Cerberus’ $5.1 Billion Fundraising for Global NPL-Dedicated Fund

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.

Involved fees earner: Jason Kaplan – Schulte Roth & Zabel; Alan Waldenberg – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Cerberus Capital Management, L.P.;

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Author: Ambrogio Visconti