Cerberus Capital Management

875 Third Avenue
New York, NY 10022

Website: cerberus.com

Firm Size

  • Assets Under Management (AUM):$94.3 Billion
  • Number of Funds:186
  • Employees:936
  • Firm Type:Hedge Fund


Description

Cerberus Capital Management, L.P. is a private equity firm based in New York City, New York. It was founded in 1992 by Stephen A. Feinberg and William L. Richter. The firm specializes in distressed investing, making it one of the pioneers in this investment strategy. Cerberus manages over $45 billion in assets across a range of investment strategies, including private equity, real estate, credit, and non-performing loans. One of the notable aspects of Cerberus is its ability to identify and acquire troubled or undervalued assets, with the aim of turning them around to generate significant returns. The firm has a reputation for being willing to invest in complex and challenging situations, such as corporate restructurings and bankruptcies, making it a sought-after partner in distressed transactions. Cerberus has invested in various industries, including automotive, retail, financial services, real estate, and healthcare. Some of its notable investments include acquiring Chrysler Group LLC (now known as Stellantis NV) during the financial crisis in 2007, which helped to revive the struggling automaker. Additionally, Cerberus has made investments in major companies such as Avon Products, Inc., BlueLinx Holdings Inc., and Albertsons Companies, Inc. In addition to its distressed investing focus, Cerberus has expanded into other areas such as real estate and hedge fund investments. The firm has a significant real estate portfolio, including residential, commercial, and hospitality properties. Cerberus also manages a number of hedge funds that employ different investment strategies. Overall, Cerberus Capital Management, L.P. has established itself as a prominent player in the private equity industry, known for its expertise in distressed investing and its ability to generate substantial returns in challenging investment situations.

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Dec 29, 2023: Comscore Lead Director Brent Rosenthal to Retire from the Board and Not Stand for Re-election at the 2024 Annual Meeting
Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that its Lead Director, Brent Rosenthal , who stepped down as non-executive Chairman of the Board in 2022, will retire from the Board and not stand for re-election at the Company's 2024 annual meeting of stockholders. The Company plans to nominate Chief Executive Officer Jon Carpenter to join the Board in 2024.

Oct 26, 2023: SourceCode and Eviden Team Up to Bring Full-Scale HPC, AI, and Quantum Solutions to North American Market
  SourceCode and Eviden Team Up to Bring Full-Scale HPC, AI, and Quantum Solutions to North American Market

Jun 26, 2023: SourceCode™ Expands Global AI Presence with Acquisition of Boston Limited
SourceCode, a pioneer of co-designed, custom, certified IT systems for next generation AI infrastructure spanning the cloud, datacenter and edge, today announced that it has agreed to acquire UK-EU-based Boston Limited, a leading provider of high-performance server and storage solutions for the significant growth in business around data, media, and AI as well as traditional IT workloads. SourceCode is a portfolio company of Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing. The transaction is expected to close on June 30 , 2023. 

Jun 21, 2023: JLL arranges $354M total capitalization for Long Island City industrial project
JLL Capital Markets announced today that it arranged the $354 million total capitalization for 28-90 Review Ave., a 4.03-acre, industrial development totalling 734,000 square feet in Long Island City, New York .

Jun 07, 2023: BullseyeEngagement Appoints Margaret Lazo to Advisory Board
 BullseyeEngagement LLC today announced that Margaret Lazo has accepted an appointment to its Advisory Board. A bilingual and bicultural executive with a history of successful leadership, Ms. Lazo has established an exemplary reputation for leading transformation and change with demonstrated expertise in human capital management and diversity, equity, and inclusion (DE&I) initiatives. She is presently associated with Cerberus Capital Management's Operating and Advisory Company as a Senior Operating Consultant, leading human capital initiatives across its portfolio companies.