Private equity firm is looking to capitalise on a growing supply of such deals in Europe and other markets

Former Reporter

Cerberus Capital Management is betting big on bad loans.

The New York-based firm, which holds equity stakes in Avon Products and Deutsche Bank, has raised $5.1bn to buy non-performing loans, or NPLs, to capitalise on a growing supply of such deals in Europe and other markets.

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Cerberus raises $5.1bn to buy bad loans

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