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Cerberus Business Finance

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uuid00054lw

Namestring
Cerberus Business Finance
Legal namestring
Cerberus Capital Management, L.P.
Company typeenum
Private
Founded yearint
1995
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
middle-market lending, direct lending platform, senior secured loans, private credit financing, business debt financing
Industry3 codes
1Middle-Market Lending
CodeFSANADAIPrimaryYes
2Large-Cap / Sponsor Finance Direct Lending
CodeFSANADAJPrimaryNo
3Private Credit / Direct Lending
CodeFSAAAHAGPrimaryNo
NAICS code1 code
  • Commercial Banking522110
SIC code1 code
  • Miscellaneous Business Credit Institution6159
Product category
Middle-Market Direct Lending
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Asset Management Fees & Investment Returns
TypeManaged Services
Description

Cerberus Capital Management, including Cerberus Business Finance as its middle-market direct lending platform, generates revenue through management of approximately $70 billion in assets across complementary credit, private equity, and real estate platforms. Revenue is derived from management fees on committed/called capital and performance/incentive fees tied to investment returns across multiple fund vehicles. AUM as of March 31, 2024.

cerberus.com
2Direct Lending Interest Income & Fees
TypeTransaction Fee
Description

Cerberus Business Finance, established in 1995 as the middle-market direct lending platform, generates revenue through interest income, structuring fees, and ancillary fees on senior secured loans and credit facilities extended to middle-market companies and private equity-backed businesses.

cerberus.com
Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 6 records shown
1Cerberus Business Finance
Description

Cerberus's middle-market direct lending platform, established in 1995, serving private equity sponsors and leading businesses.

cerberus.com
+5 more records
Core offering1 text field

Cerberus Business Finance is the middle-market direct lending platform of Cerberus Capital Management, L.P., established in 1995. It provides senior secured loans and credit facilities to private equity sponsors and leading middle-market businesses, generating revenue primarily through interest income, structuring fees, and ancillary lending fees. It operates as a focused direct-lending offering within Cerberus's broader Integrated Investment Platforms spanning credit, private equity, and real estate.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Cerberus Business Finance is the middle-market direct lending platform of Cerberus Capital Management, established in 1995. It operates as a single, focused lending offering — rather than a platform-plus-modules architecture — and is one component of Cerberus's broader Integrated Investment Platforms, which also span Corporate Credit, Operational Private Equity, Real Estate, Non-Performing Loans, Residential Opportunities, Commercial Mortgage-Backed Securities, Cerberus Frontier, Supply Chain and Strategic Opportunities, and Cerberus Ventures. Cerberus Business Finance specifically delivers direct-lending solutions to private equity sponsors and leading businesses.

Product and service1 record
1Cerberus Business Finance — Middle-Market Direct Lending Platform
CategoryMiddle-Market Direct Lending
Description

A focused direct-lending offering that delivers senior secured loans and credit facilities to private equity sponsors and leading middle-market businesses for purposes such as acquisitions, recapitalizations, refinancings, and growth capital. Operates as a standalone lending platform within Cerberus Capital Management's Integrated Investment Platforms.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Golub Capital is one of the largest middle-market direct lenders in the U.S., focused on senior secured loans to PE-sponsored companies. Its sponsor-driven, relationship-originated model and dedicated coverage teams closely mirror Cerberus Business Finance's go-to-market motion.

TypeDirect peer
Description

Oaktree Capital Management is a leading alternative investment manager with substantial credit and direct lending capabilities serving middle-market borrowers. Its credit franchise and distressed-debt expertise make it a strong functional peer to Cerberus Business Finance and its parent.

TypeDirect peer
Description

Apollo Global Management's Credit segment operates a large-scale direct lending and private credit franchise targeting middle-market and PE-sponsored borrowers. It is a core competitor to Cerberus Business Finance in the sponsor direct lending market.

TypeDirect peer
Description

Ares Capital is the largest publicly traded business development company (BDC) focused on first-lien senior secured loans to U.S. middle-market companies sponsored by private equity sponsors. It is the most direct publicly traded comparable to Cerberus Business Finance's middle-market direct lending model.

TypeDirect peer
Description

Blackstone Credit (formerly GSO Capital Partners) is one of the largest private credit platforms globally and a major middle-market direct lender. It competes head-to-head with Cerberus Business Finance for sponsor relationships and direct lending mandates.

TypeDirect peer
Description

Antares Capital is a major middle-market direct lender and private credit manager focused on sponsor-backed senior debt financings. Its product set, target customer, and unitranche orientation overlap almost entirely with Cerberus Business Finance.

TypeDirect peer
Description

Sixth Street is a large global investment firm with a sizable direct lending franchise focused on flexible financing solutions for middle-market and growth-stage companies. Its relationship-driven approach and flexible capital products compete directly with Cerberus Business Finance.

TypeEmerging player
Description

Audax Group operates a private debt platform providing senior debt and unitranche financing to middle-market PE-sponsored companies. While smaller than Cerberus Business Finance, its exclusive focus on middle-market sponsor lending makes it a relevant niche competitor.

TypeDirect peer
Description

Bain Capital Credit is the credit affiliate of Bain Capital, providing direct lending and private credit solutions to middle-market companies and PE sponsors. Its target borrower profile and sponsor-driven origination are highly comparable to Cerberus Business Finance.

TypeDirect peer
Description

KKR's Credit business includes a significant direct lending franchise serving U.S. and European middle-market companies. Its multi-product credit platform and global investor base make it a close competitor to Cerberus Business Finance.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Cerberus Business Finance

Middle-Market Direct Lendingcerberuscapital.com

Cerberus Business Finance firmographics

Firmographics
Name
Cerberus Business Finance
Legal name
Cerberus Capital Management, L.P.
Website
https://cerberuscapital.com
Company type
Private
Founded year
1995
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Cerberus Business Finance industry classification

Industry
Product category
Middle-Market Direct Lending
NAICS
Commercial Banking (522110)
SIC
Miscellaneous Business Credit Institution (6159)
akta.pro primary industry
Middle-Market Lending (FSANADAI)
akta.pro secondary industries
Large-Cap / Sponsor Finance Direct Lending (FSANADAJ), Private Credit / Direct Lending (FSAAAHAG)

Keywords

  • Middle-market lending
  • Direct lending platform
  • Senior secured loans
  • Private credit financing
  • Business debt financing

Where Cerberus Business Finance is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Markets served

Cerberus Business Finance business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

  1. Asset Management Fees & Investment Returns: Cerberus Capital Management, including Cerberus Business Finance as its middle-market direct lending platform, generates revenue through management of approximately $70 billion in assets across complementary credit, private equity, and real estate platforms. Revenue is derived from management fees on committed/called capital and performance/incentive fees tied to investment returns across multiple fund vehicles. AUM as of March 31, 2024.
  2. Direct Lending Interest Income & Fees: Cerberus Business Finance, established in 1995 as the middle-market direct lending platform, generates revenue through interest income, structuring fees, and ancillary fees on senior secured loans and credit facilities extended to middle-market companies and private equity-backed businesses.

Go-to-market motion1 record

Cerberus Business Finance product offering

Product offering

Core offering

Cerberus Business Finance is the middle-market direct lending platform of Cerberus Capital Management, L.P., established in 1995. It provides senior secured loans and credit facilities to private equity sponsors and leading middle-market businesses, generating revenue primarily through interest income, structuring fees, and ancillary lending fees. It operates as a focused direct-lending offering within Cerberus's broader Integrated Investment Platforms spanning credit, private equity, and real estate.

Product overview

Cerberus Business Finance is the middle-market direct lending platform of Cerberus Capital Management, established in 1995. It operates as a single, focused lending offering — rather than a platform-plus-modules architecture — and is one component of Cerberus's broader Integrated Investment Platforms, which also span Corporate Credit, Operational Private Equity, Real Estate, Non-Performing Loans, Residential Opportunities, Commercial Mortgage-Backed Securities, Cerberus Frontier, Supply Chain and Strategic Opportunities, and Cerberus Ventures. Cerberus Business Finance specifically delivers direct-lending solutions to private equity sponsors and leading businesses.

Differentiator

Problem solved

Functional benefit

Brands

  • Cerberus Business Finance: Cerberus's middle-market direct lending platform, established in 1995, serving private equity sponsors and leading businesses.
  • Cerberus Ventures
  • Cerberus Frontier
  • Cerberus Operations and Advisory Company
  • Cerberus Technology Solutions
  • Cerberus European Servicing

Products and services

  • Cerberus Business Finance — Middle-Market Direct Lending Platform A focused direct-lending offering that delivers senior secured loans and credit facilities to private equity sponsors and leading middle-market businesses for purposes such as acquisitions, recapitalizations, refinancings, and growth capital. Operates as a standalone lending platform within Cerberus Capital Management's Integrated Investment Platforms.

Companies that use Cerberus Business Finance

Customer profile

Ideal customer profiles2 records

Cerberus Business Finance technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Cerberus Business Finance partnerships and signals

Strategic signal

Recent moves6 records

Expansion highlights5 records

Cerberus Business Finance competitors and assessment

Company assessment

Direct peers

  • Golub Capital: Golub Capital is one of the largest middle-market direct lenders in the U.S., focused on senior secured loans to PE-sponsored companies. Its sponsor-driven, relationship-originated model and dedicated coverage teams closely mirror Cerberus Business Finance's go-to-market motion.
  • Oaktree Capital Management: Oaktree Capital Management is a leading alternative investment manager with substantial credit and direct lending capabilities serving middle-market borrowers. Its credit franchise and distressed-debt expertise make it a strong functional peer to Cerberus Business Finance and its parent.
  • Apollo Credit: Apollo Global Management's Credit segment operates a large-scale direct lending and private credit franchise targeting middle-market and PE-sponsored borrowers. It is a core competitor to Cerberus Business Finance in the sponsor direct lending market.
  • Ares Capital Corporation: Ares Capital is the largest publicly traded business development company (BDC) focused on first-lien senior secured loans to U.S. middle-market companies sponsored by private equity sponsors. It is the most direct publicly traded comparable to Cerberus Business Finance's middle-market direct lending model.
  • Blackstone Credit: Blackstone Credit (formerly GSO Capital Partners) is one of the largest private credit platforms globally and a major middle-market direct lender. It competes head-to-head with Cerberus Business Finance for sponsor relationships and direct lending mandates.
  • Antares Capital: Antares Capital is a major middle-market direct lender and private credit manager focused on sponsor-backed senior debt financings. Its product set, target customer, and unitranche orientation overlap almost entirely with Cerberus Business Finance.
  • Sixth Street Partners: Sixth Street is a large global investment firm with a sizable direct lending franchise focused on flexible financing solutions for middle-market and growth-stage companies. Its relationship-driven approach and flexible capital products compete directly with Cerberus Business Finance.
  • Bain Capital Credit: Bain Capital Credit is the credit affiliate of Bain Capital, providing direct lending and private credit solutions to middle-market companies and PE sponsors. Its target borrower profile and sponsor-driven origination are highly comparable to Cerberus Business Finance.
  • KKR Credit: KKR's Credit business includes a significant direct lending franchise serving U.S. and European middle-market companies. Its multi-product credit platform and global investor base make it a close competitor to Cerberus Business Finance.

Emerging players

  • Audax Group: Audax Group operates a private debt platform providing senior debt and unitranche financing to middle-market PE-sponsored companies. While smaller than Cerberus Business Finance, its exclusive focus on middle-market sponsor lending makes it a relevant niche competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Cerberus Business Finance social profiles

Digital presence

Cerberus Business Finance financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Cerberus Business Finance leadership team

Management profile

Number of profiles

Profiles1 record

Cerberus Business Finance subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Cerberus Business Finance funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Cerberus Business Finance M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cerberus Business Finance

What does Cerberus Business Finance do?

Cerberus Business Finance is the middle-market direct lending platform of Cerberus Capital Management, L.P., established in 1995. It provides senior secured loans and credit facilities to private equity sponsors and leading middle-market businesses, generating revenue primarily through interest income, structuring fees, and ancillary lending fees. It operates as a focused direct-lending offering within Cerberus's broader Integrated Investment Platforms spanning credit, private equity, and real estate.

Is Cerberus Business Finance a public or private company?

Cerberus Business Finance is a private company. It is classified as private equity controlled and is currently operating.

When was Cerberus Business Finance founded?

Cerberus Business Finance was founded in 1995. It employs 5,001 to 10,000 people.

Where is Cerberus Business Finance based?

Cerberus Business Finance is headquartered in New York, United States, in the North America region.

How does Cerberus Business Finance make money?

Two revenue lines are on record. Asset Management Fees & Investment Returns are the primary driver. The others are direct Lending Interest Income & Fees.

Who are Cerberus Business Finance's main competitors?

Direct peers on record are Golub Capital, Oaktree Capital Management, Apollo Credit, Ares Capital Corporation, Blackstone Credit, Antares Capital, Sixth Street Partners, Bain Capital Credit and KKR Credit. Audax Group is listed as an emerging player.

Does Cerberus Business Finance have an API?

No public API is recorded for Cerberus Business Finance.

What industry is Cerberus Business Finance in?

Cerberus Business Finance's product category is Middle-Market Direct Lending. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending, with a secondary code of FSANADAJ, Large-Cap / Sponsor Finance Direct Lending. Its NAICS code is 522110 and its SIC code is 6159.

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Live signals
AngleadvisorsSALE OF HN PRECISIONMill City Capital has acquired HN Precision Company, a manufacturer of precision machined products, with Angle Advisors serving as the exclusive investment banking advisor for HN Precision. The transaction marks a change in ownership from its previous portfolio status under Cerberus Business Finance to Mill City Capital, a private equity firm focusing on lower middle-market companies. This acquisition allows HN Precision to leverage Mill City's expertise to extend its ongoing growth strategy across various industrial end markets.FinSMEsMonomoy Capital Partners Buys SportechMonomoy Capital Partners acquired Sportech, a Minnesota-based cab component supplier, through its Monomoy Capital Partners III, L.P. Cerberus Business Finance provided acquisition financing, with terms undisclosed. The company, founded in 1994, employs about 325 people and operates three facilities.PR NewswireIconex Successfully Executes RefinancingIconex LLC completed an $187.5 million refinancing transaction facilitated by Configure Partners to restructure its existing debt and fund shareholder distributions. The financing package included a revolving credit facility with PNC Bank and term loans from Cerberus Business Finance, providing Iconex with enhanced financial flexibility for growth initiatives.PR NewswireFrontier Spinning Announces New Investments from Cerberus and TCWFrontier Spinning Mills, Inc. announced on May 2, 2019 that it received a substantial capital investment from affiliates of Cerberus Business Finance, LLC and TCW Asset Management Company LLC, with the stated goal of supporting the company's future growth and expanding its market-leading position in cotton and cotton-blend yarn production. Founded in 1996, Frontier Spinning operates five manufacturing facilities in North Carolina and Alabama with approximately 1,200 employees. The investment will provide both new capital and operating expertise, with the current management team led by CEO Robin Perkins remaining in place.GlobeNewswireHarvard Bioscience Completes Acquisition of Data Sciences InternationalHarvard Bioscience completed its acquisition of Data Sciences International, paying approximately $70 million in aggregate consideration. The deal was funded by a $64 million term loan and a $25 million revolving line of credit from Cerberus Business Finance, with about $4.8 million drawn at closing.FinSMEsAffiliates of Dyal Capital Partners Makes Investment in Cerberus Business FinanceAffiliates of Dyal Capital Partners made a strategic minority investment in Cerberus Business Finance, the middle-market lending arm of Cerberus Capital Management. The terms were not disclosed, and CBF plans to use the funds to grow its U.S. lending franchise. CBF manages about $14 billion in capital and has completed over 145 transactions totaling $10.7 billion.PR NewswireCerberus Business Finance Announces Strategic Minority Investment by Dyal Capital PartnersAffiliates of Dyal Capital Partners made a strategic minority investment in Cerberus Business Finance, LLC, the middle-market lending platform of Cerberus Capital Management. The passive non-voting investment validates CBF's 23-year-old lending platform and its strategy to build an enduring middle-market lending business, with no changes expected to day-to-day management or operations. CBF currently manages approximately $14 billion of capital dedicated to direct lending, having completed over 145 transactions totaling $10.7 billion in credit facilities over the past two years.PR NewswireCerberus Business Finance Opens San Francisco Office Dedicated to Financing Bay Area and Pacific Northwest BusinessesCerberus Business Finance, LLC, the middle-market direct lending platform of Cerberus Capital Management, L.P., announced the opening of a new office in San Francisco to serve businesses in the Bay Area and the Pacific Northwest. The firm hired Scott Johnston and Kurt Peterson to lead its regional efforts, with CBF managing approximately $14 billion of capital dedicated to middle-market business and having completed over 145 transactions totaling $10.7 billion in credit facilities over the past two years. The San Francisco office represents CBF's strategic expansion into these growing markets while maintaining credit decisions at its New York headquarters.PR NewswireCerberus Business Finance Raises $2.05 Billion for Cerberus Levered Loan Opportunities Fund IIICerberus Business Finance completed the final closing of its Cerberus Levered Loan Opportunities Fund III, raising $2.05 billion which exceeded its target range. This fund is part of a broader capital raising effort since January 2016 that has generated over $6.2 billion in commitments for the firm's middle-market direct lending platform.PR NewswireAccuray Closes $70 Million Straight Debt FinancingAccuray Incorporated closed a $70 million straight debt financing agreement with Cerberus Business Finance, an affiliate of Cerberus Capital Management, using the proceeds along with $30 million of cash to retire $100 million of convertible notes. The five-year first lien senior secured term loan carries a 700 basis point margin, 1% LIBOR floor, and 5% annual amortization. The financing eliminates potential issuance of approximately 10.6 million shares of common stock and is expected to be repaid with cash generated from operations.