Cerberus fundraising to test the waters

US private equity firm is planning a return to the fundraising market early next year in a key test of investor confidence

US private equity firm Cerberus Capital Management is planning a return to the fundraising market early next year in a key test of investor confidence, following its high-profile problems with investments in carmaker Chrysler Group and lender GMAC.

The firm is expected to raise substantially less than the $7.5bn it raised for its 2006 fund, according to investor sources, with one saying it might be as much as 20% less. But another said the firm had already received inquiries from investors. Cerberus declined to comment.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line