Cerberus Capital Management launches new real estate debt fund

New York–based Cerberus Capital Management has launched a new real estate debt fund, according to a Form D filed with the SEC on Sept. 26.

The global investor invests in debt and equity of commercial and residential properties and portfolios, as well as directly into REOCs and platforms.

In May, the firm appointed Grant Berlin as a senior managing director and global head of real estate fundraising. Berlin joined Cerberus from Brookfield Asset Management, where he was head of real estate fundraising and global consultant relationships.

Since 1993, Cerberus Real Estate has invested $29 billion in more than 575 transactions around the world, according to the firm’s website.

As of November 2018, Cerberus had approximately $35 billion in assets under management.