Centerbridge Partners related stories
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Friday Letter: Going it aloneLPs shifting away from fund commitments and towards direct investments could be biting off more than they can chew.
- UN hires TorreyCove as private equity advisor
The $43bn United Nations Joint Staff Pension Fund has been gradually growing its alternatives programme, and recently hired the David Fann-led group to consult on private equity.
- Apollo agrees $975m grocery exit to Ares
Ares Management reportedly beat rival Centerbridge Partners to acquire food retailer Smart & Final, which Apollo purchased in 2007.
- Kansas commits to Ares as it builds portfolio
KPERS carved out a separate private equity allocation in 2007 and has been slowly working to build exposure to the asset class. At a time when many other US public pensions are trimming back their portfolios, Kansas has room to grow.
- Bank looks to PE to shore up balance sheet
Warburg Pincus, KKR and Centerbridge Partners have injected $1bn into Santander Consumer USA, a car financing subsidiary of Grupo Santander.
- Centerbridge makes $300m pharmaceutical bet
The New York firm has invested in Remedi SeniorCare, a Sterling Partners portfolio company, on the heels of closing its latest fund at $4.25bn.
- UN pension backs Centerbridge and Lexington
The $43bn United Nations Joint Staff Pension Fund carved out a 6% allocation to private equity last year and has made its first commitments to big funds this summer.
- Centerbridge nears final close on Fund II
The firm, run by Mark Gallogly (pictured) and Jeffrey Aronson, will hit the hard-cap of $4.25bn on the second fund, which launched in July and had collected $2.5bn by January.
- Wisconsin commits $265m to private equity
The state’s board of investments, which oversees $83.8bn in assets, committed to Centerbridge Partners, Cortec Group, Excellere Capital and GTCR in the past few months.
- Blackstone reportedly among bidders for Centro assets
GIC, Centerbridge and Oaktree are also said to be bidding for the assets of the ailing Australian property investment firm.