Monday, 25 May 2015
Last updated 3 days ago
Dec 1 2010 | 8:08am ET
Centerbridge Partners has raised $1.15 billion for its second private equity fund focused on buyouts and restructuring, according to regulatory filings.
The Centerbridge Capital Partners II fund has a target of $3.75 billion, according to an overview of key fund terms sent to prospective investors. That would exceed the $3.2 billion raised by its predecessor fund in 2006. The new fund carries a minimum contribution of $10 million.
New York-based Centerbridge Partners was co-founded by Mark Gallogly (formerly of Blackstone Group) and Jeff Aronson (formerly of Angelo Gordon & Co). It focuses on both regular buyout deals and distressed deals and its typical investment is in the $50 million to $300 million range.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…