Fortress Investment Group and Mubadala, through its wholly-owned asset management subsidiary Mubadala Capital, entered into definitive agreements to acquire 90.01 percent of the equity of Fortress held by SoftBank Group Corp., who were the owners since 2017. After transaction close, Fortress management will own approximately 30 percent equity interest in the company and hold a class of equity entitling Fortress management to appoint a majority of seats on the board. Mubadala Capital, which currently holds a 9.99 percent stake in Fortress, will own 70 percent of Fortress equity.

Fortress will continue to operate as an independent investment manager under the Fortress brand, with full autonomy over investment processes and decision making, personnel and operations.

Under the new joint ownership, Fortress is expected to generate significant value for its stakeholders by further establishing itself in the alternative investment space, particularly in credit and real estate across public and private markets, where it currently manages USD 46 billion of assets on behalf of more than 1,900 institutional investors and private clients.

Fortress will benefit from Mubadala Capital’s global network and extensive portfolio of diversified assets, as well as its access to proprietary investment opportunities to support its growth and expansion.