Founded in 1992 and based in New York City, Cerberus Capital Management is a global alternative investment firm co-founded by Stephen Feinberg and William L. Richter. The firm manages approximately $70 billion in assets across complementary credit, private equity, and other investment strategies.

Cerberus deploys capital across private equity, credit, and venture investments, backing companies in technology and other sectors. In March 2026 it joined Khosla Ventures in PrismML's $16.25 million seed round, supporting the company's small-language-model platform for on-device inference.