Cerberus Business Finance raises $ 4.4 billion in additional capital for its direct lending strategy in the United States
Cerberus Capital Management, LP (“Cerberus”) today announced that its mid-market direct lending platform, Cerberus Business Finance, has completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (“Fund IV “). Fund IV closed with $ 2.4 billion in equity commitments and in total Cerberus Business Finance raised over $ 4.4 billion in equity commitments for its strategy through Fund IV and accounts managed separately. With additional leverage commitments at the fund level, this increase brings the total capital of Cerberus Business Finance to more than $ 20 billion.
Cerberus Business Finance’s latest fundraising represents the continuation of its lending opportunities strategy, which aims to provide financing solutions to mid-market US companies in various industries. Fund IV and additional commitments received come from new and existing investors including government and company pension plans, sovereign wealth funds, endowment funds, insurance companies, banks, asset managers , family offices, foundations, non-profit organizations, funds of funds and high net worth individuals.
“The closing of Fund IV is the latest milestone for our direct lending platform,” commented Daniel Wolf, CEO of Cerberus Business Finance. “For a quarter of a century, we have provided major financial sponsors and leading companies with one-stop financing solutions. Our long-term clients can look to us for certainty of closing and trading conditions, flexible capital structures and speed of execution. “
Keith Read, President of Cerberus Business Finance, added: “Our sponsors and leverage providers have experienced our consistent approach through economic cycles and times of volatility and market dislocation. We greatly appreciate their continued confidence in us and our longtime team as we seek to build on our track record of success. “
Cerberus Business Finance currently manages over $ 16 billion in loans to more than 140 US mid-market companies. As one of the most experienced direct lenders, the platform alone completed in 2019 and 2020 more than 150 financing transactions totaling approximately $ 12.7 billion in credit facilities, the vast majority of which were transactions. led by sponsors as principal agent.
Since 1995 with its predecessors, Cerberus Business Finance has deployed more than $ 35 billion of capital to help mid-market companies grow and succeed in a wide variety of business contexts and industries. In total, he has provided innovative lending solutions to over 250 financial sponsors, the majority of whom are loyal customers, and has completed loan transactions with over 1,000 borrowers.
Founded in 1992, Cerberus is a global leader in alternative investing with approximately $ 50 billion in assets through complementary credit, private equity and real estate strategies. We invest across the entire capital structure where our integrated investment platforms and proprietary operating capabilities create an advantage to improve performance and generate long-term value. Our permanent teams have experience of working collaboratively across asset classes, sectors and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and our platforms, visit us at www.cerberus.com.
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