Brigade Capital Management
Brigade Capital Management is a privately held, founder-led alternative asset manager operating a multi-strategy credit platform (liquid credit, structured credit, distressed, and private credit) for global institutional investors, managing approximately $31.2 billion in AUM.
- Company typePrivate
- Founded2006
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Brigade Capital Management does
Brigade Capital Management, LP is a privately held, SEC-registered alternative asset manager founded in 2006 by Donald E. Morgan III and headquartered in New York with a London office (Brigade Capital UK LLP). The firm operates a multi-strategy, multi-asset class credit investment platform spanning liquid credit (high yield, leveraged loans), alternative credit (distressed, special situations), structured credit (CLOs, ABS, CMBS, RMBS), and private credit. As of May 1, 2026, the firm managed approximately $31.2 billion in assets under management for a global base of institutional investors — pension funds, insurance companies, sovereign wealth funds, and family offices — through commingled funds and separately managed accounts. Brigade also runs a Global CLO and CBO Management Platform covering 32 transactions across the U.S. and Europe and has deployed bespoke middle-market direct lending through its Brigade Private Credit Solutions Fund.
The firm generates revenue primarily through management fees on AUM, performance fees/carried interest, and origination/transaction fees from private credit deals. Brigade's go-to-market is sales-led and relationship-driven, executed through a dedicated investor relations and marketing team that manages direct institutional relationships and engages with investment consultants across North America and Europe. On the origination side, Brigade Private Credit targets lower-to-middle-market and non-sponsor borrowers with bespoke senior secured term loans, asset-based loans, mezzanine financing, and minority equity capital. The firm employs a bottom-up, fundamental credit process organized around sector-focused research pods and an explicit "credit rotation" framework that dynamically allocates across capital structures through the credit cycle. The investment team expanded from approximately 45 professionals in May 2024 to 50 by February 2026, indicating measured, sustained build-out. Notably, Brigade and Macellum Capital Management jointly acquired Family Dollar from Dollar Tree in 2025 for approximately $1 billion as an operational turnaround investment — a departure from the firm's typical credit-only posture.
Brigade Capital Management firmographics
Firmographics- Name
- Brigade Capital Management
- Legal name
- Brigade Capital Management, LP
- Website
- https://brigadecapital.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Brigade Capital Management is a privately held, founder-led alternative asset manager operating a multi-strategy credit platform (liquid credit, structured credit, distressed, and private credit) for global institutional investors, managing approximately $31.2 billion in AUM.
- Ownership category
- akta.pro rank
Brigade Capital Management industry classification
Industry- Product category
- Alternative Credit Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Asset-Backed Securities (6189)
- akta.pro primary industry
- Direct Lending — Venture Debt (FSAHAJAD)
- akta.pro secondary industries
- Structured Credit Distressed (CLO/ABS/RMBS/CMBS) Funds (FSANAKAJ), Credit Relative Value & Capital Structure Arb (FSAHAGAE)
Keywords
Where Brigade Capital Management is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Brigade Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Management Fees: Management fees charged to institutional investors for assets under management across public and private credit funds and separately managed accounts
- Performance Fees / Carried Interest: Performance-based fees from investment returns generated for institutional clients across various credit strategies
- Private Credit Origination: Direct lending to lower-to-middle market borrowers generating interest income and origination fees from first-lien direct loans, mezzanine financing, and other credit solutions
Go-to-market motion2 records
Distribution channels2 records
Marketing channels1 record
Brigade Capital Management product offering
Product offeringCore offering
Brigade Capital Management is a global alternative asset manager that invests across the credit universe on behalf of institutional investors. Its core offerings include liquid credit strategies (high yield, leveraged loans), alternative credit (distressed, special situations), structured credit (CLOs, ABS, CMBS, RMBS), credit relative value, dislocation, long/short credit, and opportunistic credit strategies, alongside a Global CLO/CBO management platform with 32 transactions across the U.S. and Europe and a Private Credit Solutions Fund providing bespoke senior term loans, asset-based loans, and mezzanine financing to lower-to-middle market companies.
Product overview
Brigade Capital Management is a global asset management firm offering a multi-strategy, multi-asset class credit investment platform. The firm operates across the credit spectrum through distinct strategies including Liquid Credit (High Yield, Leveraged Loans), Alternative Credit (Distressed, Special Situations), Long/Short Credit, Opportunistic Credit, Dislocation, Structured Credit, and Credit Relative Value. The Global CLO and CBO Management Platform manages 32 transactions across U.S. and Europe. Brigade Private Credit provides bespoke financing solutions to middle-market companies. The recently launched Brigade Private Credit Solutions Fund represents the firm's inaugural dedicated private credit fund.
Differentiator
Problem solved
Functional benefit
Products and services
- Liquid Credit Strategies High Yield and Leveraged Loan strategies employing bottom-up, fundamental research-based processes focused on free cash flow generation, asset coverage, and relative value analysis, for institutional investors seeking income generation and long-term capital growth.
- Alternative Credit Strategies Distressed debt and special situations investments focusing on event-driven opportunities across capital structures during market stress or corporate transformations, for institutional investors seeking non-correlated returns.
- Long/Short Credit Strategy Absolute-return focused strategy investing across leveraged finance, high yield, distressed, structured credit, and leveraged equities, with dynamic net exposure management based on credit spreads and default rates.
- Opportunistic Credit Strategy Tactical allocation among credit sub-strategies including high yield bonds, leveraged loans, structured credit, and distressed debt, with potential macro hedges to reduce beta and dampen volatility.
- Dislocation Strategy Capitalizes on mispriced corporate and structured credit securities during market stress, trading high yield bonds, leveraged loans, CLO tranches, municipal bonds, and convertibles.
- Structured Credit Strategies Implements credit and fixed income instruments including synthetic structured credit and cash structured products (ABS, CLOs, CMBS, RMBS) to achieve equity-like returns with defined outcomes through fundamental credit analysis and structural expertise.
- Credit Relative Value Strategy Long-short approach in corporate and structured credit targeting uncorrelated returns through directionally neutral relative value investing across liquid credit derivatives, equity volatility, and corporate structured products.
- Global CLO and CBO Management Platform Manages 32 CLO transactions across the U.S. and Europe as of May 2026, with first CLO issued in 2007. Supported by sector-specific credit analysts evaluating loans throughout the leveraged finance market.
- Brigade Private Credit Solutions Fund Inaugural dedicated private credit fund with over $1 billion in investable capital, focused on first-lien direct loans to lower-to-middle market and non-sponsor borrowers, targeting complexity premiums in less efficient market segments.
- Brigade Private Credit Direct Lending Provides bespoke financing solutions to middle-market companies including senior term loans, asset-based loans, first-in-last-out facilities, second lien/mezz term loans, and minority equity capital for acquisitions, refinancings, and growth capital.
Quantifiable outcome
- Deployed approximately half of $1 billion inaugural private credit fund as of January 31, 2026
- +1 more outcomes
Companies that use Brigade Capital Management
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles2 records
Brigade Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Brigade Capital Management partnerships and signals
Strategic signalScale indicators6 records
Brigade Capital Management competitors and assessment
Company assessmentDirect peers
- Oaktree Capital Management: Oaktree is a leading alternative investment manager with a credit-heavy platform spanning high yield, distressed debt, private credit, and structured credit. Comparable multi-strategy credit approach and institutional LP base make it one of the closest direct peers to Brigade.
- Marathon Asset Management: Marathon is a credit-focused alternative asset manager with CLO management, private credit, and structured credit strategies. Direct comparable in size and strategy mix to Brigade's platform.
- Sixth Street Partners: Sixth Street is a multi-strategy alternative credit and direct lending manager with a similarly sized AUM base and institutional LP focus. Comparable direct lending, structured credit, and private credit strategies targeting complexity premiums.
- Ares Management: Ares operates a large alternative credit platform with strong private credit and direct lending franchises serving institutional investors. Brigade's Private Credit Solutions Fund and direct origination cadence closely parallel Ares' middle-market credit strategy.
- Angelo Gordon (TPG): Angelo Gordon (now part of TPG) is a multi-strategy alternative asset manager with credit, structured credit, and direct lending capabilities. Comparable boutique credit orientation and CLO/structured credit platform.
- Bain Capital Credit: Bain Capital Credit operates a multi-strategy credit platform including CLOs, direct lending, and special situations. Similar boutique-alternative scale and institutional mandate focus as Brigade.
Broad incumbents
- Blackstone Credit: Blackstone Credit is a large direct lending and credit franchise within the broader Blackstone platform. Larger scale and broader portfolio, but Brigade's middle-market focus and CLO franchise overlap with Blackstone Credit's strategy.
- Carlyle Group: Carlyle is a global alternative asset manager with a meaningful credit franchise including CLOs and direct lending. Operates as a broader alternatives platform but with credit strategies that overlap Brigade's structured and direct lending offerings.
- Apollo Global Management: Apollo is a global alternative asset manager with a massive credit and private credit franchise spanning CLOs, direct lending, and structured products. Larger and broader than Brigade but a meaningful benchmark for credit platform economics.
- KKR Credit: KKR operates a large credit franchise spanning direct lending, CLOs, and structured credit as part of a broader alternatives platform. Established incumbent with overlapping credit strategies but at materially larger scale.
Market position
Strengths4 records
Weaknesses4 records
Key risks6 records
Key highlights6 records
Customer concentration
Brigade Capital Management social profiles
Digital presenceBrigade Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brigade Capital Management leadership team
Management profileNumber of profiles
Profiles23 records
Brigade Capital Management subsidiaries and ownership
Company hierarchySubsidiaries3 records
Brigade Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brigade Capital Management M&A and investment
M&A and investmentM&A1 record
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brigade Capital Management
What does Brigade Capital Management do?
Brigade Capital Management is a global alternative asset manager that invests across the credit universe on behalf of institutional investors. Its core offerings include liquid credit strategies (high yield, leveraged loans), alternative credit (distressed, special situations), structured credit (CLOs, ABS, CMBS, RMBS), credit relative value, dislocation, long/short credit, and opportunistic credit strategies, alongside a Global CLO/CBO management platform with 32 transactions across the U.S. and Europe and a Private Credit Solutions Fund providing bespoke senior term loans, asset-based loans, and mezzanine financing to lower-to-middle market companies.
Is Brigade Capital Management a public or private company?
Brigade Capital Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Brigade Capital Management founded?
Brigade Capital Management was founded in 2006. It employs 11 to 50 people.
Where is Brigade Capital Management based?
Brigade Capital Management is headquartered in New York, United States, in the North America region.
How does Brigade Capital Management make money?
Three revenue lines are on record. Investment Management Fees are the primary driver. The others are performance Fees / Carried Interest and private Credit Origination.
Who are Brigade Capital Management's main competitors?
Direct peers on record are Oaktree Capital Management, Marathon Asset Management, Sixth Street Partners, Ares Management, Angelo Gordon (TPG) and Bain Capital Credit. Broad incumbents are Blackstone Credit, Carlyle Group, Apollo Global Management and KKR Credit.
Does Brigade Capital Management have an API?
No public API is recorded for Brigade Capital Management.
What industry is Brigade Capital Management in?
Brigade Capital Management's product category is Alternative Credit Asset Management. Its primary akta.pro industry code is FSAHAJAD, Direct Lending — Venture Debt, with a secondary code of FSANAKAJ, Structured Credit Distressed (CLO/ABS/RMBS/CMBS) Funds. Its NAICS code is 523940 and its SIC code is 6282.