The BRIGADE CAPITAL is a publicly held investment adviser that advises $58.55Bn in regulatory assets under management held in 3 SEC fund types across 4 investment strategies. BRIGADE CAPITAL is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 13.98% over the last 5-years.
The Group has been registered with the SEC for 16.96 years and is comprised of 2 filing and 1 relying advisers. They operate out of 3 office locations with their Headquarters at 399 PARK AVENUE 16TH FLOOR, NEW YORK, NY. The Group has not been subject to regulatory enforcement actions. They are regulated by 4 US and Non-US bodies.
They have 122 employees comprised of 48 investment and 74 non-investment staff. The total number of Employees increased by 11.93% over the last 5-years.
Their $58.55Bn in assets advised are owned by 97 private funds, 5 public funds and BDCs and 35 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $48.65Bn or 83.1% of Total Assets and Government Entities and Pension Plans own $4.58Bn or 7.83% of Total Assets.
The Group's top investment strategies include FI/Credit - Asset Backed Securities, FI/Credit - Diverse and Multi Strat, representing 61.82%, 33.41% and 4.44% of total assets, respectively.
They advise 4 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Government Entities and Pension Plans.
The Group uses 5 Fund Administrators, 3 Fund Auditors, 4 Prime Brokers, 9 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses advisory fees, management fees and performance-based fees.
BRIGADE CAPITAL names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In BRIGADE CAPITAL's case, they have 18 business conditions that require high process maturity and 1 Watch Factors.