Cerberus PE

Hi WSO, I would love to hear how Cerberus PE is in terms of returns and exits.

For context, I just started my IB An1 program, so I would appreciate any and all insight on the team.

I understand that they began as a debt investor, and Direct Lending is still one of their largest groups by AUM, probably the crown jewel of the firm, but I have not heard as much about their PE buyouts team

From what I saw, the PE strategy is headed by Mike Sanford and the investment team is very lean, so I assume you get a lot of responsibility, while working under very smart people.

I've also heard good things about Frank Bruno, the new CEO, and have been told that he is a very down-to-earth guy who grew up in a firefighter’s family.

Seeing that they have a lot of MDs, even if they still operate as a private partnership rather than a public company, it would seem that upward mobility is quite difficult.

Was curious about HF or B-school placements, as well as how the PE group is viewed nowadays.

Any insight is much appreciated here, thank you all!

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