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Cerberus Business Finance Raises $4.4 Billion of Additional Capital for U.S. Direct Lending Strategy

Mar 09, 2021•over 4 years ago

Amount Raised

$4 Billion

Description

Cerberus Capital Management, L.P. (“Cerberus”) announced today that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (“Fund IV”). Fund IV closed with $2.4 billion of equity commitments and, in total, Cerberus Business Finance raised more than $4.4 billion of equity commitments for its strategy across Fund IV and separately managed accounts. Together with additional fund-level leverage commitments, this raise brings Cerberus Business Finance’s total capital to over $20 billion.

Company Information

Company

Cerberus

About

Founded in 1992, Cerberus is a global leader in alternative investing with approximately $53 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.

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