The $20+ billion firm builds on the success of its RMBS offering.
The Cerberus CMBS Opportunities Fund is slated to begin trading in the second quarter, according to marketing materials sent to investors in January. It requires a $3 million minimum investment and offers quarterly liquidity following a one-year lockup; management and performance fees are 2% and 20%. The prime brokers are Cantor Fitzgerald and J.P. Morgan. Current or target assets under management were unavailable.
The new long/short fund will be