Presently, Fortress Investment Group has its operations divided into three significant divisions that is a private equity, permanent capital vehicles, along with the credit. For the credit division, it began operations in 2002, where Peter Briger was in charge of its activities. The division incorporates Fortress Secured Lending Fund, Fortress Japan Income Fund, Fortress Japan Opportunity Funds, Fortress Real Estate Opportunities Funds, Drawbridge Special Opportunities Funds, Fortress Credit Opportunities
Funds, Drawbridge Real Assets Funds, and Drawbridge Long Dated Value Funds.
With the global nature of investments and focus on non-cash and distressed investments along with undervalued resources. Under the capacity of co-chief investment leader at Fortress, Dean Dakolias joined Peter Briger in 2001. The Private Equity segment has its attention on cash flow genesis from control-dependent investments in North America, Western Europe, as well as the Caribbean. Wes Edens, together with Mr. Nardone, is responsible for this division.
Randal Nardone is a co-founder at Fortress and a part of the Management Committee from 1998. He has served as an interim chief executive officer in the firm for more than a year before getting the position permanently in 2013. His impact has been significantly felt in the subsidiaries of the firm. He has also taken the lead in subsidiaries such as Springleaf REIT, Seacastle, FMA LLC, FIG LLC, Florida East Coast Railway, FM Falstaff Advisors, Impac Commercial Holdings, Eurocastle Investment, and Newcastle Investment Holdings.
In 2007, Randal Nardone was on the World Billionaires List at Forbes Magazine. Before dedicating his career to Fortress Investment Group, he worked as a principal in the New York -based BlackRock Financial Management as well as managing director for UBS. Randal Nardone was a partner at Thacher Proffitt & Wood, which was a law firm in New York. He specialized in Biology and English at the University of Connecticut. He earned his Juris Doctor cum laude at Boston University School of Law.
The History of Fortress Investment Group
The three principals at Fortress Investment Group have been at the firm for quite a while, with two of them, Wes Edens and Randal Nardone, were founders. They all retained their responsibilities even after the acquisition of the firm.
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