Cerberus Capital Management related stories
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Cerberus spin-out Tenex nears final closeThe Michael Green-led firm is expected to hit its hard-cap of $425m for its debut fund, which has shrugged off the stagnant fundraising market and the hesitancy of LPs to back new firms.
- Cambridge: Glut of uncalled capital boosts prices
The industry has about $376bn of uncalled capital that was raised in the peak credit years, an overhang that is driving up prices and could expand as many firms are raising funds this year, according to Cambridge Associates.
- Cerberus in $1.1bn hotel deal
The New York investment firm has won an auction alongside partner Chatham Lodging Trust to acquire 64 hotels from Innkeepers USA Trust, which filed for Chapter 11 bankruptcy protection in 2010.
- Cerberus launches fifth fund targeting $3.75bn
The firm has worked hard after receiving an investment period extension last year to bring its fourth fund into profitability after the headline-grabbing Chrysler bankruptcy and the government bailout of GMAC Financial.
- Cerberus: ‘European real estate a key focus’
New York-based Cerberus Capital Management says it sees opportunity in the region as it strikes its third significant Euro deal in the past five months.
- New Jersey paves way for secondaries sales
The US pension may, if the price is right, sell up to $1bn-worth of private equity holdings on the secondaries market.
- New Jersey negotiates fee cuts
The $71bn pension system says cuts in fees it pays to investment managers will save it at least $40m over the next five years.
- Citi seizes control of Terra Firma’s EMI
Citi has slashed the music publisher's debt from £3.4bn to £1.2bn and has reportedly received interest from private equity firms for the company formerly controlled by Guy Hands' Terra Firma.
- Cerberus to sell Chrysler Financial for $6.3bn
Cerberus Capital Management plans to sell Chrysler Financial to Canada’s TD Bank Group for $6.3bn in an all-cash buyout.
- Clear as mud
Australia's determination this week that private equity profits may – in certain circumstances – be taxed as income rather than capital gains has left more questions than answers.