Deals
Brown University, BTG Pactual Said to Near Fortress Investment
- Mubadala has been sounding out co-investors amid US review
- The Abu Dhabi sovereign wealth fund agreed to deal in May
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Brown University and Brazil’s BTG Pactual are in advanced talks to invest in Fortress Investment Group alongside Mubadala Investment Co. as part of the Abu Dhabi sovereign wealth fund’s acquisition of a majority stake in the alternative asset manager.
The talks come as the Committee on Foreign Investment in the US continues to review the proposed transaction, according to people familiar with the matter, who requested anonymity to discuss confidential information. Mubadala has been testing minority investor interest in Fortress for months as it aims to obtain regulatory sign-off on the deal.