Affiliates of Dyal Capital Partners (Dyal), a division of Neuberger Berman, have made a strategic minority investment in Cerberus Business Finance (CBF), the middle-market lending platform of Cerberus Capital Management.
Mark Neporent, Chief Operating Officer of Cerberus Capital Management, says: “Dyal recognised the value and growth potential of our market-leading lending platform that we have built over the past 23 years. We look forward to continuing to grow and strengthen our US middle-market lending franchise in partnership with Dyal.”
As a result of this passive non-voting minority investment, there will be no changes in the day-to-day management or operation of CBF, or to CBF’s decision-making or investment process. Additional terms of the transaction were not disclosed.
Daniel Wolf, CEO of Cerberus Business Finance, says: “Dyal’s investment validates our deliberate and long-term strategy to build an enduring middle-market lending platform. We are thrilled to partner with Dyal, who has earned a reputation for supporting best-in-class alternative investment managers.”
Michael Rees, Head of Dyal Capital Partners, adds: “Cerberus Business Finance is an impressive organization with a long-term proven track record of sourcing, structuring and servicing middle-market loan investments. We look forward to our partnership and the continued success and growth of this platform.”
