Cerberus Raises $5.1 Billion for Global NPL-Dedicated Fund and Related Accounts

Schulte represented Cerberus Capital Management LP in raising $4.1 billion for the private investment firm’s first global fund dedicated to non-performing loans (“NPLs”). Known as the Cerberus Global NPL Fund, the fund will pursue investment opportunities in the multi-trillion-dollar NPL market in Europe, China, India, Brazil and other regions. Together with related accounts, Cerberus raised $5.1 billion for the global NPL strategy.

The Schulte team representing Cerberus was led by investment management partner Jason Kaplan and tax partner Alan Waldenberg.