Fortress Investment Group Makes $130M Minority Investment in Nassau Financial Group

Fortress Management and Mubadala Capital Acquire Fortress Investment Group from SoftBank

May 19, 2024

Financial Services

Fortress management and a consortium led by Mubadala Capital have completed the acquisition of SoftBank Group's 90.01% stake in Fortress Investment Group. Under the transaction, Fortress management holds a 32% equity interest (with board control rights) and the Mubadala-led consortium owns 68%; terms were not disclosed and Fortress will continue to operate independently.

Fortress, Canyon Partners and Others Invest $228M in First Foundation

July 9, 2024

Financial Services

First Foundation closed a $228 million equity financing with investments from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. The company issued common and preferred shares and seven‑year warrants in the transaction; Jefferies served as exclusive placement agent. The capital is intended to strengthen First Foundation's balance sheet and support its growth as a regional bank and wealth manager.

GLASfunds Acquires Fund Formation Group

September 7, 2023

Wealth Management

GLASfunds, a turnkey alternative investment platform based in Cleveland, has acquired Fund Formation Group, a Texas-based firm that launches and operates fund structures for RIAs and wealth advisors. As part of the deal, FFG founder Thomas Haynes will join GLASfunds as Director of Business Development and GLASfunds will service FFG clients while expanding its presence in the Dallas area.

Warburg Pincus Takes ~24% Stake in Fortegra via $200M Investment in Tiptree Subsidiary

October 12, 2021

Insurance

Warburg Pincus is making a $200 million strategic minority investment to acquire approximately 24% of The Fortegra Group, LLC, the specialty insurance subsidiary of Tiptree Inc. The capital injection is intended to recapitalize the business, accelerate Fortegra's growth across admitted and E&S specialty lines, and support repayment of indebtedness.

Hg Acquires Majority Stake in Fonds Finanz

December 10, 2021

Financial Services

Hg has made a majority investment in Fonds Finanz, a Munich-based tech-enabled financial intermediary pool serving insurance brokers, distributors and banks across Germany. The partnership will fund further technology investment, capability expansion into additional customer segments and potential add-on acquisitions to broaden Fonds Finanz's service offering.

Bain Capital Acquires 24.98% Stake in IIFL Wealth Management

March 30, 2022

Financial Services

Bain Capital agreed to acquire a 24.98% equity stake in IIFL Wealth Management Ltd from General Atlantic Singapore Fund Pte. Ltd. and FIH Mauritius Investments Ltd (a subsidiary of Fairfax India Holdings Corporation). The minority investment will support IIFL Wealth's continued growth across wealth and alternative asset management in India and is subject to customary regulatory approvals.