Cerberus Capital Management is aiming to raise around $4 billion for its new private equity fund, Bloomberg reports. The private equity firm’s latest offering will be smaller than its predecessor fund, which raised $7.5 billion from investors.
The New York-based firm is also planning to raise a vehicle aimed at buying mortgage assets along with two loan funds. Cerberus intends to acquire assets from European banks in countries, including Spain, Italy and Germany.
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