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Deals Rumor Mill: Cerberus Capital, Genworth Financial, Belk

By Benjamin Horney (April 2, 2015, 5:51 PM EDT) -- Cerberus Capital Management LP hopes to raise upwards of $3 billion for a new private equity fund, which will invest in distressed assets like nonperforming loans and struggling companies in need of restructuring, Reuters reported on Thursday. According to the report, Cerberus has told investors that it has a target for the fund, which will be called Cerberus Institutional Partners VI, of between $3 billion and $3.5 billion. The fund will be capped at $4 billion, and the fundraising process has just recently begun, the report added....

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