NPLs and NPL Portfolios
Cerberus has been one of the world’s leading investors in non-performing loans (NPLs) and NPL portfolios since 1998.
As financial institutions seek to remove NPLs from their balance sheets, we are uniquely positioned with the right mix of sophisticated financial expertise and the infrastructure, capital and experience to service distressed loans. In Europe, Cerberus’ seasoned investment professionals, with deep experience in NPLs and structured transactions, have a vast network of sourcing relationships and strategic partnerships. These investment professionals have significant experience in multiple sectors through various market cycles, providing for a trusted reputation in the NPL community that aids in the sourcing process. Cerberus has the ability to access off-the-run opportunities, predominately in small and exclusive transactions with limited competition, given multi-layered relationships with banks across Europe.
In addition to the large scale investment team predominately composed of European nationals, Cerberus has established Cerberus European Servicing, Ltd. (“CES”), with offices in London and Belfast. CES is an in-house servicing platform to aid in the process of managing loans and asset portfolios, to oversee and work closely with third-party servicers and operating partners, to support acquisition teams and to execute underwritten business plans. By utilizing both internal and external servicers, Cerberus is able to establish robust loan servicing practices, which Cerberus believes has been a crucial component of its ability to invest successfully in NPLs.
Cerberus has ranked as the leading purchaser of European NPLs according to reports by Cushman & Wakefield in 2013, 2014, and 2015, and Evercore in 2014, 2015, and 2016, and we have an active presence in key markets across the continent.