Fortress Makes More Blank-Check Company Bets

The alternatives giant is raising money for its second special purpose acquisition company in three months while it looks to close its second deal this year.

July 27, 2020

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Fortress Value Acquisition Corp. announced a merger with MP Materials earlier this month. (Joe Buglewicz/Bloomberg) — Fortress Value Acquisition Corp. announced a merger with MP Materials earlier this month.

In a booming year for blank-check companies, Fortress Investment Group is emerging as one of the busiest sponsors of the increasingly popular investment structure this year.

The alternative investments giant is now raising money for its second special purpose acquisition company, or SPAC, in three months and its third overall.

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