The Portuguese bank was bailed out in 2014 with €4.9bn from the central bank of Portugal.
The IPO market could see a revival in 2017.
The Chinese firm also owns City Football Group as well as media rights to broadcast China’s national football games.
The New York-based investment manager will continue to operate within SoftBank as an independent business with Fortress’s senior investment professionals remaining in place.
Family offices in the region continue to have a positive view of private equity but increasingly prefer co-investments with their peers than invest in fund managers.
The firm has sold its remaining stake in the niche Swedish lender it acquired from Palamon Capital Partners in 2010.
Capital allocation in North America has more than tripled since 2007 while investments into Europe have stagnated, a report from S&P Global Market Intelligence revealed.
Pension Investment Corporation, which was founded by Edi and Danny Truell and backed by JC Flowers, will be the third asset in CVC’s longer-hold Strategic Opportunities platform.
Softbank is in the ‘last phase’ of raising a giant tech-focused fund. How does it compare with what is out there already?
Blackstone initially considered investing out of its long-term fund, Blackstone Core Equity Partners, instead of its seventh buyout fund.
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