Prosecutors examined whether Mark Walter's TWG Global misled Mubadala Capital about valuations tied to a $10 billion syndicated investment announced in April 2025, according to people familiar with the matter.
Mubadala Capital — an arm of Abu Dhabi's sovereign wealth fund — was an early focus of the inquiry, though it is unclear whether that line of investigation is still active.
TWG Global said it is aware of and cooperating with the investigation, while Group 1001 said its financial condition remains strong.
The scrutiny lands as Walter, recently approved by the NBA as Lakers majority owner, faces renewed attention over past allegations that affiliated insurers' money was used to fund high-profile sports investments.