Centerbridge Partners

 Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities.

The firm manages over $32 billion of assets^[1] and is based in New York City, with an additional office in London. The firm invests in both control (private equity and public debt with a "loan-to-own" strategy) and non-control (public market debt, public market equities, and other publicly traded securities) opportunities.

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.^{[citation needed]}