Cerberus Global NPL Fund, L.P.

Evolution and Growth of Cerberus Macro Events Cerberus Response Cerberus Product Evolution >>> Early-Mid 1990's >>> U.S. Savings and Loan Crisis Established franchises: >> Corporate Credit Founded in 1992 during the U.S. Savings and Loan Crisis Direct Lending >>> Late 1990's Proprietary and Confidential | Not for Further Distribution Asian Financial Crisis Leveraged U.S. experience into first-mover advantage in Asia Extended NPL franchise to Asia Migrated into Private Equity as a result of Distressed-for-Control investment strategy Created predecessor to COAC >>> Early 2000's 8 European Unification embers Asian teams to Germany to capitalize on distressed opportunities Extended Corporate Credit & Distressed Debt and Non- Performing Loan franchises to Europe Global Financial Crisis Hired Mortgage Securities teams during financial crisis Established Mortgage Securities and Assets businesses as banks vacated the market 2010+ >>> Post-Financial Crisis Expanded Proprietary Operating Platforms (1) erberus och Lund LP. - North Pota Suresent Board Created proprietary operating platforms in the U.S. (FirstKey) and Europe (CES) to increase competitive advantages (1) The fees and expenses associated with COAC, CES, FirstKey and other affiliated service providers are borne by the Cerberus Funds in accordance with the applicable Cerberus Funds' organizational documents. Cerberus expects to form additional affiliated servicer entities in the future. cerberus

View entire presentation