Cerberus Closes Fourth Opportunistic CRE Fund
ByThe company will use the $1.8 billion in commitments to pursue distressed or undervalued assets globally, with a focus on the United States and Western Europe.
Ronald Kravit
New York—Cerberus Capital Management has completed its fourth global opportunistic real estate fund, Cerberus Institutional Real Estate Partners IV LP, by having raised $1.8 billion, the company announced Tuesday.
CIREP IV reportedly will pursue an investment strategy focused on distressed or otherwise undervalued real estate transactions globally, with a focus in the United States and Western Europe.
The company received commitments from more than 60 investors, including sovereign wealth funds, public pension plans, corporate plans, insurance companies, endowments, foundations and high–net worth individuals. Investors in CIREP IV include both new clients and those that have invested in earlier CIREP funds…
Cerberus Closes Fourth Opportunistic CRE Fund
