Cerberus shoots past $1 billion in new RMBS fund
June 05, 2012
Up 6.98% this year, the strategy has added more than $300 million in four months.
Cerberus Capital Management has scored a big win in the hot mortgage-backed securities market, raising more than $1 billion for its new Cerberus RMBS Opportunities Fund, according to investor documents obtained by AR.
Stephen Feinberg’s firm has been on a fundraising tear of late in the strategy, which launched in June 2008. It managed just $188 million last August, but jumped to $705 million at the start of the year, and crossed into nine-figure territory in April. Cerberus now has $1.064 billion in...
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