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

Dec 1 2010 | 9:08am 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of