Cerberus Is Back in the Fund Raising Market
Private equity-hedge fund Cerberus Capital Management is looking to raise money for a variety of funds.
By Stephen Taub
Cerberus Capital Management is looking to raise money for a variety of funds. The private equity-hedge fund firm best known these days for its investments in Chrysler and GMAC, is trotting out a successor version of hedge funds Cerberus International and Cerberus Partners, which are currently in liquidation. Investors who receive proceeds for the old funds can roll them into the new ones. However, sources say a majority of investors are choosing to take the money.
Cerberus is also trotting out new loan funds that are successors to the firms Styx and Ableco products. ....