Cerberus Capital Management is looking to raise $2.5 billion for a new fund that will make investments in all stages of critical supply chain businesses and projects in the US, according to a report by Bloomberg.
The report cites a 34-page presentation document produced for potential investors as revealing that Cerberus expects a “global resurgence of great power competition that will drive geopolitical tensions”.
The fund will focus on industrial defence, public health, transportation, and energy and minerals, according to the document, the same areas President Joe Biden targeted in a recent executive order.
The report cites an unnamed source as saying that while the fund has raised $863 million so far, the target is $2.5 billion.
