Big-name firms including KKR, Cerberus Capital Management LP, Providence Equity Partners and Wilbur Ross Jr.

WSJ: Private-Equity Firms Forced to Evolve

Lone Star Funds and Cerberus Capital Management LP already have purchased portfolios of defaulted home loans from struggling banks.

WSJ: In Spain, a Property Bargain-Hunter's Dream

Kodak has also held discussions with bondholders and a group led by investment firm Cerberus Capital Management LP about a bankruptcy financing package, the people said.

WSJ: Kodak Preparing for Chapter 11 Filing

The private-equity firm Cerberus Capital Management LP announced it no longer wants the political liability of owning Bushmaster, maker of the semi-automatic rifle used by the Sandy Hook killer, as well as Remington Arms, Marlin, Bushmaster, DPMS, Barnes Bullets, Para USA and more.

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