Cerberus Seeks $3 Billion for First Solo Private Equity Fund
- Standalone effort a departure for firm overseeing $39 billion
- Investors have been pouring money into the PE asset class
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Cerberus Capital Management is launching its first dedicated private equity fund as investors pour cash into the asset class.
The New York-based firm is seeking about $3 billion for the fund, according to people with knowledge of the matter, who asked not to be identified because the information isn’t public. The firm has already secured some commitments from investors, the people said.