WASHINGTON, June 6 (Reuters) - U.S. private equity firm Cerberus Capital Management LP has set up affiliates aiming to raise up to $11.01 billion, according to recent regulatory filings.
Six affiliates said in filings with the U.S. Securities and Exchange Commission that the money raised will be used for investment capital, and that they have already raised about $10.47 billion through the sale of limited liability company interests.
Last month, Cerberus grabbed headlines by saying it would buy a majority of DaimlerChrysler's (DCXGn.DE: Quote, Profile, Research struggling Chrysler Group for $7.4 billion.
The New York-based firm has been active in the auto industry in the past with General Motors Corp. (GM.N: Quote, Profile, Research last year selling a 51 percent stake in its financing arm, GMAC, to a consortium led by Cerberus in a deal worth about $14 billion. The Cerberus affiliates that filed with the SEC on May 17 include Cerberus FIM Investors LLC, Cerberus FIM Investors Rescap LLC, Cerberus FIM Investors Commercial Mortgage LLC, Cerberus FIM Investors Auto Finance LLC, Cerberus FIM Investors Insurance LLC, and Cerberus FIM Investors Commercial Finance LLC.
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