Cerberus appoints new MD

Cerberus Capital Management LP has hired Andrew Frank as managing director. Previously, Frank worked at Stifel Nicolaus where he served as managing director and head of syndication for all debt capital market activity.

PRESS RELEASE

NEW YORK, April 9, 2015 /PRNewswire/ — Cerberus Capital Management, L.P. (“Cerberus”) today announced that Andrew Frank has joined the firm as Managing Director. Mr. Frank will be based in New York and will be primarily responsible for non-sponsor backed lending as well as creating and managing partnerships with other lending institutions, intermediaries and advisory firms.

Prior to joining Cerberus, Mr. Frank was a Managing Director and head of syndication for all debt capital markets activity at Stifel Nicolaus from 2010 to 2014. Previously, Mr. Frank worked at Merrill Lynch in its Structured Credit Products group, where he originated, priced and helped distribute approximately $25 billion of structured transactions. Mr. Frank began his career in Deloitte & Touche’s Securitization Transactions Team.

About Cerberus Capital Management, L.P.
Established in 1992, Cerberus Capital Management, L.P. is one of the world’s leading private investment firms. Cerberus has more than US $25 billion under management invested in four primary strategies: distressed securities and assets; control and non-control private equity; commercial mid-market lending and real estate-related investments. From its headquarters in New York City and large network of affiliate and advisory offices in the U.S., Europe and Asia, Cerberus has the on-the-ground presence to invest in multiple sectors, through multiple investment strategies in countries around the world.