Cerberus Real Estate Raises $2.8B

Cerberus Capital Management has raised $2.8bn for its opportunist global real estate fund, Cerberus Institutional Real Estate Partners V (CIREP V).

Half of the CIREP V’s investment is forecast to be in Europe with the US forecast to be 40% of assets. The 10% balance is expected to be Brazil, China, and other Asian markets.

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