Centerbridge Partners Overview
Centerbridge Partners is a multi-strategy private equity firm that is focused on LBO and distressed securities.
The firm invests in both non-control (public market equities, public market debt, and other publicly traded securities) and control (public debt with a “loan-to-own” approach and private equity) opportunities.
Centerbridge Partners employs a One Team approach which utilizes an integrated team across Real Estate, Private Credit, and Private Equity. This integrated team has extensive understanding of industry trading and sectors which allows them to pivot across strategies, market cycles and sectors and capitalize on opportunities.
The firm was established in 2005 by Mark Gallogly and Jeffrey Aronson. The firm is headquartered in New York City with an additional office in London.
Centerbridge Partners AUM
According to the latest regulatory filings, Centerbridge Partners has $49.6 BB in assets under management as of March 31, 2023.
Centerbridge Partners Interview Process & Questions
Firms can make modifications in their interview process for each candidate. However, when you interview at Centerbridge Partners (or similar firms), you can expect the following:
- Around 4-6 rounds of interviews
- Junior investment professionals supervise the initial rounds, while the senior staff handle the later phase of the interview.
- The whole process can take multiple weeks – unless it’s an on-cycle or on-campus recruiting
Interviews at Centerbridge Partners will be a mixture of a set of questions: fit, behavioral, and technical / investing.
Need help preparing for interviews? My Growth Equity Interview Guide is right for you.
Why Centerbridge Partners
The most common question you’ll receive during interviews is “Why this firm”.
If you’ve done networking prior to your interviews, this is your chance to mention whoever you’ve met and how they’ve positively influenced your decision to apply at their firm.
Also, I would recommend learning more about the firm. A great way to do this is to listen to interviews with its founders, investors, and employees.
To start, here’s an interview with Matthew Kabaker, Senior Managing Director at Centerbridge Partners:
Centerbridge Partners Case Study
Case studies almost always show up during interviews at firms like Centerbridge Partners. The reason is firms use case studies to evaluate each candidate’s technical and communication skills – both crucial to investor’s success.
Most case studies revolve around investment recommendations and financial modeling. But for junior roles, cold calling case study may also be required.
For case study preparation, check out my Growth Equity Interview Guide.
Centerbridge Partners Salary & Compensation
According to Glassdoor, Centerbridge Partners offers annual salaries of $143,451 on average to their associates. Figures may vary depending on various factors such as location, experience, and education. No recent data for analyst hires.
From other publicly available sources, recent associates have earned $150,000 per year from Centerbridge Partners.
Centerbridge Partners Careers, Jobs, & Internships
To see the most recent open roles at Centerbridge Partners, visit our job board which features promising opportunities for them and other growth / VC firms.
Centerbridge Partners Portfolio & Investments
According to Crunchbase, Centerbridge Partners has made 20 investments across 2 funds. Some of their notable deals include Stenn Technologies, Garrett Motion, and Netwrix
Notable Transaction: Pie Insurance
Pie Insurance is a company which utilizes technology to change how small businesses purchase and experience commercial insurance – with the goal of making it easier to acquire and more affordable.
In September 2022, Pie Insurance secured $315 million from a Series D funding.
Centerbridge Partners and Allianz X (Allianz Group’s digital investment arm) led the round, with participation of White Mountains, Gallatin Point Capital, Acrew Capital, and Greycroft.
Pie’s total capital raised doubled to over $615 million due to the Series D funding – which is also the biggest round of financing of US-based P&C insurtech company in 2022.
The funds enable Pie Insurance to keep providing millions of small businesses in America access to affordable and simple commercial insurance. Pie will also use the fund to support their growth plans.
Centerbridge Partners is an excellent firm to build your career in finance. If you want to be part of their team, you have to stand out during your interviews. For that, I would recommend my Growth Equity Interview Guide which is a self-paced online course designed to teach you the critical topics such as case study, financial modeling, and many more. Check it out and start learning today!