Monthly Archives: July 2018

Randal Nardone: A pillar for Fortress Investment Group, LLC

Randal Nardone is a co-founder of Fortress Investment Group. The company was founded in 1998 he has faithfully served as the chief executive officer in the same firm since 2013. He became Fortress principal upon the founding in 1998. Randal Nardone is the principal of the Fortress Credit Corporation. He serves in various dockets and capacities. He is the president of Ncs 1 Inc. Moving on, Mr. Randal works as the chairman and president of Springleaf Financial Holdings. He is the secretary and vice president of the Newcastle Investment Holdings LLC. The breakdown of his service is as described. He is a board member in a number of sittings. At Fortress Credit Corporation, he serves as the director and principal. Since 2006, Randal has been the principal, co-founder, and director of the Fortress Investment Group. He became the director Eurocastle investment Limited in 2006 and he continues to serve.

In the preceding year 2007, Randal was appointed as the non-executive director of the Alea Group Holdings Bermuda Limited. He continued to serve in 2008 as the director of Florida East Coast Holdings Corporation. At Springleaf Finance Inc., Randal Nardone is the director since 2010. He is the dereactor of the board for Springleaf REIT Inc. Since 2011. Randal Nardone went to the University of Connecticut where he obtained a Bachelor of Arts and later went to Boston University School of Law and attained a Juris Doctorate. Mr. Randal is affiliated with very many companies and organization either directly or through the Fortress investment family. He is not mean with his services and that is what causes his high demand in a number of institutions. Fortress Investment Group is a global investment firm that has assets under the management worth $70.2 billion.

The company manages the asset for their private investors and institutional clients who exceed 1,800. It provides services in line with real estate, asset management strategies, credit, and private equity among others. In the last year highlights, Fortress was would be acquired by SoftBank. The shareholders approved this. This was announced through a special meeting with the shareholders and they voted in favor to adopt the proposal that was placed earlier on the merger agreement with SoftBank Group Corporation. However, the firm executives assured the investors that the company would continue to operate as an independent firm altogether. The leadership would remain and the headquarters would not be moved from New York. This is a new face for Fortress Investment Group set to bring a better outcome.

The Contributions of Wes Edens

The idea of wealth creation is actualized through networking and teaming up with people whom you share goals with. This is what Wes Edens demonstrated during the formation of Fortress Investment Group. Wes teamed up with his colleagues from different companies he had worked with. The other two founders were Rob Kauffman and Randal Nardone.The objective of the company was to satisfy a market niche as an equity firm. This idea proved successful and the company upgraded to real estate investment, debt securities, and hedge funds. Under the guidance of Wes Edens and his colleagues, Fortress Investment Group has grown rapidly as the years have passed. From the year 1999 to 2006, the private equity funds of the company had netted 39.7%. Wes Edens was ranked the nine hundredth and sixty-seventh, richest person on earth by Forbes magazine. At that time, he had a net worth of 1.2 billion dollars.

He received a bachelor’s degree in finance and business administration from the Oregon State University. After completion of his bachelor’s, he kicked off his career at Lehman Brothers. From 1987 to 1993, he was a partner at Lehman Brothers. Wes Edens was also the managing director during the same period. He later joined BlackRock for four years. He was responsible for the private equity department. Managerial responsibilities at the company were under his jurisdiction. After this phase, Fortress Investment happened. His entrepreneurial skills would then come out in the open as the company they co-founded flourished. Fortress Investment Group was successful because the founders had previously worked together. The chemistry needed, was already existing.

Good leaders lead by example. Not all managers are leaders, but for Wes, he is both a leader and a manager. The success he has achieved motivates those around him to do better. Fortress Investment Group became the first publicly traded buyout firm in 2007. At the initial public offering at the New York Stock Exchange, eight per cent of the shares were sold at 600 million dollars. Wes Edens became a paper billionaire in 2006 after a Japanese company bought 17 % of the shares at 888 million dollars. In 2009, he became the Co-Chairman of the board at Fortress Investment. He was behind the acquisition of Springleaf Financial by Fortress Investment.Wes has also invested in a sports team. He owns the NBA franchise, Milwaukee Bucks, Wisconsin. He has prospects in professional video gaming. Fly Quest, a league of legends team, is owned by Edens.

Sheldon Lavin: An Expert in Building Business Empires

Sheldon Lavin is the current CEO and Chairman of OSI Group, a global food manufacturing company. He began his career with Otto & Sons during the 1970s. Lavin worked as a financial consultant when he received a contract with Otto & Sons. His expertise assisted the company with expanding Otto & Sons around America in one year. Later, he assisted the company in their expansion around the globe.

Lavin achieved a status as a partner of the Kolschowsky brothers in the company. The company benefited from the experience Sheldon Lavin joining the company. Lavin brought expertise as a leader in the banking industry and as an investor. Lavin acquired half of the company after a Kolschowsky brother sold his portion of the organization. Later, Lavin obtained voting control after the last brother retired. Currently, the OSI Group has over 65 sites globally.

Lavin operates the OSI Group in a systematic manner. Sheldon Lavin is 85 years old and does not have intentions to slow down. Lavin is an expert in the area of corporate finance, which assists large corporations in the food sector with operating their businesses. Areas which Lavin monitors include the preferences of customers, resource limitations, and developments in technology. Decisions are made at OSI Group by capitalizing on the knowledge of the staff within the company. Sheldon Lavin provides the staff with delegated authority which allows him to operate the company without performing considerable research. Subject matter experts have provided insight to Lavin which have allowed him to prepare for supply shortages. This is the type of leadership style Lavin has utilized for half a century in his career.

Lavin regards himself as a global citizen. He has defied the norm of the food processing industry and earned the respect of young business owners. Under Sheldon Lavin’s leadership, OSI Group has given to environmental causes. He enjoys contributing to charitable causes for areas such as children’s charities, medical research, and scholarship funds.

For details: angel.co/sheldon-lavin