Brigade Capital Management announced it has closed its first dedicated private credit fund, raising more than $1 billion of investable capital and exceeding its target in an oversubscribed raise backed by a range of global institutional investors.
The vehicle, Brigade Private Credit Solutions Fund, is designed to pursue first-lien direct-lending opportunities in less efficient parts of the private credit market, with a focus on lower- to middle-market borrowers and non-sponsor companies. Brigade said the strategy will also include select opportunistic investments, positioning the fund to pursue what it described as attractive, risk-adjusted returns in segments that are harder for larger capital providers to serve efficiently.
The firm said the fund will leverage Brigade’s broader credit platform, citing its team of 50 investment professionals and a multi-channel origination approach intended to source and diligence opportunities across business fundamentals, financial profiles, and deal documentation and structuring.
Brigade also disclosed early deployment progress, noting that as of January 31, 2026, the fund had invested roughly half of its investable capital across a diverse set of borrowers.
Founded in 2006, Brigade said it manages approximately $31 billion in assets and invests across public and private credit using a bottom-up investment philosophy. The SEC-registered investment advisor is headquartered in New York and maintains a global footprint that includes 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
