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Alternative Market Briefing

Cerberus raises $5.1bn for global nonperforming loans

Monday, April 22, 2019

Laxman Pai, Opalesque Asia:

Cerberus Capital Management closed its Cerberus Global Fund, a global real asset non-performing loan (NPL) fund, at $4.1bn, exceeding its $3.5bn fundraising target.

It has raised another $1bn in separately managed accounts for its global non-performing loan strategy, a Cerberus statement said.

With approximately $5.1bn 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 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.

"The global NPL opportunity represents a multi-trillion dollar market with attractive investment opportunities that few managers are equipped to pursue," the statement claimed.

In addition to significant opportunities in Europe, Cerberus believes long-term opportunities to invest in NPL portfolios exist in other parts of the world, including China, India, and Brazil.

Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate for Cerberus, said, "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 a......................

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