Cerberus Capital Management, L.P. is an American private equity firm. The firm is based in New York City, and run by financier Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a senior managing director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia. Cerberus Capital Management, L.P. is a private equity firm specializing in investments in undervalued companies and distressed debt. The firm seeks to invest in aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, logistics, technology and telecommunications, transportation, and travel and leisure sectors. For distressed investing, it focuses on Europe, Asia, and the United States. It holds controlling or significant minority interests in its investee companies. The firm also seeks to invest in credit opportunities in Europe. Cerberus Capital Management, L.P. was founded in 1992 and is headquartered in New York, New York with additional offices across the United States, Europe, and Asia.