UPDATE 2-Cerberus to suspend withdrawals from fund-source

Newswire

(Changes sourcing, adds TPG background and byline) By Jui Chakravorty Das NEW YORK, Dec 23 (Reuters) - Cerberus Capital Management plans to pay 20 percent of year-end withdrawals in cash and suspend the remaining withdrawals for investors in its Cerberus Partners fund, a source briefed on the matter said on Tuesday. Cerberus plans to suspend year-end withdrawals for up to one year, founder Stephen Feinberg said in a letter to the investors of the fund. "When we wrote to you at the ...

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