Centerbridge Partners, L.P. is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities.

[citation needed] In September 2006, the firm raised its debut fund with $3.2 billion of investor commitments to focus on control investments in distressed securities as well as leveraged buyout transactions.

[5] In 2010, the firm announced plans to begin marketing a second investment fund with a target of $3.75 billion of investor commitments.

[6] In 2011, the firm closed its second flagship fund, Centerbridge Partners II, on $4.4 billion, including a commitment from the GP.

[15][16] During the 2020 Democratic Party presidential primaries, Pete Buttigieg received scrutiny for accepting donations from members of Centerbridge due to the firm's "reputation for its work buying up distressed debt in Puerto Rico.