Cerberus To Close Lending Operation

Cerberus Capital Management has decided to shut down a lending operation, Dymas, Private Equity Hub reports. The private equity investment firm will start leveraged lending under its own name or through its affiliate, AblecoFinance.

The New York-based firm has established a new financing arm, Cerberus Business Finance, which will take up the Dymas brand and business. The other lending business, Ableco, will continue its operations.

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