Saturday, 20 December 2014
Last updated 18 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.