Schulte represented Cerberus Capital Management LP in raising $4.1 billion for the private investment firm’s first global fund dedicated to non-performing loans (“NPLs”).
Known as Cerberus Global NPL Fund, the fund will pursue investment opportunities in the multi-trillion-dollar NPL market in Europe, China, India, Brazil and elsewhere. Together with other related accounts, Cerberus raised $5.1 billion for the global NPL strategy.
The Schulte team representing Cerberus was led by investment management partner Jason Kaplan (Picture) and tax partner Alan Waldenberg.
Law Firms: Schulte Roth & Zabel;
Clients: Cerberus Capital Management, L.P.;