Centerbridge Partners, L.P. (New York)

Centerbridge Partners, L.P. is a large advisory firm based in New York. It manages $22.03 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Centerbridge Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Centerbridge Partners: assets under management

The assets under management (AUM) of Centerbridge Partners, L.P. is $22.03 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 10% since the beginning of its operation, and $563.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $22.03 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 billion each.

Centerbridge Partners has custody of $22.03 billion in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Centerbridge Partners, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Centerbridge Partners serves?

The only and largest group of clients of Centerbridge Partners is pooled investment vehicles with 18 clients and $22.03 billion of assets under management. Among the 10 most similar advisory firms, Centerbridge Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $22.03 billion for 18 clients. 6% of the firm’s clients are foreign persons or businesses.

Centerbridge Partners also advises several private funds. Namely, thirty eight hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Centerbridge Partners, L.P.

The company employs 257 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 39 indirect owners.

Based in New York

The principal office where Centerbridge Partners, L.P. performs its advisory services is located at 375 Park Ave, 11 Th Floor, New York, NY 10152, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-672-5000 or by fax 212-672-5001. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at centerbridge.com/.

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