Cerberus pulls in $2.8B for fifth real estate-focused fund
March 30, 2021- Share:
Cerberus Capital Management has closed its fifth institutional real estate fund on $2.8 billion, surpassing an initial target of $2 billion. The strategy will be used to invest in direct assets, real estate companies, real estate-related debt and entities with significant real estate exposure. The New York-based PE firm manages around $26 billion in real estate-related assets across US, Europe, Asia, South America and Australia. Cerberus raised $1.8 billion for its fourth fund in the series in 2017.
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