Cerberus Capital Management related stories
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Co-investing conundrum: Good idea or too risky?Limited partner interest in co-investments and direct investments fell off a cliff in the second half of 2014, according to Preqin survey data. The percentage of investors who categorized themselves as active co-investors fell to 18 percent, roughly half of what it was six months earlier.
LPs and the importance of robust ESG reviewsIt’s become clear that LPs need to have policies in place to consider environmental, social and governance (ESG) issues when performing due diligence on potential fund commitments.
Midwest buyout shops seize golden opportunityOur regional report on Midwest buyout deals and fundraising shows Illinois and Minnesota are prime destinations.
Talking Deal Prices: Quick flips at Vista, Thoma Bravo may mark trendWith buyouts of portfolio companies commanding big EBITDA multiples and uncertainty over how much longer the good times may last, some private equity firms appear to be moving more rapidly to flip their investments for quick gains.
PSERS forms $300 mln mid-market lending account with CerberusThe Pennsylvania Public School Employees’ Retirement System (PSERS) committed up to $500 million to Cerberus Capital Management at its June 11 meeting, including up to $300 million for a separate account that will invest alongside the firm’s middle-market lending platform.
Cerberus, GSO, Centerbridge eye Samson ResourcesCerberus Capital Management, GSO Capital Partners and Centerbridge Partners LP are reportedly in the mix for the fate of Samson Resources, the oil and gas producer backed by Kohlberg Kravis Roberts & Co carrying $4 billion in debt in the face of a sharp drop in oil prices in the past year.
For BAWAG owner Cerberus, Postbank bid is just one option: ReutersIt took years and a small fortune for U.S. investor Cerberus Capital Management to polish Austrian lender BAWAG PSK into a retail gem. The question now is whether it wants to try to repeat the trick with Deutsche Postbank, Reuters News reported.
Study: LPs worry about bribery more than hazardous wasteA study, co-sponsored by IAG and Thompson Taraz, found that North American investors are less bothered by investments in vices like gambling, alcohol or tobacco than their European counterparts.
- Study finds bribery is top LP concern, while social issues rank near bottom
Are North American investors less progressive than European LPs?
Cerberus, Bain sell stakes in Japanese companies as market soarsU.S. buyout funds Bain Capital and Cerberus Capital Management sold big stakes in two Japanese companies as the stock market surges – taking profits and avoiding an expected bout of volatility if the U.S. Federal Reserve raises rate later in the year, investors told Reuters.