partners . centerbridge partners type private ownership industry hedge fund private equity founded 2006 headquarters seagram building new york city new york united states products leveraged buyouts distressed securities total assets 25 billion website www.centerbridge.com centerbridge partners is a multi strategy private investment firm focused on leveraged buyouts and distressed securities . the firm manages over 25 billion of assets 1 and is based in new york city with an additional office in london . the firm is a hybrid alternative asset investment fund in that it invests in both control private equity and public debt with a loan to own strategy and non control situations public market debt public market equities and other publicly traded securities . the firm 2 was founded in 2005 by jeffrey aronson and mark gallogly . aronson had previously been the head of distressed securities and had founded the leveraged loan business at angelo gordon & co. which he had joined in 1989 from l.f. rothschild & co. gallogly was formerly a senior managing director and head of private equity investments at the blackstone group from 2003 until his departure . at blackstone gallogly was heavily involved in the firm s investments in new skies satellites and sirius satellite radio among others and had joined the firm in 1989 from manufacturers hanover trust company where he worked in acquisition finance . in september 2006 the firm raised its debut fund with 3.2 billion of investor commitments to focus on control investments in distressed securities as well as leveraged buyout transactions . 3 4 the firm also raised a 2 billion noncontrol activist oriented credit trading fund known as centerbridge special credit partners through 2009 and 2010 . 5 in 2010 the firm announced plans to begin marketing a second investment fund with a target of 3.75 billion of investor commitments . 6 in 2011 the firm closed its second flagship fund centerbridge partners ii on 4.4 billion including a commitment from the gp . 7 this was followed by a closing of its 2bn second special credit partners fund in march 2012 . 2 in 2010 centerbridge won control of extended stay hotels a company that gallogly had been involved with at blackstone . 8 on 24 september 2010 centerbridge capital partners announced acquisition of gmac commercial finance a subsidiary of ally financial . 9 on 22 january 2015 centerbridge partners announced its agreement to buy senvion se from indian wind turbine manufacturer suzlon . 10 on 24 march 2015 centerbridge partners announced that they reached an agreement to acquire great wolf resorts the world s largest chain of indoor water park resorts for 1.35 billion . 11 references edit 1 . a b split in private equity funding . wallstreetjournal august 21 2012 centerbridge raises 3 billion for first buyout fund . bloomberg september 26 2006 centerbridge recruits for auto investments . financial news nov 30 2006 investors buy into centerbridge s do nothing strategy . wall street journal april 2 2010 centerbridge aims for 3.75 billion on distressed debt and buyout fund . dow jones private equity analyst august 6 2010 centerbridge in lightning quick fundraise . private equity international may 25 2012 centerbridge snares extended stay . wall street journal may 29 2010 centerbridge acquires resort finance business from gmac commercial finance . prnewswire . deals of the day mergers and acquisitions . reuters . retrieved 2014 01 22 . http www.reuters.com article 2015 03 24 us great wolf m a centerbridge iduskbn0mk1v220150324 external links edit centerbridge partners company website centerbridge partners nyt deal book v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate 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