Centerbridge Raises Over $1B for Distressed-Debt and Buyout Fund

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.

 


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...