Pioneer of U.S. Space Force to Help Lead Investments in Technology, Aerospace, and Defense Modernization
NEW YORK – May 17, 2023 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that (Ret.) General John W. “Jay” Raymond has joined Cerberus as a Senior Managing Director on the Firm’s Supply Chain and Strategic Opportunities platform.
General Raymond joins a team of investment professionals, technologists, operating executives, and policy experts to pursue investments in areas that advance supply chain and security integrity for the United States and its partner nations. In this role, he will focus primarily on technology, aerospace, and defense modernization investments and provide strategic guidance to the broader platform and its portfolio of investments, including in the space domain.
“General Raymond has deep technology expertise and strategic foresight relating to the future of supply chain integrity and security,” said Stephen Feinberg, Cerberus Co-Founder and Co-Chief Executive Officer. “We’re excited to have him join our team of experts as we continue to partner with companies that harness next-generation technologies and drive critical innovations.”
Gregory Nixon, Senior Managing Director and Head of Strategic Investments for Cerberus, added: “General Raymond has been a seminal figure in the advancement of our nation’s aerospace capabilities and space infrastructure. His experience and insights will be invaluable as we continue to invest in furthering innovative technologies, national security, and defense applications across our Supply Chain and Strategic Opportunities platform.”
General Raymond joins Cerberus after a distinguished career as a decorated military officer spanning 38 years of service in the United States Air Force and as a key architect of the United States Space Force. Most recently, General Raymond served as the first Chief of Space Operations of the United States Space Force, leading the military branch from its creation in 2019 until his retirement in 2022. As the highest-ranking officer in the Space Force, General Raymond held a seat on the Joint Chiefs of Staff and was responsible for organizing and overseeing the interests of the United States and allied nations in space.
General Raymond commented: “Cerberus is a renowned investor that is now at the vanguard of technology and security. With its approach of patient capital, subject-matter experts, and operational resources, I’m confident we can accelerate multi-dimensional value creation and innovation for partners. Now is a time of action and this is a powerful platform.”
Prior to the Space Force, General Raymond served in a number of key leadership positions, including as the Deputy Chief of Staff for Operations at Headquarters U.S. Air Force, as the Director of Plans and Policy at U.S. Strategic Command, and as the Commander of Air Force Space Command. His leadership and contributions have been recognized with numerous awards and decorations, including the Defense Distinguished Service Medal, the Air Force Distinguished Service Medal, and the Legion of Merit. General Raymond graduated from Clemson University in 1984 and later earned master’s degrees from the Naval War College and Central Michigan University.
Cerberus’ Supply Chain and Strategic Opportunities platform draws on the Firm’s integrated investment and operating expertise to advance companies and capabilities across supply chains. With dedicated funding and expertise across investment lifecycles, we invest in enterprising businesses that harness next-generation technologies, advance supply chain integrity, and strive to achieve commensurate growth and returns.
Founded in 1992, Cerberus is a global leader in alternative investing with approximately $60 billion in assets under management across complementary credit, private equity, and real estate strategies. We invest across the capital structure where we believe our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com