The Inside Story of Fortress’s Successful SPAC Business

The credit-driven firm now has three different blank-check companies searching for deals.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Fortress Investment Group is on the hunt for deals.

The credit-driven firm now has three different blank-check companies seeking merger partners, including two that closed fund raising and began trading earlier this month.

“We are at varying stages of dialogue,” confirmed Andrew McKnight, a managing partner of Fortress Credit and the chief executive officer of several of the firm’s SPACs.

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