Cerberus targets $4bn for second supply chain-focused PE fund
Cerberus Capital Management has launched fundraising for its second supply chain-focused investment vehicle, targeting at least $4bn as the private equity firm expands its strategy of investing in businesses considered critical to the US economy and national security, according to a report by Bloomberg.
Cerberus Capital Management has initiated fundraising efforts for its second supply chain-focused investment fund, aiming to raise a minimum of $4 billion. This move expands the private equity firm's strategy of investing in businesses deemed critical to the US economy and national security. The New York-based manager has begun marketing the new fund to existing investors, with successful fundraising potentially representing a significant increase from the $2.7 billion raised for the inaugural Cerberus Supply Chain Fund and related separately managed accounts.
Additionally, Cerberus is seeking to raise $250 million for a successor to its venture capital strategy, which invests in early-stage businesses across various sectors, including artificial intelligence, healthcare, energy, natural resources, and advanced computing.
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