Category Archives: Co-Founder

Wes Edens Expands His Sporting Dynasty

To members of the financial industry, Wes Edens is best known as the founder of the Fortress Investments group and a number of other businesses. However, the international profile of the investment specialist recently jumped following his decision to begin building a sports ownership empire in the U.S. and the U.K. Alongside his long-standing interest in the Milwaukee Bucks NBA franchise, Edens has recently purchased a controlling interest in an English soccer team.

Aston Villa Football Club is one of the most historic in the U.K. with a long history of success including a single European Cup victory in the 1980s. In 2016, the 29-year stay of the “Villains” in the Premier League came to an end with relegation to the Championship and the financial problems this brings. Wes Edens is hoping his partnership with Egypt’s wealthiest individual, Nassef Sawiris who has taken an interest in a number if U.S.-based sports teams through his Bruins Sports Capital company. Learn more at newfortressenergy.com about Wes Edens

The purchase of the Aston Villa comes after Wes Edens led the Milwaukee Bucks to one of their most impressive periods on and off the court. The NBA franchise is celebrating returning to contention in the Eastern Conference and the opening of a brand new arena promised when Wes Edens took control in 2014. Aston Villa fans will be hoping for a similar resurgence for their club in the coming years after recording losses of over $100 million for the years 2016 and 2017.

Wes Edens made his personal fortune as the founder of the Fortress Investments group in 1998 when the brand had around $400 million in assets under management. By the end of March 2018, Fortress Investments had over $4 billion under management and was continuing to grow. After taking more of a backseat at Fortress in the last few years, Edens has been looking to develop new interests in green energy and the U.S. transport system through his Brightline rail service.


Source: https://www.bloomberg.com/research/stocks/private/person.asp?personId=372235&privcapId=3554707&previousCapId=666715&previousTitle=Fortress%20Investment%20Group%20LLC

 

Randal Nardone, the Experienced and Talented Hand at Fortress Investment Group

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 in 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. Read more on premiergazette.com

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. Visit https://www.bu.edu/law/2018/05/17/randal-nardone-80-featured-in-new-york-patch/