6 days ago
Cerberus eyes P15-B new investments in PH
Cerberus' investment announcement came following the meeting between President Ferdinand 'Bongbong' Jr. and US President Donald Trump in Washington D.C. early this week.
American alternative investment firm Cerberus Capital Management is investing an additional P15 billion ($250 million) for new projects in the Philippines over the next 12 months.
Cerberus' investment announcement came following the meeting between President Ferdinand 'Bongbong' Jr. and US President Donald Trump in Washington D.C. early this week.
The investment firm said its planned investments in the Philippines include further upgrades to the Agila Subic Shipyard, as well as new projects in logistics, energy, and transport infrastructure.
'We're encouraged by the progress we've seen and by the strong support from the Philippine government,' said Cerberus Managing Director Alexander Benard.
'We believe the Philippines holds significant long-term potential as a regional hub for industrial and logistics activity. We look forward to building on this momentum and supporting the development of our key strategic assets in the Philippines,' said Bernard.
Cerburus recalled that in 2022 it made a landmark investment in the Philippines by acquiring and revitalizing the former Hanjin Shipyard in Subic Bay — now known as the Agila Subic Shipyard.
The investment firm acquired the Hanjin Shipyard for $300 million.
The shipyard now hosts major tenants including HD Hyundai Heavy Industries — the world's largest shipbuilder — SubCom, a global leader in subsea cable systems, V2X, a publicly listed logistics firm, and the Philippine Navy, which operates a portion of the facility.
Cerberus said that HD Hyundai Heavy Industries, originally slated to begin shipbuilding operations in January 2026, is now set to commence ahead of schedule, with a steel-cutting ceremony planned for the last quarter of 2025.
Beyond Subic, the company said it is pursuing additional investments in critical infrastructure and logistics projects across the country. — BAP, GMA Integrated News
