Mubadala Investment Company and Fortress Investment Group announced the signing of a $1 billion strategic partnership focused on credit and special situations co-investment opportunities.
The partnership seeks to deploy $1 billion from Mubadala in a range of Fortress’s existing private credit, asset-based lending and real estate strategies alongside Fortress’s existing pool of capital.
“Private credit continues to play an increasingly vital role in global capital markets, offering attractive risk-adjusted returns and providing flexible financing solutions for businesses. This partnership leverages the complementary strengths of both Mubadala and Fortress, providing access to a diverse range of credit and real estate strategies,” stated Omar Eraiqaat, deputy CEO of credit and special situations at Mubadala.
“This partnership with Mubadala will allow us to bring more scale to our franchise, with additional capital with which to execute our strong pipeline of private credit, asset-based lending, and real estate finance transactions,” noted Josh Pack, co-CEO of Fortress.
The investment in Fortress aligns with Mubadala Capital’s growth strategy as a global asset manager, which aims to develop long-term relationships with leading GPs, agree on a fair valuation for their business, and align with management while empowering them to continue managing their firm with access to the Mubadala ecosystem through LP capital and fundraising support.
“In conversations with our partners, we increasingly hear that they want tailored and scalable investment solutions that can enhance returns across the credit spectrum. At the same time, we’re seeking to expand borrowers’ access to capital by securing larger and more diverse pools of capital from investors. We’re pleased to be able to deliver on both those objectives through this partnership with Mubadala,” added Drew McKnight, co-CEO of Fortress.
