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To respond to the tragedy and its potential fallout, according to a person familiar with the firm’s discussions.

While concern from Cerberus’s investors - as well as a swirl of media attention - had an impact on the decision to sell, the leadership of the private equity firm debated through the weekend how That is the job of our federal and state legislators.” “It is not our role to take positions, or attempt to shape or influence the gun control policy debate. “As a firm, we are investors, not statesmen or policy makers,” the Cerberus statement said. To sell Freedom, which makes the Bushmaster rifle used in the massacre. Yet in a sign of how deep the shooting rampage in Newtown, Conn., has resonated throughout the country, Cerberus signaled that it wanted to remove itself from the uproar over the nation’s gun laws in seeking While their influence is vast, it is usuallyĮxerted behind the scenes and rarely prompts snap business decisions. Officially, the California State Teachers’ Retirement System, or Calstrs - have hundreds of billions of dollars in private equity and hedge fund investments. Public pension funds like the California one. The move by Cerberus is a rare instance of a Wall Street firm bending to concerns about an investment’s societal impact rather than a profit-at-all-costs ethos. “It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level,” Cerberus said in a statement. How Freedom Group Became the Big Shot (Nov.