Lowenstein Guides $150M IPO Of Cerberus' RMBS Arm

Law360, New York (February 11, 2013, 1:06 PM EST) -- Private equity firm Cerberus Capital Management LP's residential mortgage-backed securities investment unit on Friday filed regulatory documents for its $150 million initial public offering.

Betting on volatile prices in the U.S.' $10 trillion residential debt market, Cerberus Mortgage Capital Inc. said it hoped to take advantage of opportunities left over by wary investors or motivated sellers, according to its U.S. Securities and Exchange Commission filing. It also said it planned on becoming a real estate investment trust by the end of the year, and would be...
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