Centerbridge perception on the street?
Obviously seems like a lot of hardos across the board at Centerbridge. People are from Lazard / PJT / Moelis etc.
Does it seem like they've had issues fundraising? What is the culture like in the credit team? What are the hours for those folks? Would you recommend it as a good UMM to work at?
bumppppp
I can't speak to credit specifically but would say overall that they're well pedigreed and a bit sharp elbowed. People seem smart but returns haven't been incredible. They had a $6B+ fund and think they flopped with their last fundraise, pulling like half of what they had in their last fund. Their co-founder, Mark Gallogly, retired two years ago, so perhaps that impacted fundraising. Known to be sweaty but honestly know of firms that are worse. They have historically paid very well.
The recent performance would give me pause about a longer-term seat but an option at least worth considering for an associate stint, especially if you're interested in distressed investing (mind you, they also do vanilla buyout).
It's kind of like working at a boutique bank. You'll get a good experience and you'll also get many interviews afterward due to the firm's great reputation.
Simply not what it used to be but still solid gig.
what changed? when was it at its peak?
Centerbridge are shit investors. Juniors are strong.
Repellat ducimus aut cum velit veniam. Recusandae dolorem sapiente quam ut optio perferendis asperiores architecto. Corrupti aut qui quia minima est id id. Et libero quas quia numquam. Impedit commodi tenetur possimus exercitationem nemo consequatur. Aspernatur eius officia qui natus exercitationem et natus enim. Et in at rerum aut voluptatum.
Earum tenetur facilis repudiandae fugiat. Nihil officiis minus eos aut ratione vitae.
Voluptatem dolor est quidem omnis ipsam quia quod. Sit deserunt molestiae inventore cum in. Dolor error vero hic non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...