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 2,240 stressed and distressed investments, deploying more than $34 billion in total capital since inception of the platform.
With approximately 30 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, leveraging strong collaboration with investment professionals across our strategies and in-house operating teams.
Our Corporate Credit Edge
Experienced, Tenured Team
The senior members of our corporate credit team have an average tenure with Cerberus of over 15 years and substantial experience identifying, underwriting, sourcing, and managing complex distressed investments across multiple credit cycles.
We employ “private equity” style due diligence including company, industry, operational, and competitive evaluations with a focus on operational risk and opportunity.
We 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 investing at significant discounts to intrinsic value to seek to provide a margin of safety, rigorously underwrites downside scenarios, potential legal and structural protections, and actively develops hedging strategies to mitigate company, industry, and macro risks.
Cerberus Corporate Credit has invested more than $34 billion across multiple credit cycles.
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.