Cerberus Capital Management, L.P.

New York, NY United States

 

Company Description

Named after the mythical three-headed dog that guards the gates of hell, Cerberus Capital Management has been a driving force in private equity. One of its most notable moves was its 2007 purchase of 80% of Chrysler from Daimler (a stake that has since been eradicated). Cerberus was also the lead investor of a group that acquired 51% of GMAC (now Ally Financial), the financing arm of General Motors. Additionally, the firm owns bus maker Blue Bird and Tower Automotive. Although the firm made headlines with its automotive investments (and that industry's financial woes), Cerberus isn't solely concerned with cars and trucks: Automobile interests actually account for less than 10% of its assets under management.