Centerbridge Raises Almost $2 Billion For Activist Credit Fund

Mar 19 2012 | 12:03pm ET

In just two weeks, Centerbridge Partners has its newest fund near capacity.

The New York-based firm has raised $1.95 billion for its new credit fund, which opened to investors on March 1, it said last week. The fund has a capacity of $2.01 billion, according to a Securities and Exchange Commission filing.

The new fund is a follow-up vehicle to Centerbridge's three-year-old activist credit fund. It is managed by firm founders Jeffrey Aronson and Mark Gallogly.

Centerbridge has some $17 billion in assets under management.


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