Cerberus Institutional Real Estate Partners V’s $2.8 Billion Fundraising

Schulte represented Cerberus Capital Management in the transaction.

Cerberus Capital Management L.P. raised approximately $2.8 billion for Cerberus Institutional Real Estate Partners V L.P. (CIREP V), the private investment firm’s flagship global opportunistic real estate strategy.

CIREP V closed with more than $2.5 billion in commitments with an additional $300 million committed to a dedicated investor fund for the strategy, far surpassing its initial fundraising target of $2 billion. The strategy will leverage Cerberus’ integrated investment platform and proprietary operating expertise to invest in direct assets, real estate companies, entities with significant real estate exposure and real estate-related debt, including non-performing loan portfolios.

Schulte represented Cerberus Capital Management with a team led by investment management partners Jason Kaplan (Picture) and Peter Naismith and tax partners Alan Waldenberg and David Wermuth. The team also included investment management associates Jennifer Carl Brickfield, Nicole Cappiello, Janice Kim, Blake Purdy and David Weintraub; and tax associates Talia Jaffe and Hannah Wells.

Involved fees earner: Nicole Cappiello – Schulte Roth & Zabel; Jennifer Carl Brickfield – Schulte Roth & Zabel; Talia Jaffe – Schulte Roth & Zabel; Jason Kaplan – Schulte Roth & Zabel; Janice Kim – Schulte Roth & Zabel; Peter Naismith – Schulte Roth & Zabel; Blake Purdy – Schulte Roth & Zabel; Alan Waldenberg – Schulte Roth & Zabel; David Weintraub – Schulte Roth & Zabel; Hannah Wells – Schulte Roth & Zabel; David Wermuth – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Cerberus Capital Management, L.P.;

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Martina Bellini

Author: Martina Bellini