The Special Credit Funds employ an active, flexible investment approach across the credit spectrum and seek to identify investments that have been overlooked or misunderstood by the market. The strategy applies a multi-pronged analytical approach to credit investing that combines elements of traditional value investing together with event and legal analysis, pivoting between public and private credit markets based on prevailing market conditions.
In 2024, Centerbridge launched Overland Advantage, a business development company, benefitting from a strategic sourcing relationship with Wells Fargo and employing an innovative investment strategy focused on direct lending to non-sponsor and select sponsor North American middle-market companies.
Centerbridge Insurance Solutions (“CIS”) acts as the conduit for our insurance clients, leveraging the firm’s capabilities as we seek to pursue what we consider to be best-in-class risk-adjusted investments optimized for insurance companies.
In 2021, we announced our partnership with Massachusetts Mutual Life Insurance Company and Barings Asset Management to start a new annuity reinsurer called Martello Re.
The Centerbridge liquid performing credit platform manages CLOs and CBOs that invest in broadly syndicated loans and high yield bonds, with the goal of preserving and building par while optimizing returns to equity. The platform has issued over 10 CLOs and CBOs since 2021. As of September 2025, the Centerbridge Credit Funding and Park Blue CLO platforms manage approximately $4.4 billion of assets across its CLOs and CBOs.