Brigade Capital Management announced it has closed its first dedicated private credit vehicle, the Brigade Private Credit Solutions Fund, raising over $1 billion of investable capital in an oversubscribed fund backed by a range of global institutional investors.
The New York-based credit asset manager said the fund will focus primarily on first-lien direct lending to lower- to middle-market and non-sponsor borrowers, targeting what it described as less-efficient corners of the market that offer a complexity premium. Brigade added that the strategy may also include select opportunistic investments.
Brigade said its private credit platform is supported by its broader multi-strategy credit capabilities and a 50-person investment team, including dedicated private credit professionals, which it described as enabling multi-channel origination and rigorous underwriting across business fundamentals, financial analysis, documentation, and structuring.
As of January 31, 2026, Brigade said the fund had deployed approximately half of its investable capital across a diverse set of borrowers.
Brigade, founded in 2006, said it manages approximately $31 billion in assets under management and invests across public and private credit using a bottom-up investment approach. The firm is headquartered in New York and has an office in London.
KEY QUOTES
“The successful close of this Fund demonstrates the strong partnerships we have with our investors and the trust we have built over more than 19 years of investing across the spectrum of credit markets. We thank them for their continued support and look forward to continuing to utilize our disciplined and proven investment approach to deliver attractive risk-adjusted outcomes for our clients.”
Donald E. Morgan III, Chief Investment Officer and Managing Partner, Brigade Capital Management
“There is a clear complexity premium in the private credit market, particularly in the lower-to-middle market and non-sponsor channels that remain less competitive than larger transactions that potentially compete with the liquid market. We are confident that by bringing Brigade’s extensive capabilities across the full spectrum of credit to bear we are well positioned to successfully capitalize on this opportunity on behalf of our investors.”
Jenny Lee, Co-Head of Private Credit, Brigade Capital Management
“We believe there is a distinct market opportunity for direct lenders who bring the sophistication and sector expertise of a scaled, multi-strategy credit platform to the markets we target. As high-quality sponsor-backed and non-sponsor borrowers increasingly embrace the speed, certainty and flexibility of private credit solutions, we view our offering as especially well positioned to meet their evolving needs.”
Jim Wolf, Co-Head of Private Credit, Brigade Capital Management
