise and generally have the financial service company as a diversification not only of investment type but also of the skillset that SoftBank would gain from purchasing the company. In response to the purchase of his company Nardone was hopeful and thought that it would help Fortress to grow in the future, citing that the move had reinvigorated investor interest in the company.
Learn more: https://discoverorg.com/directory/person/randal-nardone/5552352
Prior to his start at Fortress, Randal Nardone received his undergraduate degreeYour text to link… in science from the University of Connecticut. In addition to this, he received a J.D. at the Boston University of Law. He held a position as a managing director for UBS, principal of BlackRock Financial Management as well as being a partner and member of the executive committee at the law firm of Thatcher Proffitt & Wood. In 1998, he was named the co-founder and principal of Fortress. Randal Nardone is the principal and director of Fortress Credit Corporation on top of being the president and chairman of Springleaf Financial Holdings LLC. In 2006, Randal Nardone was named the co-founder, principal and director of Fortress Investment Group LLC as well as the director of Eurocastle Investment Limited. In 2007, he was named the non-executive director of Alea Group Holdings Bermuda Limited and he was also on the Forbes World’s Billionaires List being worth $1.8 billion. In 2008, he was named the director of Florida East Coast Holdings Corp. In 2010, Randal Nardone was named the director of Springleaf Finance Incorporated. In 2011, he was named the director of Springleaf REIT Incorporated. He was named the interim Chief Executive Officer from 2011 all the way to 2013. In 2013, he was named the Chief Executive Officer of Fortress Investment Group LLC. He holds a position as the president of NCS 1 LLC and he also holds a position as Vice President and Secretary of Newcastle Investment Holdings LLC. He held a position as director of Fortress Transportation and Infrastructure Investors LLC until 2015. Softbank attained Fortress for $3.3 billion in order to have a better hold on the private-equity aspect of the business world. Mr. Nardone was glad to do business with Softbank as he saw it as an opportunity to expand the company’s brand and reach more potential clients.
To learn more:https://www.bloomberg.com/research/stocks/private/person.asp?personId=372241&privcapId=28116285
Michael Hagele is a California-based investor and corporate counsel who work in the technology industry. He graduated from University of Iowa with a B.A and also has a J.D from University of California, Berkeley. Currently, he acts as a counsel for technology firms in industries such as internet, defense, biotechnology and aerospace. He invests in startups tech firms and has further funded and founded multiple businesses in the restaurant and hospitality industries.
Michael has extensive experience drafting, negotiating and closing technology development agreements and licensing distribution in both international and domestic internet, software, telecommunications and hardware fields. Before his current practice, Michael Hagele served as the general counsel for several internet companies where he was managing legal affairs including corporate governance, intellectual property strategy, stock plan administration, employment issues and merger & acquisition activity. He previously worked for the Silicon Valley offices in Fenwick& West LLP, where he was stationed at the Licensing & Online Commerce Group. Learn more about Michael at Crunchbase.
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Michael Hagele is a corporate counsel that is out to help businesses in the technology industry and other industries as well. His practice has benefited many businesses and there is always a vital lesson to learn from him.