April 18, 2019 · News
NEW YORK, April 18, 2019 – Cerberus Capital Management, L.P., (collectively with its affiliates, “Cerberus”), a global leader in alternative investing, today announced the close of approximately $5.1 billion of commitments for its global non-performing loan (“NPL”) strategy. Cerberus Global NPL Fund, L.P. (“Global NPL Fund”) initially targeted $3.5 billion in commitments and closed approximately $4.1 billion of commitments from existing and new limited partners. In addition to the Global NPL Fund, Cerberus raised over $1.0 billion of commitments in separately managed accounts (“SMAs”) for its global NPL strategy.