Centerbridge Partners: YoY Form ADV filings reveal 57% increase of AUM to $49 B

Centerbridge Partners, L.P. filed its most recent ADV on August 22, 2023.

Between August 2022 and August 2023, key metrics from the Form ADV filings showed significant growth.

Its largest client type are pooled investment vehicles and the firm attributes 66.67% of its AUM to pooled investment vehicles. 

Key highlights from form ADV filings

Total Assets Under Management (AUM) soared from $31.4 billion to $49.6 billion, marking a 57.88% increase year-over-year. The total number of accounts managed also saw a modest rise, from 30 to 33.

Additionally, the employee count experienced a slight uptick, increasing from 242 to 246. The firm has 82 active private funds with a total gross asset value of $41 B.

Private Funds 

Modified 

Centerbridge Partners disclosed modifications for its 60 private funds. Here are changes that occurred for 7 of the 60 private funds. 
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Centerbridge Credit Partners Offshore, Ltd.

• Gross Asset Value: New: $225.1M, Old: $287.8M
• No. of Beneficial Owners: New: 73, Old: 75
• Non-US Ownership: New: 75%, Old: 72%
• Fund of Funds Ownership: New: 4%, Old: 5%

CCP II PFC Co-Invest, L.P.

• Gross Asset Value: New: $1.39M, Old: $10.54M
• Non-US Ownership: New: 67%, Old: 61%
• Fund of Funds Ownership: New: 53%, Old: 56%

Centerbridge Credit Partners TE Intermediate II, L.P.

• Gross Asset Value: New: $29.74M, Old: $37.25M
• Related Persons Ownership: New: 17%, Old: 18%
• Non-US Ownership: New: 0%, Old: 1%

CBrazil Holdings, L.L.C.

• Gross Asset Value: New: $25.76K, Old: $24.09M
• No. of Beneficial Owners: New: 592, Old: 602
• Related Persons Ownership: New: 0%, Old: 3%
• Non-US Ownership: New: 0%, Old: 21%
• Fund of Funds Ownership: New: 0%, Old: 7%

Amica Co-Invest, Limited Partnership

• Gross Asset Value: Not Applicable (Current: $0)
• Fund of Funds Ownership: New: 0%, Old: 35%
• Non-US Ownership: New: 0%, Old: 38%

Centerbridge Credit Partners Master, L.P.

• Gross Asset Value: New: $2.35B, Old: $3.29B
• No. of Beneficial Owners: New: 518, Old: 527
• Related Persons Ownership: New: 15%, Old: 19%
• Non-US Ownership: New: 9%, Old: 8%
• Fund of Funds Ownership: New: 5%, Old: 8%

Private Funds Added 

The firm added 22 private funds to its portfolio in the last year. Here are details of 7 of the 22.

Centerbridge Special Credit Partners IV - I Co-Invest, L.P.

• Current Gross Asset Value: $102.4M
• Added: 2022-11-18

Centerbridge Seaport Acquisition Fund, L.P.

• Current Gross Asset Value: $745.8M
• Added: 2022-11-18

CB Dessert Holdings, L.P.

• Current Gross Asset Value: $132.6M
• Added: 2022-11-18

CB Fresh Air Aggregator, L.P.

• Current Gross Asset Value: $28.3M
• Added: 2023-03-31

CB Faraday Co-Invest, L.P.

• Current Gross Asset Value: $448.1M
• Added: 2023-03-31

CB Faraday Co-Invest Holdings, L.P.

• Current Gross Asset Value: $86.5M

Private fund Removed

The following private master funds were removed on March 31, 2023. 

CB Celtic Topco, L.P.

• Current Gross Asset Value: $734.3M

CB Broadcast, L.P.

• Current Gross Asset Value: $37.7K

CB Outdoor, L.P.

• Current Gross Asset Value: $8.1K