Centerbridge is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. The firm manages over $25 billion of assets and is based in New York City, with an additional office in London. The credit, distressed strategies & special situations platform currently totals approximately $15 billion in capital under management1 across one open-end and three closed-end funds. The firm is a "hybrid" alternative asset investment fund, in that it invests in both control (private equity and public debt with a "loan-to-own" strategy) and non-control situations (public market debt, public market equities, and other publicly traded securities). The firm 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.