Fortress Investment Group: Two Decades of Being a Top Private Equity Firm

The year 2018 marks the 20th founding anniversary of the Fortress Investment Group, a large private equity company headquartered in New York City. The company was founded by Wes Edens, Randal Nardone, and Rob Kauffman, and they are currently serving top executive positions for the company. In the United States, the existence of private equity firms is important because they provide startups and big businesses with financial assistance. They are also helping the business owners succeed, by providing them with reliable strategies on how to succeed in the industry. Aside from the services that the Fortress Investment Group provide, they are also known for managing assets coming from investors and important business clients, and they are doing their best to make it grow and earn through commission and other fees.

Because of the business reputation that they built through the years, the company became one of the top destinations for clients who wanted to invest their assets for positive growth.After the company was founded in 1998, the founders had a difficult start, because they couldn’t find someone who is willing to invest in their company. However, they never surrendered easily, and started to encourage investors and persuaded them to invest. The company started to gain additional assets until they reached the billion dollar mark. In 2007, the founders of the company decided to introduce the Fortress Investment Group in the stock market. They were able to sell $600 million worth of stocks and shares, and it also increased the company’s market value.

Because of the strategies developed by the founders of company, they were able to get through the periods of global recession, and they were awarded for the techniques that they developed to help them get through the economic recession.Today, the Fortress Investment Group manages assets worth more than $70 billion, and they are also helping other organizations which are looking for potential funding partners. In 2010, they helped the Olympic committee in Vancouver by funding the Olympic Village, and after the competition, the properties were handed to them. In 2015, the company was bought by a Japanese Conglomerate – the Softbank Group – for a reported amount of $3 billion.

Eric Lefkofsky- An Entrepreneur Who is Changing the World

Few entrepreneurs have had the success or impact on the business world that Eric Lefkofsky has had. Lefkofsky has built a billion dollar net worth by creating a number of thriving companies. He is perhaps most known as the co-founder and CEO of Tempus, one of the top providers of technology-enabled medical solutions. His Entrepreneurial ventures however go much further than Tempus. His business have impacted the entire world and continue to do so today.Eric Lefkofsky grew up in Michigan. Born to a Jewish family, he learned the value of hard work early from watching his parents.

His dad set the example daily by working as a structural engineer. Lefkofsky worked hard in school and was able to make his way to the University of Michigan where he graduated with honors. Just two years later he earned his second degree from University of Michigan Law School. Soon after graduation he would begin his journey as an entrepreneur.Lefkofsky first company was a partnership with his longtime friend Brad Keywell. The duo formed the clothing company Brandon Apparel. This however would be just the beginning for Lefkofsky.

He would go on to start several other companies including the following: InnerWorkings, Echo Global Logistics, MediaBank, and ThePoint.com. The Point.com would go on to become one of the most successful companies in history, today known as Groupon. In 2010 Forbes listed Groupon as the fastest growing company in history. It has generated billions of dollars and continues to be one of the most popular companies doing business today.Eric Lefkofsky is committed to using his working success to give back to his community. He and his wife began the the Lefkofsky Foundation in 2006. This charitable trust is committed to helping children across the globe. Furthermore Eric sits as a board member on several groups that use their resources to help the community.

Remarkable Contributions of Randal Nardone at Fortress Investment Group

Randal Nardone | Fortress Investment Group

Randal Nardone | Fortress Investment Group

Randal Nardone is a founding partner and one of the three main principals at Fortress Investment Group. He is also currently the Chief Executive Officer and Director at the alternative asset management firm. Nardone has been working in the firm since its establishment in 1998 together with Wes Edens and Rob Kauffman. Randal serves the CEO position since 2013 after his one year tenure as the acting Chief Executive Officer in the firm. He has been an active member to Fortress’s board of directors since late 2006.Moreover, Randal Nardone is committed in other leadership and management positions at other subsidiaries owned by the Fortress Investment Group. Some of the organization he serves includes the Eurocastle Investment, the Springleaf REIT, Newcastle Investment Holdings and Impac Commercial Holdings among others.

He is committed to ensuring that Fortress Investment Group is the most preferred alternative asset management Company globally.Upon his debut at Fortress Investment Group, Randal Nardone brought along deep knowledge and vast experience from his past positions in the industry. Before joining Fortress, Nardone served as a managing director at UBS, a renowned Swiss banking firm. Prior to this role, he worked at BlackRock Financial Management Company as a principal. He was also an active member and partner at Thatcher Proffitt & Woods law firm’s executive committee.The Fortress Investment Group principals (Randal Nardone, Wes Edens, and Peter Briger) are in support of the recent move by Softbank to acquire the company.

Softbank seeks to acquire Fortress at about 3.3 billion dollars in cash. Following the acquisition, the principals will continue leading investment firm and consequently invest half of their after-tax proceeds in the company.In 2007, Randal was featured in the World’s Billionaires listing by the Forbes Magazine. At this time he was worth about 1.8 billion dollars in total. It was the period preceding Fortress’s IPO earlier that year where he emerged as one of the Fortress Five.Mr. Nardone graduated from the Boston University Law School with a J.D. He also owns a Bachelor of Arts degree from the Connecticut University with a major in English and Biology. Nardone, who is in his early 60s, remains a skilled expert in the financial world.

Financial Revolution through Kevin Seawright

Kevin Seawright is the Founder and Chief Operating Officer of Real Property Solutions. He has served the public through various government positions he has held. Seawright holds an MBA degree from Almeda University and is also a graduate in Executive leadership from Mendoza College of business. Seawright began his career when he started working as a Managing Fiscal Officer for the City of Baltimore.

Since then, he has held several managing positions such as the Chief Financial Officer in the Department of Recreation and Parks and the Finance Director for the Department of Housing in Baltimore. Through his education and working experience, Kevin has developed vast knowledge in financial issues in addition to offering efficient personnel management.

Kevin has served in the public service as an Executive Director of Operations Collington Episcopal Life Care Community and later as the Chief Financial officer and Vice President for Newark Economic Development Corporation.

Being a brilliant economic strategist, Seawright has managed to develop his astral career. He holds an excellent reputation due to his success in company restructuring strategies across New Jersey.

As a renowned leader in financial and administrative processes, Seawright is recognized widely for his ability, and calculated vision to achieve business goals and also acquire new opportunities.

He has utilized his skills for more than 13 years in enhancing the lives of the communities living in the East Coast region. Kevin owns a unique combination of teamwork, private financial sector, government operations, and business acumen as well as outcome competence.

Above his career, Mr. Seawright has succeeded in reformulating business strategies that led to responsive accounting/finance divisions. These provide results by aligning the technological inventiveness with the latest organizational and economic goals.

He has also transformed the processes of revenue planning that have worked successfully for most contractors as well as their sub-contractors colleagues based in the mid-Atlantic area.

Kevin Seawright has enjoyed various accomplishments in his career. Amongst them, the ones that appeal most to me is the coagulation of the Human Capital sectors and revenue developments he did to make sure that he achieved an accurate projection of annual returns by roughly 25%. The two achievements imparted optimistically in many firms regarding service delivery to clients and general performance.

Learn more about Kevin Seawright:

https://www.linkedin.com/in/kevin-seawright-7869a052
http://vizualize.me/kevinseawright#.WOJjraK1uM8