Scott Johnston and Kurt Peterson joined Cerberus Business Finance, the middle market lending platform of Cerberus Capital Management, and will launch the company’s San Francisco office.
As managing director, Johnston will be responsible for sourcing, underwriting and managing new investment opportunities across Northern California and the Pacific Northwest for CBF and its
affiliated funds, which currently manage approximately $14 billion of capital dedicated to middle market business. Johnston has more than 26 years of experience in commercial finance and direct lending with expertise in loan originations, credit underwriting and portfolio management across industry sectors.
Peterson, who joined as vice president, has more than eight years of experience in the sourcing, underwriting, execution and monitoring of middle market credit. He will work closely with Johnston to implement CBF’s strategy to partner with companies headquartered in the region.
Daniel Wolf, CEO of Cerberus Business Finance, said, “We are pleased to launch our San Francisco office dedicated to businesses in the Bay Area and the Pacific Northwest. Scott and Kurt immediately bring trusted expertise and relationships across a wide range of private equity sponsors and leading middle-market companies. We expect our team’s cohesive efforts will build upon our multi-decade track record of success.”
As Cerberus Business Finance strategically expands its market-based solutions, its New York headquarters will maintain responsibility for credit decisions and no changes will occur in the day-to-day management or operation of CBF or its time-tested investment process.