+1-646-885-3029 Cerberus Raises $2.8 Billion for Flagship Global Opportunistic Real Estate Strategy NEW YORK - March 29, 2021 - Cerberus Capital Management, L.P., (collectively with its affiliates, "Cerberus") today announced the closing of approximately $2.8 billion of commitments for its flagship global opportunistic real estate strategy. The AUM calculation may vary if the fund is a commitment or evergreen fund, is in its Liquidation Period or Investment Period, and if there is fund-level leverage (excluding the subscription facility balances). The fund plans to invest in private equity assets, nonperforming loans, corporate credit and . These symbols will be available throughout the site during your session. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Together with additional fund-level leverage commitments, this raise brings Cerberus Business Finances total capital to over $20 billion. Fund IV closed with $2.4 billion of equity commitments and, in total, Cerberus Business Finance raised more than $4.4 billion of equity commitments for its strategy across Fund IV and separately managed accounts. Written by To find out more and to opt out of cookies please see settings. For the health and safety of everyone, our offices are temporarily closed to the public. For more information on Cookies please visit our Privacy Policy. It returned just 1.06 times its investors' capital as of the end of September 2019, according to a regulatory filing from NB Crossroads Private Markets Fund IV Holdings LLC, one of its investors. New and existing limited partners committed to the vehicle . Founded in 1992 by Stephen Feinberg and William Richter, Cerberus has more than $48 billion in assets under management spread across credit, private equity and real estate, according to its website. Grant Berlin, Global Head of Real Estate Fundraising, added: We are grateful for the backing of our longstanding limited partners and the trust of many new investors. The strategy will leverage Cerberus integrated investment platform and proprietary operating expertise to invest in direct assets, real estate companies, entities with significant real estate exposure, and real estate-related debt, including non-performing loan (NPL) portfolios. North America Cerberus Capital Management, L.P. 875 Third Avenue, 10th Floor New York, NY 10022 +1-212-891-2100 Cerberus Business Finance, LLC (Reuters) - Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday. As one of the most experienced direct lenders, the platform completed in 2019 and 2020 alone over 150 financing transactions totaling approximately $12.7 billion of credit facilities, the vast majority of which were in sponsor-led transactions as the lead agent. The Fund IV and additional commitments received are from new and existing investors that include government and corporate pensions, sovereign wealth funds, endowments, insurance companies, banks, asset managers, family offices, foundations, non-profit organizations, fund of funds, and high net worth individuals. For more information about our people and platforms, visit us at www.cerberus.com. Beginning in 1995 with predecessor entities, Cerberus Business Finance has deployed over $35 billion of capital to help middle-market companies grow and succeed in a wide variety of business contexts and industries. Founded in 1992, Cerberus is a global leader in alternative investing with approximately $53 billion in assets across complementary credit, private equity, and real estate strategies. (Reuters) - Cerberus Capital Management LP is seeking more than $3 billion for its latest flagship private equity fund to invest in distressed assets such as non-performing loans and ailing. | July 8, 2022 This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Nov 9 (Reuters) - Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in. Cerberus real estate platform manages approximately $26 billion of real estate-related assets supported by a team of more than 135 investment professionals and asset managers located in the United States, Europe, Asia, South America, and Australia. Cerberus Capital Management, the distressed investment specialist with $25 billion under management, is mulling a fundraising effort for its sixth flagship fund as early as this year, according to two sources. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Named after the Greek mythical many-headed dog that guards the gates of the underworld, Cerberus made its mark on Wall Street by investing in risky corporate debt, such as non-performing loans, as well as companies in need of a turnaround. Media Contact Torrey Leroy +1-646-885-3029 media@cerberus.com NEW YORK March 29, 2021 Cerberus Capital Management, L.P., (collectively with its affiliates, Cerberus) today announced the closing of approximately $2.8 billion of commitments for its flagship global opportunistic real estate strategy. It returned just 1.06 times its investors capital as of the end of September 2019, according to a regulatory filing from NB Crossroads Private Markets Fund IV Holdings LLC, one of its investors. Torrey Leroy The AUM referenced herein represents the total Cerberus Funds AUM, excluding co-investments, but, depending on the type of fund, the AUM calculation may or may not account for unfunded commitments, leverage or NAV. CIREP V received broad support from existing and new limited partners, surpassing its initial fundraising target of $2.0 billion. Cerberus Capital Management is nearing $3 billion for its flagship distressed debt and buyout pool, Cerberus Institutional Partners VI LP, after launching the effort in 2015, according to sources. Reuters->. Firm: Cerberus Capital Management Fund: Cerberus Institutional Partners VI LP Target: $3.5 bln Hard Cap: $4 bln Amount raised: Nearly $3 bln Placement Agents: Axius Partners Pty; Monument Group . The fund closed with more than $2.5 billion in commitments, with an additional $300 million committed to a dedicated investor fund for the strategy. Pisa (/ p i z / PEE-z, Italian: or) is a city and comune in Tuscany, central Italy, straddling the Arno just before it empties into the Ligurian Sea.It is the capital city of the Province of Pisa.Although Pisa is known worldwide for its leaning tower, the city contains more than twenty other historic churches, several medieval palaces, and bridges across the Arno. The New York-based firm, whose investments include U.S. supermarket operator Albertsons Companies Inc, , Japanese industrial conglomerate Toshiba Corp. , is in the early stages of raising Cerberus Institutional Partners VII, the sources said. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. (Reporting by Chibuike Oguh in New York Editing by Nick Zieminski), ((Chibuike.Oguh@thomsonreuters.com; +1-332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net)). Cerberus Capital Management LP is seeking more than $3 billion for its latest flagship private equity fund to invest in distressed assets such as non-performing loans and ailing companies that need to. Cerberus Institutional Real Estate Partners V, L.P. ("CIREP V") closed with more than $2.5 billion in commitments with an additional $300 million committed to a dedicated investor fund for the strategy. Cerberus Business Finances latest fundraise represents the continuation of its loan opportunities strategy, which seeks to provide financing solutions to U.S. middle-market companies across diverse industries. It's a joy to discover the nature that surrounds the city, starting with the Migliarino, San Rossore and Massaciuccoli Natural Park, which extends over the coast from Viareggio to Livorno.The Tenuta di San Rossore at the heart of the park, is the largest pine forest in Europe and stretches as far as the sea passing through immense . NEW YORK-- ( BUSINESS WIRE )--Cerberus Capital Management, L.P. ("Cerberus") announced today that its middle-market direct lending platform, Cerberus Business Finance, completed the final. Strictly Necessary Cookies are enabled to ensure our website operates properly, such as saving your preferences. Nov 9 (Reuters) - Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday. Cerberus Capital Management has secured $2.8 billion of commitments for its flagship global opportunistic real estate strategy, Cerberus Institutional Real Estate Partners V (CIREP V). And in September, the fund had reported 2.5% . Torrey Leroy media@cerberus.com. chibuike.oguh.thomsonreuters.com@reuters.net, Do Not Sell My Personal Information (CA Residents Only). These Analytics Cookies do not track or maintain individual User information. Cerberus eyes $3 bn global fund By Reuters 11 Nov 2020 Credit: Pixabay Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday. For a quarter of a century, we have provided premier financial sponsors and leading businesses with one-stop financing solutions. These Analytics Cookies do not track or maintain individual User information. The Leaning Tower has made Pisa famous all over the world, and in addition to the tower, the city offers many other interesting things to see worth at least an entire day - check out our 1 day in Pisa itinerary to plan your visit. From our headquarters in New York City and network of affiliate and advisory offices across the world, Cerberus has the on-the-ground presence to invest in multiple asset classes. Founded in 1992 by Stephen Feinberg and William Richter, Cerberus has more than $48 billion in assets under management spread across credit, private equity and real estate, according to its website. Citadel's flagship hedge fund has seen outstanding returns this year. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. The New York-based firm, whose investments include U.S. supermarket operator Albertsons Companies Inc ACI.N, Japanese industrial conglomerate Toshiba Corp 6502.T and German lenders Deutsche Bank AG DBKGn.DE and Commerzbank AG CBKG.DE, is in the early stages of raising Cerberus Institutional Partners VII, the sources said. All quotes delayed a minimum of 15 minutes. The AUM calculation may vary if the fund is a commitment or evergreen fund, is in its Liquidation Period or Investment Period, and if there is fund-level leverage (excluding the subscription facility balances). We greatly appreciate their continued confidence in us and our long-tenured team as we seek to build on our track record of success.. Founded in 1992 by Stephen Feinberg and William Richter, Cerberus has more than $48 billion in assets under management spread across credit, private equity and real estate, according to its website. Pisa should be explored beyond its historic center also. These cookies are necessary for our website to function properly and securely and cannot be switched off. In October alone, the fund was up 1.5%. The close of Fund IV is the latest milestone for our direct lending platform, commented Daniel Wolf, Chief Executive Officer of Cerberus Business Finance. NEW YORK March 9, 2021 Cerberus Capital Management, L.P. (Cerberus) announced today that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (Fund IV). The AUM referenced herein represents the total Cerberus Funds AUM, excluding co-investments, but, depending on the type of fund, the AUM calculation may or may not account for unfunded commitments, leverage or NAV. The ongoing support for our flagship real estate strategy is a testament to our experienced, long-tenured team and the confidence investors have in our platforms track record of success.. Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski. +1-646-885-3029 If you have won a prize from us we will be mailing it to you or will contact you with specific information needed to redeem your prize. In recent months, Cerberus has also established joint ventures with market-leading partners to build large scale, institutional platforms of industrial service facilities, logistics centers, and self-storage and cold-storage assets. When you first arrive at the beautiful Square of Miracles (Piazza dei Miracoli), your sight will be captivated by the magnificent Tower. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Type a symbol or company name. There are market dislocations and macrotrends that are driving compelling opportunities across our broad platform. For more information about our people and platforms, visit us at www.cerberus.com. Copy and paste multiple symbols separated by spaces. For more than a quarter of a century, Cerberus has been a leading investor in real estate and real estate-related assets. This Site uses cookies to provide Users with the best User experience. The investment landscape plays to the strengths of our global real estate franchise, said Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate. (Reuters) - Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday. The firm's previous flagship fund, Cerberus Institutional Partners VI, raised $4 billion in 2017, and has struggled to generate a profit. Strictly Necessary Cookies are enabled to ensure our website operates properly, such as saving your preferences. Our long-term clients are able to turn to us for certainty of transaction closure and terms, flexible capital structures, and speed of execution., Keith Read, President of Cerberus Business Finance, added, Our limited partners and leverage providers have experienced our consistent approach across business cycles and periods of market volatility and dislocation. media@cerberus.com. This Site uses cookies to store information on your device in order to provide you with the best user experience and to help improve the Services we offer through the Site. To find out more and to opt out of cookies please see settings. Our team will continue our disciplined approach to investing opportunistically, establishing innovative partnerships, and applying our operating capabilities and experience to solve complex problems.. Cerberus Business Finance currently manages over $16 billion of loans across more than 140 U.S. middle-market companies. The New York-based firm, whose investments include U.S. supermarket operator Albertsons Companies Inc , Japanese industrial conglomerate Toshiba Corp and German lenders Deutsche Bank AG and Commerzbank AG , is in the early stages of raising Cerberus Institutional Partners VII, the sources said. It returned just 1.06 times its investors capital as of the end of September 2019, according to a regulatory filing from NB Crossroads Private Markets Fund IV Holdings LLC, one of its investors. General Information Description Cerberus closed its fifth flagship fund at $2.16 billion in May, 2013. That Cerberus fund succeeded Cerberus Institutional Partners V, which amassed $2.6 billion in 2012 and delivered 1.7 times its investors money as of the end of March 2020, according to one of the investors, the California Public Employees Retirement System. (Reporting by Chibuike Oguh in New York; Editing by Nick Zieminski). By keeping Analytics Cookies enabled we are able to improve the Site and the User experience. 2022 Cerberus Capital Management, L.P. Assets Under Management ("AUM") is as of March 31, 2022. That Cerberus fund succeeded Cerberus Institutional Partners V, which amassed $2.6 billion in 2012 and delivered 1.7 times its investors money as of the end of March 2020, according to one of the investors, the California Public Employees Retirement System. By Les Shaver | March 30, 2021 at 06:39 AM Cerberus Capital Management closed. That Cerberus fund succeeded Cerberus Institutional Partners V, which amassed $2.6 billion in 2012 and delivered 1.7 times its investors' money as of the end of March 2020, according to one of the investors, the California Public Employees' Retirement System. Founded in 1992, Cerberus is a global leader in alternative investing with over $50 billion in assets across complementary credit, private equity, and real estate strategies. In October alone, the fund was up 1.5%. The firm's previous flagship fund, Cerberus Institutional Partners VI, raised $4 billion in 2017, and has struggled to generate a profit. The fund will focus on making 75 to 150 controlling turnaround investments in middle-market assets. Type a symbol or company name. By continuing to use this Site you consent to the placement of cookies on your device. 9 Mar, 2021 Cerberus Business Finance closes Fund IV with $2.4B of equity commitments Author Abby Latour Theme Leveraged Finance & High Yield Banking Cerberus Business Finance LLC has held a final close on its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV, with $2.4 billion of equity commitments, the company said today. In aggregate, it has provided innovative lending solutions to more than 250 financial sponsors, the majority of which are repeat clients, and completed loan transactions with over 1,000 borrowers. This Site uses Analytics Cookies to collect anonymous User information such as the number of visitors to the Site and the most popular pages on the Site. Create your Watchlist to save your favorite quotes on Nasdaq.com. Named after the Greek mythical many-headed dog that guards the gates of the underworld, Cerberus made its mark on Wall Street by investing in risky corporate debt, such as non-performing loans, as well as companies in need of a turnaround. By continuing to use this Site you consent to the placement of cookies on your device. For more information about our people and platforms, visit us at www.cerberus.com. Named after the Greek mythical many-headed dog that guards the gates of the underworld, Cerberus made its mark on Wall Street by investing in risky corporate debt, such as non-performing loans, as well as companies in need of a turnaround. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. From the 12 October until the 10 November, it is possible to submit your application to obtain financing for logistics contracts in the . It returned just 1.06 times its investors' capital as of the end of September 2019, according to a regulatory filing from NB Crossroads Private Markets Fund IV Holdings LLC, one of its investors. By keeping Analytics Cookies enabled we are able to improve the Site and the User experience. The New York-based firm, whose investments include U.S. supermarket operator Albertsons Companies Inc ACI.N, Japanese industrial conglomerate Toshiba Corp 6502.T and German lenders Deutsche Bank AG DBKGn.DE and Commerzbank AG CBKG.DE, is in the early stages of raising Cerberus Institutional Partners VII, the sources said. CIREP V received broad support from existing and new limited partners, surpassing its initial fundraising target of $2.0 billion. You can set your browser to block or alert you about these cookies, but doing so may cause parts of our site to not work properly. Cerberus Institutional Real Estate Partners V, L.P. ("CIREP V") closed with more than $2.5 billion in commitments with an additional $300 million committed to a dedicated investor fund for the. You can set your browser to block or alert you about these cookies, but doing so may cause parts of our site to not work properly. Cerberus Raises $2.8B for Opportunistic Real Estate Fund The fund surpassed its initial target of $2 billion. This Site uses Analytics Cookies to collect anonymous User information such as the number of visitors to the Site and the most popular pages on the Site. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2022, Nasdaq, Inc. All Rights Reserved. Chibuike Oguh for The firms previous flagship fund, Cerberus Institutional Partners VI, raised $4 billion in 2017, and has struggled to generate a profit. The Firm is one of the largest and most experienced investors in NPL portfolios, partnering with top financial institutions around the world. The new incentive promoted by MIPAAF and managed by Invitalia starts on 12 October The new incentive is dedicated to the agri-food, fishing and aquaculture, forestry, floriculture and nursery sectors. The New York-based firm, whose investments include U.S. supermarket operator Albertsons. The firms previous flagship fund, Cerberus Institutional Partners VI, raised $4 billion in 2017, and has struggled to generate a profit. See here for a complete list of exchanges and delays. It returned just 1.06 times its investors' capital as of the end of September 2019, according to a regulatory filing from NB Crossroads Private Markets Fund IV Holdings LLC, one of its investors. Schulte represented Cerberus Capital Management LP in raising $4 billion for the private investment firm's sixth flagship multi-strategy fund, Cerberus Institutional Partners VI LP, which received commitments from more than 150 investors globally. Cerberus Capital Management LP has closed its sixth flagship fund at a hard cap of $4 billion. This Site uses cookies to store information on your device in order to provide you with the best user experience and to help improve the Services we offer through the Site. For more information on Cookies please visit our Privacy Policy. Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of These cookies are necessary for our website to function properly and securely and cannot be switched off. Cerberus Institutional Partners VI LP closed at $4 billion, exceeding its $3.5 billion target, the firm announced. Cerberus Capital Management has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, two sources said, bringing the. (Reuters) - Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday. 2022 Cerberus Capital Management, L.P. Assets Under Management ("AUM") is as of March 31, 2022. Feel free to call us with questions during weekday business hours at (616) 392-3121. (Reuters) Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial distress, people familiar with the matter said on Monday. (Reuters) - Cerberus Capital Management LP is seeking $3 billion for its latest flagship fund, which will pursue investments ranging from private equity to the debt of companies in financial. Cerberus Institutional Real Estate Partners V, L.P. (CIREP V) closed with more than $2.5 billion in commitments with an additional $300 million committed to a dedicated investor fund for the strategy. Our Standards: The Thomson Reuters Trust Principles. This Site uses cookies to provide Users with the best User experience. The firm's previous flagship fund, Cerberus Institutional Partners VI, raised $4 billion in 2017, and has struggled to generate a profit. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks.