Brigade Capital Management, LP
Brigade Capital Management, LP is a global investment management firm headquartered in New York, NY. Founded in 2006, Brigade specializes in credit-focused strategies for institutional clients, including pension funds, endowments, and other large investors. With approximately 119 employees, the firm manages billions in assets and provides expertise across the credit spectrum, including distressed debt, leveraged loans, and structured credit products.
Investment Strategy
Brigade Capital Management focuses on a fundamental, credit-intensive approach seeking risk-adjusted returns primarily through investments in global credit markets. The firm employs deep research and a disciplined investment process across a variety of strategies, including long/short credit, distressed securities, structured finance, and special situations, targeting both liquid and illiquid opportunities in corporate credit and structured products for institutional investors.
Top Holdings
Equity Positions (9)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NBR | NABORS INDUSTRIES LTD | 5.65% | $24.6M | 878,641 | $41.71 | $28.02 | -$13.0M |
L LUMN | LUMEN TECHNOLOGIES INC | 2.91% | $12.7M | 2,900,000 | $4.38 | $4.38 | +$12.7M |
L LNTH | LANTHEUS HLDGS INC | 2.69% | $11.7M | 143,145 | $81.86 | $81.86 | +$11.7M |
E EXE | EXPAND ENERGY CORPORATION | 2.10% | $9.2M | 78,386 | $82.53 | $116.94 | +$440.5K |
E ECVT | ECOVYST INC | 1.54% | $6.7M | 817,255 | $8.76 | $8.23 | +$2.6M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
L LQD | ISHARES TR | Bought | Put | $219.2M | 20,000 | $109.61 | $107.39 | +2,000 | +$23.6M |
I IWM | ISHARES TR | Bought | Call | $129.5M | 6,000 | $215.79 | $203.57 | +1,500 | +$39.7M |
Industry Allocation
Investment Team (14)
| Name | Role | Location | |
|---|---|---|---|
C Chris Chaice | Partner - Head of Distressed Research | New York, NY , United States | |
 | Managing Director, Co-Head of Software Development | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
 | Managing Director, Insurance Solutions | Los Angeles, CA , United States | |
 | Partner | Madison, NJ , United States | |
 | Managing Director, Co-head of Private Credit | New York, NY , United States | |
 | Chief Financial Officer, Partner | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
S Scott O'Brien | Research Analyst | New York, NY , United States | |
S Sumit Sablok | Partner (Technology and Telecom Investing) | New York, NY , United States |