Brigade Capital Management, a global asset management firm with a multi-asset class approach to investing across credit markets, closed the Brigade Private Credit Solutions Fund, its first dedicated private credit fund.
The fund raised over $1 billion of investable capital and was oversubscribed, with participation from a range of global institutional investors.
The fund focuses on less efficient segments of the market that Brigade believes present compelling opportunities to generate attractive risk-adjusted returns, including lending to lower-to-middle market and non-sponsor borrowers, as well as pursuing select opportunistic investments.
“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,” Donald E. Morgan III, chief information officer and managing partner of Brigade, said. “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.”
Jenny Lee, co-head of private credit for Brigade, said, “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.”
Jim Wolf, co-head of private credit at Brigade, added, “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.”
As of Jan. 31, 2026, the fund has deployed approximately half of its investable capital across a diverse set of borrowers.
