← Cerberus Levered Loan Opportunities

Cerberus Institutional Partners V, L.P.

Cerberus Levered Loan OpportunitiesVINTAGE 2012

NET IRR

13.4%

TVPI

1.89x

DPI

1.60x

COMMITMENT

$400M

LP SOURCES

2

VALUATION SPREAD1.89x – 1.91x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
CalPERS	2025-09-30	$400M	$479.3M	13.4%	1.89x	1.60x	SOURCE ↗◆
PA PSERS	2025-09-30	$200M	$208M	12.3%	1.91x	—	SOURCE ↗◆