Centerbridge Partners

Founded in 2005 by Jeffrey Aronson and Mark Gallogly, Centerbridge Partners emerged as a significant player in the private equity and distressed debt space. The firm’s founders brought extensive experience from Angelo, Gordon & Co. and Blackstone, respectively. The firm raised its debut fund of $3.2 billion in 2006 and has since expanded its offerings to include special credit funds and activist-oriented strategies.

The firm engages in both control-oriented investments, such as private equity and loan-to-own debt strategies, and non-control opportunities in public markets. Centerbridge gained significant notoriety for its role in restructuring distressed debt, including its controversial involvement with Puerto Rican government bonds and the rescue of Spanish energy giant Abengoa.

Throughout its history, Centerbridge has been an active acquirer in the hospitality, food service, and renewable energy sectors. Notable transactions include the acquisition of Extended Stay Hotels, P.F. Chang's China Bistro, and the world's largest indoor water park chain, Great Wolf Resorts. The firm maintains a global presence with its primary headquarters in the Seagram Building in New York City and an additional office in London.