Cerberus Capital Management
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| Limited Partnership | |
| Industry | Private Equity |
| Founded | 1992 |
| Founder |
Steve Feinberg William L. Richter |
| Headquarters | 875 Third Avenue New York City, New York, U.S. |
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Area served
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11 offices in 9 countries |
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Key people
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| Products | Distressed securities and assets, Private equity, Leveraged buyouts, Growth capital, Real estate investing, Commercial lending |
| Total assets |
 $30 billion |
| Website | www |
Cerberus Capital Management, L.P. is an American private equity firm, specializing in "distressed investing". The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a senior managing director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia
Cerberus has more than US$40 billion under management in funds and accounts. The company is a U.S. Securities and Exchange Commission Registered Investment Advisor. Investors include government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds.
Cerberus is named after the mythological three-headed dog that guarded the gates of Hades. Feinberg has stated to his employees that while the Cerberus name seemed like a good idea at the time, he later regretted naming the company after the mythological dog.
Dan Quayle, former Vice President of the United States 1989–1993, who served with former President George H. W. Bush, joined Cerberus in 1999 and is chairman of the company's Global Investments Division.
Over time, Cerberus has grown to include 11 offices in 9 countries.
The company has been an acquirer of businesses over the past several years and now has investments in Financial Services, Healthcare, Consumer & Retail, Government Services, Manufacturing & Distribution, Technology & Telecommunications, Building Products, Energy & Natural Resources, Apparel, Paper, Packaging & Printing, Transportation, Commercial Services, Industrial & Automotive, Real Estate, Travel & Leisure, and Weaponry.
The firm is active in private equity investment, lending, specialty finance, real estate investment, and securities trading. In May 2011, Steve Feinberg noted that the firm also believes that residential mortgage-backed securities may present "a real opportunity for continued investment for quite a period of time" and that there are opportunities in buying assets from European banks. The firm’s current investment portfolio includes more than 40 companies around the world with an average hold time of more than five years.
Cerberus maintains the Cerberus Operations & Advisory Company LLC (COAC) of senior operating executives to support the firm’s due diligence and assist its portfolio companies.
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Wikipedia