Jeff Aronson – Building Centerbridge Across the Capital Structure (EP.468)

In this episode of Capital Allocators, Ted Seides interviews Jeff Aronson, co-founder of Centerbridge Partners, discussing Aronson's career journey from law school to distressed investing, his time at Angelo Gordon, and the founding of Centerbridge with Mark Gallogly. They explore Centerbridge's investment model, which bridges private equity and credit, its culture, compensation systems, and adaptation to changing credit environments. Aronson shares insights on late-cycle market behavior, the dynamics of private credit, partnerships with insurers and banks, and the challenges of maintaining differentiation in the evolving alternatives industry. The conversation also covers Aronson's views on risk management, investment strategies in the current economic climate, and the future of Centerbridge.