Cerberus Capital Management has completed a $2.3 billion continuation vehicle for Subsea Communications, a major infrastructure investment in undersea cable systems. The single-asset CV was led by CVC Secondary Partners, securing substantial commitments from institutional investors.

This transaction represents one of the largest continuation vehicles in the infrastructure sector, allowing investors to extend their exposure to Subsea Communications' portfolio of submarine cable assets. Continuation vehicles have become increasingly popular as private equity firms seek to hold high-performing assets beyond traditional fund lifecycles.

The deal underscores growing investor appetite for digital infrastructure investments, particularly in the undersea cable market which supports global internet connectivity and data transmission. With demand for bandwidth continuing to surge, Subsea Communications' assets are positioned to benefit from long-term growth trends in cloud computing and international communications.