Cerberus Uses $2.3 Billion Continuation Vehicle to Double Down on Digital Infrastructure
Transaction centred on subsea cable operator SubCom highlights growing role of secondary markets in financing long-duration AI and communications infrastructure assets. Cerberus Capital Management has closed a $2.3 billion single-asset continuation vehicle focused on SubCom, the subsea fibre-optic cable company, in a deal that underscores the increasing convergence between private equity secondaries and critical digital…
