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Mubadala Seeks Co-Investors For Fortress In Effort To Clear US Security Review

Published by: dailynews
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Mubadala Investment Co. is testing US investor interest in taking a stake in Fortress Investment Group as it aims to obtain regulatory sign-off on a deal to obtain most of SoftBank Group’s ownership, according to people with knowledge of the matter.

The Abu Dhabi sovereign fund is talking to investors including some US pension funds in an effort to reduce its expected 70% stake in Fortress, according to the people, who asked not to be named discussing confidential negotiations.

Mubadala is also looking to secure commitments to the next private equity fund managed by Mubadala Capital, its $20 billion asset management subsidiary.

Read the full story on Bloomberg here.