Centerbridge targets $6bn

The New York firm has launched its fourth buyout fund.

Fund name: Centerbridge Capital Partners Fund IV
Target size: $6 billion
Launch date: October 2020
Predecessor fund: Centerbridge Capital Partners III ($6.17 billion)

Centerbridge Partners is targeting $6 billion for Centerbridge Capital Partners Fund IV, according to a Form D filed by the firm. Capital raised by the vehicle will be used to invest in companies throughout North America and Europe across diversified sectors.

The firm’s predecessor, Centerbridge Capital Partners III, launched in July 2014 and closed in October 2014 at $6.17 billion, exceeding its $5.75 billion target.