Cerberus Closes USD5.1bn of commitments for Global NPL Strategy
Cerberus Capital Management has closed approximately USD5.1 billion of commitments for its global non-performing loan (NPL) strategy. Cerberus Global NPL Fund initially targeted USD3.5 billion in commitments and closed approximately USD4.1 billion of commitments from existing and new limited partners. In addition to the Global NPL Fund, Cerberus raised over