Cerberus Closes $5.1 Billion of Commitments for Global NPL Strategy

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

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.

The global NPL opportunity represents a multi-trillion dollar market with attractive investment opportunities that few managers are equipped to pursue. In addition to significant opportunities in Europe, Cerberus believes compelling long-term opportunities to invest in NPL portfolios exist in other parts of the world, including China, India, and Brazil.

With approximately $5.1 billion in total commitments, Cerberus expects to continue its track record as one of the largest and most experienced NPL investors in the world. Cerberus NPL platform is supported by its industry-leading investment team with 46 investment professionals that work in concert with Cerberus proprietary servicing platforms, including Cerberus European Servicing, along with Cerberus third-party servicing partners in local jurisdictions.

We greatly appreciate the support from our existing limited partners, as well as our new investors, who recognize our proven track record investing in NPLs across geographies and business cycles, commented Seth Plattus, Chairman of the Cerberus Capital Formation Committee.

Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate for Cerberus, added, We have built an industry-leading NPL platform with the expertise, resources, and scale to partner with leading banks and provide best-in-class servicing. We are uniquely positioned to benefit from the strong NPL opportunities around the world and we look forward to continuing to be a trusted, strategic partner to financial institutions.

While the firm has managed single-strategy NPL funds for SMAs and invested in NPL portfolios from its flagship multi-strategy funds, the Global NPL Fund is Cerberus first dedicated NPL fund. Over the past two decades, Cerberus has executed more than 215 NPL transactions across 17 countries globally, with a total transaction size in excess of $65 billion. Since 2013, Cerberus has been the leading purchaser of European NPL portfolios, investing approximately $15 billion in equity.

About Cerberus

Founded in 1992, Cerberus is a global leader in alternative investing with approximately $39 billion in assets across complementary credit, private equity, and real estate strategies. 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. 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.

Media
Torrey Leroy
Cerberus Communications
1-646-885-3029
[email protected]