Daily News: March 21, 2013

Bloomberg: Cerberus Raises $1.3B for Mid-Market Loan Fund

Bloomberg reported that Cerberus Capital Management has raised $1.32 billion for a middle-market loan fund that will seek to take advantage of a pullback in lending.

The article said one of Cerberus Levered Loan Opportunities Fund II LP’s first investments is expected to be a group of loans issued by a company that the firm has invested in through another fund, citing a private-placement memorandum, a copy of which was obtained by Bloomberg.

To read the full Bloomberg story click here.