Investing in stressed and distressed corporate debt has been one of Cerberus’ core investment strategies since our inception. Cerberus’ Corporate Credit platform has made more than 2,480 stressed and distressed investments, deploying more than $36 billion in total capital since inception of the platform.1
With approximately 25 investment professionals across the globe, we invest in countries around the world at all levels of the capital structure from debt – first lien bank debt, second lien loans, and high-yield bonds – to undervalued equity. Our team employs a rigorous, fundamental driven, and value-oriented approach. We emphasize deep investment research and due diligence, with a focus on strong collaboration with investment professionals across our strategies and in-house operating teams.
Our Corporate Credit Edge2
Experienced, Tenured Team
The senior members of our corporate credit team have an average tenure with Cerberus of over 12 years and substantial experience identifying, underwriting, sourcing, and managing complex distressed investments across multiple credit cycles.
Fundamental-Driven Underwriting
We seek to employ “private equity” style due diligence including company, industry, operational, and competitive evaluations with a focus on operational risk and opportunity.
Cross-Platform Synergies
We seek to leverage Cerberus’ broad investment and operating platforms for industry expertise and contacts, company-specific insights, operational assessments, and asset valuation support.
Focus on Downside Mitigation
Our team focuses on identifying opportunities to invest at significant discounts to intrinsic value providing a margin of safety, rigorously underwrites downside scenarios, potential legal and structural protections, and actively develops hedging strategies in an effort to mitigate company, industry, and macro risks.
$36b
Cerberus Corporate Credit has invested more than $36 billion across multiple credit cycles.
1 Note: Investment and capital figures as of December 31, 2021. The HR figure of senior members includes all Managing Directors and Senior Managing Directors on the Corporate Credit team.
2 Descriptions herein of the Cerberus advantage are subject to a number of key assumptions regarding market conditions and the ability to attain investment objectives. There can be no guarantee that the investment strategy for any Cerberus-managed fund will be successful or that any of the advantages identified above will be realized to the benefit of any Cerberus-managed fund.
