Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. The firm manages over $25 billion of assets and is based in New York City, with an additional office in London. The firm is a "hybrid" alternative asset investment fund, in that it invests in both control (private equity and public debt with a "loan-to-own" strategy) and non-control situations (public market debt, public market equities, and other publicly traded securities).