Cerberus

Cerberus Asset Backed Opportunities ("CABO") is Cerberus' dedicated asset-backed credit platform, specializing in residential and consumer credit. Established in 2008, CABO manages over $23 billion in assets (as of July 31, 2026) building a meaningful presence in residential mortgage credit and investing across consumer credit and the broader asset-backed finance market.

CABO pairs substantial investment experience with proprietary operating businesses across mortgage origination, loan acquisition and securitization, and asset management, giving the platform control at each stage of the asset lifecycle.

CABO works with Life and Property & Casualty ("P&C") insurers, drawing on the platform's scale and infrastructure to develop solutions for insurance balance sheets. Whole-loan solutions and rated-note structures are designed with an insurer's risk-adjusted return and capital treatment objectives in mind, supported by operating companies that source assets at cost-plus and manage them at scale.