Distressed fund research profile
Cerberus is a global distressed-credit investor with an India franchise focused on stressed loans, asset-reconstruction opportunities and complex capital solutions. The public India record is transaction-led rather than a separately disclosed India fund: it includes the Altico process, bids around Yes Bank’s ARC and later high-yield and resolution financings.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Cerberus Capital (India) uses a distressed / npl approach across Stressed assets, corporate credit, real estate.
Current evidence
Cerberus appointed Rahul Sangwan as Head of India in 2025. Public 2025 transaction records also identify Cerberus in financing for Hindusthan National Glass / Goswami Infratech and in the Shapoorji Pallonji refinancing. These are attributable India credit transactions, not evidence of a separately disclosed India fund size or return series.
Strategy
Distressed / NPL
Sector focus
Stressed assets, corporate credit, real estate
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Cerberus appointed Rahul Sangwan as Head of India in 2025. Public 2025 transaction records also identify Cerberus in financing for Hindusthan National Glass / Goswami Infratech and in the Shapoorji Pallonji refinancing. These are attributable India credit transactions, not evidence of a separately disclosed India fund size or return series.
Investor questions
Cerberus Capital (India) is covered in Rupeia's private credit research universe. The current public record describes the strategy as Distressed / NPL, with a sector focus of Stressed assets, corporate credit, real estate. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Cerberus Capital (India) in the reviewed public sources: Altico; Yes Bank ARC-related bids; Goswami Infratech / Hindusthan National Glass; Shapoorji Pallonji financing. It does not represent a complete current portfolio unless the manager has published one.
Public reporting documents Cerberus participation in the Altico process and the 2025 Shapoorji Pallonji financing; these are deal and exposure signals, not a disclosed India-fund return. The manager’s India head appointment indicates an active local platform, while the current India book and realized returns are not separately disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Cerberus announced a global platform of about $70 billion in assets in its India-head appointment release; no India-dedicated private-credit fund size was identified.. Public terms or access information: India access appears to be through global or Asia credit vehicles and deal-specific capital; public sources do not state an India vehicle’s fee, carry, tenor or target return.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Rahul Sangwan (Head of India); Vikas Upadhyaya (India managing director). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: No India-dedicated vehicle size, fee/carry terms, audited returns or complete current India book was identified; only named public transactions are retained..
2025-12-31: Cerberus appointed Rahul Sangwan as Head of India in 2025. Public 2025 transaction records also identify Cerberus in financing for Hindusthan National Glass / Goswami Infratech and in the Shapoorji Pallonji refinancing. These are attributable India credit transactions, not evidence of a separately disclosed India fund size or return series.
Next step
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