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05 Nov 2025

Kirkland Advises Fortress Funds on $500 Million Strategic Investment in Ripple

"Kirkland & Ellis advised funds managed by affiliates of Fortress Investment Group on their participation in a $500 million strategic investment in Ripple, valuing the fintech at $40 billion. Fortress led the round alongside five other institutional investors."

Kirkland & Ellis represented funds managed by affiliates of Fortress Investment Group in connection with their participation in a $500 million strategic investment in Ripple. The transaction comprises a $500 million strategic investment that values Ripple at $40 billion. Fortress Investment Group led the financing round, joined by five other institutional investors. Ripple is a financial technology company that offers crypto solutions for businesses. Kirkland & Ellis represented funds managed by affiliates of Fortress Investment Group with a team composed by: Kevin Crews (corporate), H.T. Flanagan (debt finance), Adam Wojcik (corporate), Jack Messer (corporate), Jennifer Lee (capital markets), Mark Schwed (tax) and Daniella Wenger (tax).
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