Cerberus Capital Management, L.P. announced today that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV. Fund IV closed with $2.4 billion of equity commitments and, in total, Cerberus Business Finance raised more than $4.4 billion of equity commitments for its strategy across Fund IV and separately managed accounts. Together with additional fund-level leverage commitments, this raise brings Cerberus Business Finance’s total capital to over $20 billion.
The close of Fund IV is the latest milestone for our direct lending platform,” commented Daniel Wolf, Chief Executive Officer of Cerberus Business Finance. “For a quarter of a century, we have provided premier financial sponsors and leading businesses with one-stop financing solutions. Our long-term clients are able to turn to us for certainty of transaction closure and terms, flexible capital structures, and speed of execution.”
Keith Read, President of Cerberus Business Finance, added, “Our limited partners and leverage providers have experienced our consistent approach across business cycles and periods of market volatility and dislocation. We greatly appreciate their continued confidence in us and our long-tenured team as we seek to build on our track record of success.”
Source: Business Wire
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