Fortress management and Mubadala completed the acquisition of the remaining 90.01% stake in Fortress Investment from SoftBank for $3bn.

Fortress management and Mubadala, a sovereign wealth fund, completed the acquisition of the remaining 90.01% stake in Fortress Investment, a global investment manager, from SoftBank, an investment holding company, for $3bn. "Mubadala Capital and Fortress have developed a strong partnership since our initial investment in 2019. The completion of this transaction marks an important step forward as we seek to leverage our combined expertise and global networks to capitalize on emerging opportunities within the alternative investments space. Looking ahead, we are confident that collectively, we will unlock significant value creation opportunities and deliver superior risk adjusted returns to our investors and to Fortress’ stakeholders,” Hani Barhoush, Mubadala Capital CEO and Managing Director.