Wednesday, September 27, 2006

Centerbridge’s Big Debut: a $3 Billion Buyout Fund

In a sign that investors continue to crave a piece of the private-equity pie, newly formed Centerbridge Partners has raised $3 billion for its first fund. The Financial News reported Wednesday that the sum is $500 million more than firm originally expected to collect in its fundraising debut.
Centerbridge’s new fund will invest in leveraged buyouts and distressed debt, or debt of financially troubled companies.

No comments: