CVC Said to Be Interested in Buying Mubadala-Backed Fortress (1)

CVC Capital Partners is interested in acquiring Fortress Investment Group, according to people with knowledge of the matter, as it seeks to expand in private credit.

The European private equity firm has held talks with Fortress and majority owner Abu Dhabi sovereign wealth fund Mubadala Investment Co., but the discussions aren’t currently active, said some of the people, all of whom asked not to be identified discussing confidential information.

CVC discussed options including buying control, with existing shareholders like Mubadala keeping a stake in the combined entity, the people said. Fortress, which has about $49 billion in assets ...