The Cerberus Group, formerly known as Cerberus Capital Management, is a US-based investment firm that manages private equity and hedge fund capital with over $12 billion (€9.92 billion) under management. The ultradiscreet firm participates in corporate restructurings, recapitalisations, buyouts and growth financing. It also invests in middle market loans and distressed debt and equity securities. Industries of interest include industrial and chemical materials, consumer recreation (hotels, restaurants and leisure), finance and real estate. Geographically, the firm invests principally in North America and Asia. Recent newspaper reports suggested that Cerberus now considers Germany an attractive destination also.
Cerberus has approximately 30 current or pending portfolio companies. Current investments include ANC Rental Corporation, RCS Investimenti SpA, Signet Group Plc, Teleglobe Inc and Trans World Entertainment Corporation.
A busy month in March saw the firm make investments in Newell Rubbermaid Inc, Georgia Pacific Corporation, Sun Healthcare Group Inc and Guildford Mills Inc.
Head office 299 Park Avenue, New York, NY 10171, United States Phone: 1-212-891-1550 Fax: 1-212-891-1541
Alongside its increasingly influential private equity business, the firm has six hedge funds under management: Cerberus International, Cerberus Partners, Styx International, Styx Partners, Long Horizon Overseas and Long Horizon Fund, with total assets of $5.69 billion.
Cerberus has two North American affiliates, Ableco Finance LLC and Dymas Capital Management. Ableco is a special-situations lending company that invests in leveraged buyouts, recapitalisations and reorganisations. Dymas is a lending unit that finances mid-market private equity deals.
Stephen Feinberg, Senior Managing Director
Stephen Feinberg is the Senior Managing Director of Cerberus Capital Management LP, which he founded in December 1992. The Chief Executive Officer of Ableco Finance LLC, he also co-founded Cerberus Partners LP and other affiliated funds. A graduate of Princeton University, he began his career at Drexel Burnham in 1985.
William Richter, Senior Managing Director
William Richter is a Senior Managing Director at Cerberus Group. President of Richter Investment Corp, a merchant and investment banking firm, he was previously co-chairman of Rent-A-Wreck of America, a franchiser of automobile rental agencies, from 1989 – 1993. He has an MBA from Harvard Business School and is the trustee at St. Bonaventure University.
Mark Neporent, Chief Operating Officer and Managing Director
Mark Neporent is the Chief Operating Officer and Managing Director of Cerberus Capital Management LP and the Senior Vice President of Ableco Finance LLC. He joined Cerberus in 1998 from Schulte Roth & Zabel LLP, a New-York City-based law firm, where he was a partner in the firm's business reorganisation and finance group.
Jeffrey Lomasky; Alexander Ornstein; Janet Silverman; Eric Miller; Daniel Wolf; Seth Plattus; Kenneth Leonard; Albert Ricchio; Andrew Marek; Daniel Frank.
|Size ($mm)||Date Raised||Target ($mm)||Stage|
|Cerberus Institutional Partners|
|Cerberus Institutional Partners Series III, L.P.||2003||1000||Launched|
|Cerberus Institutional Partners Series II, L.P.||500||2001||500||Final Close|
|Cerberus Institutional Partners, L.P.||725||1998||725||Final Close|
|Cerberus Partners, L.P|
|Cerberus Partners, L.P.||–||1992||–||Final Close|
|Thai Corporate Recovery Fund (Cerberus Group)|
|Thai Corporate Recovery Fund L.P.||450||3/20/2001||150||Final Close|