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Cerberus Capital Management raises $4B for multi-strategy fund
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Cerberus Capital Management LP has raised $4 billion for its Cerberus Institutional Partners VI LP fund.
The fund can invest in private equity, nonperforming loans, corporate credit, distressed debt, as well as mortgage securities and assets.
It received commitments from more than 150 investors, including public and corporate pension plans, endowments, foundations, insurance companies, sovereign wealth funds, family offices and high net worth individuals.