Centerbridge Credit Fund Soars 90 Percent on Pandemic Disruption Bets
Centerbridge Credit Fund Soars 90 Percent on Pandemic Disruption Bets Related Stories March 22, 2021 March 18, 2021 March 3, 2021 A $3 billion credit fund Centerbridge Partners began investing in March returned an annualized 90% in 2020, making it a top performer among vehicles designed to take advantage of pandemic-related price dislocations. As the pandemic took hold in the U.S., Centerbridge deployed $1.8 billion in funds following its special credit strategy, according to people with knowledge of the matter. It continued to invest additional money in beaten-down debt through year-end, th...
Source: themiddlemarket.com