Cerberus hires new head of strategic investments

Cerberus Capital Management tapped Gregory Nixon as the firm's head of strategic investments, senior managing director and senior legal counsel.

Nixon has partnered with the $50 billion private equity, credit and real estate firm and its affiliates across a diverse array of projects and investments and has been managing director with Cerberus operations team and has served on the board of directors for Cerberus portfolio companies, including most recently at Navistar Defense, where he is chairman, and Sparton Corporation.

In this new role, Nixon will focus on investment opportunities with the potential to drive . . .

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