{"url":"https://nivawealth.com/firms/brigade-capital-management-144078","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/144078","regulatoryAum":33022145666,"crd":"144078","secFileNumber":"801-69965","legalName":"Brigade Capital Management, LP","displayName":"Brigade Capital Management","website":"http://www.brigadecapital.com","linkedinUrl":"https://www.linkedin.com/company/brigade-capital-management/","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"399 Park Avenue, 16th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022-4415"},"tradeNames":[],"registration":{"secApproved":"20 February 2009","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":108,"advisory":42,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":33022145666,"discretionaryAccounts":115,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":67,"nonAumClients":1},"clientTypes":[{"label":"Investment companies","clients":5,"regulatoryAum":2138000291},{"label":"Pooled investment vehicles","clients":77,"regulatoryAum":22008389005},{"label":"Pension and profit-sharing plans","clients":18,"regulatoryAum":3675833208},{"label":"State or municipal government entities","clients":11,"regulatoryAum":4938960882},{"label":"Insurance companies","clients":null,"regulatoryAum":183834517},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"regulatoryAum":8953917},{"label":"Corporations and other businesses","clients":null,"regulatoryAum":68173846}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":2333768435},{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"North Quincy, MA","smaAssets":1912049838},{"name":"Goldman Sachs & Co. LLC","shortName":"Goldman Sachs &","location":"New York, NY","smaAssets":1515198726}],"custodyNote":"Brigade Capital Management has custody of $268.0M for 1 clients.","otherCustodians":[],"leadership":[{"name":"Raymond Luis","title":"Senior Vice President, Finance/Chief Administrative Officer","crd":"5708580"},{"name":"Patrick Criscillo","title":"Chief Financial Officer","crd":"2761039"},{"name":"Aaron Daniels","title":"Chief Operating Officer/Chief Legal Officer","crd":"2919920"},{"name":"Daniel Altabef","title":"Chief Compliance Officer/Counsel","crd":"7682452"},{"name":"Kunal Banerjee","title":"Partner, Research","crd":"4175861"},{"name":"John Baylis","title":"Partner, Research","crd":"2802271"},{"name":"Steven Bleier","title":"Co-Chief Investment Officer/Portfolio Manager","crd":"2921190"},{"name":"Alessandro Carissimo","title":"Partner, Research","crd":"6527343"},{"name":"Christopher Chaice","title":"Head of Distressed Research","crd":"7241914"},{"name":"Rosario Diminni","title":"Co-Head of Trading","crd":"2395636"},{"name":"Raymond Garson","title":"Head of Corporate Credit Research","crd":"2959534"},{"name":"Michael Kreicher","title":"Head of Mortgage & Asset-Backed Credit","crd":"5541451"},{"name":"Luc Lebard","title":"Partner, Research","crd":"7717463"},{"name":"Jenny Lee","title":"Co-Head of Private Credit","crd":"3017557"},{"name":"Harley Lefkowitz","title":"Head of Risk","crd":"2388807"},{"name":"Donald Morgan","title":"Chief Investment Officer/Managing Partner/Portfolio Manager","crd":"4346583"},{"name":"Thomas O'Shea","title":"Head of European Investments/European Clo Co-Portfolio Manager","crd":"4752702"},{"name":"Douglas Pardon","title":"Co-Chief Investment Officer/Portfolio Manager","crd":"4426633"},{"name":"Justin Pauley","title":"Head of Clo Capital Markets","crd":"5328334"},{"name":"Matthew Perkal","title":"Head of Spacs and Special Situations","crd":"5159272"},{"name":"Andrew Petitjean","title":"Global Clo Portfolio Manager","crd":"2759209"},{"name":"Patrick Robb","title":"Partner, Research","crd":"6090462"},{"name":"Sumit Sablok","title":"Partner, Research","crd":"2772461"},{"name":"Gregory Soeder","title":"Head of Portfolio Strategy","crd":"2910598"},{"name":"Gaurav Tejwani","title":"Portfolio Manager","crd":"4466021"},{"name":"Joseph Turilli","title":"Head of Marketing","crd":"4810635"},{"name":"Michael Walker","title":"Co-Head of Trading","crd":"2699677"},{"name":"Edward Wilkinson","title":"Partner, Marketing","crd":"3189063"},{"name":"James Wolf","title":"Co-Head of Private Credit","crd":"8068071"}],"ownership":[{"label":"Donald Morgan","detail":"Chief investment officer/managing partner/portfolio manager in the 25% to 50% ownership band and a control person, since January 2007. Also a managing member of Brigade Capital Management GP, LLC in the 75% or more band and a control person, since July 2014."},{"label":"Rosario Diminni","detail":"Co-head of trading in the 5% to 10% ownership band, since January 2007. Also trustee of Morgan 2022 Trust and a control person, since January 2023."},{"label":"Morgan 2022 Trust","detail":"Limited partner in the 5% to 10% ownership band, since January 2023."},{"label":"Steven Bleier","detail":"Co-chief investment officer/portfolio manager in the 5% to 10% ownership band, since January 2011."},{"label":"Douglas Pardon","detail":"Co-chief investment officer/portfolio manager in the 10% to 25% ownership band, since March 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"399 Park Avenue, 16th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-745-9700","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Non-exchange-traded equity securities","percent":4},{"label":"U.S. government/agency bonds","percent":6},{"label":"Investment grade corporate bonds","percent":1},{"label":"Non-investment grade corporate bonds","percent":42},{"label":"Cash and cash equivalents","percent":12},{"label":"Other","percent":31,"detail":"Bankruptcy Claims, Bank Debt, Abs, Clo, Whole Loans"}],"privateFunds":64},"sources":{"adv1FilingDate":"22 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/144078/PDF/144078.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Brigade Capital Management have?","answer":"Brigade Capital Management has 111 clients and manages $33 billion for them, as of July 2026. They include 77 pooled investment vehicles, 18 pension and profit-sharing plans and 11 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 22 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Brigade Capital Management offer?","answer":"Brigade Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Brigade Capital Management use?","answer":"Brigade Capital Management’s separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $2,333,768,435, State Street Bank and Trust Company (North Quincy, MA), with $1,912,049,838 and Goldman Sachs & Co. LLC (New York, NY), with $1,515,198,726. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Brigade Capital Management have?","answer":"Brigade Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 108 employees, and 42 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Brigade Capital Management invest in?","answer":"At the end of its last fiscal year, Brigade Capital Management’s separately managed accounts held 42% high-yield corporate bonds, 31% bankruptcy claims, bank debt, abs, clo, whole loans, 12% cash and equivalents, 6% U.S. government and agency bonds, 4% non-exchange-traded equities and 1% investment grade corporate bonds. It advises 64 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Brigade Capital Management?","answer":"Brigade Capital Management’s direct owners are Donald Morgan, Rosario Diminni, Morgan 2022 Trust, Steven Bleier and Douglas Pardon, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 22 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Brigade Capital Management get paid?","answer":"Brigade Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/brigade-capital-management-144078/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1421306/000091957426005183/0000919574-26-005183-index.html","totalValue":534283544,"positionCount":15,"top10Share":0.9744845351254164,"top10":[{"issuer":"ISHARES TR","titleOfClass":"20 YR TR BD ETF","cusip":"464287432","value":259260000,"shares":3000000,"shareType":"SH","putCall":"Put","priorValue":177714500,"priorShares":2050000},{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":90135000,"shares":300000,"shareType":"SH","putCall":"Put"},{"issuer":"LANTHEUS HLDGS INC","titleOfClass":"NOTE 2.625%12/1","cusip":"516544AB9","value":62459878,"shares":43417000,"shareType":"PRN","priorValue":58262983,"priorShares":48760000},{"issuer":"LANTHEUS HLDGS INC","titleOfClass":"COM","cusip":"516544103","value":36484120,"shares":328745,"shareType":"SH","priorValue":27590058,"priorShares":363745},{"issuer":"ISHARES TR","titleOfClass":"IBOXX HI YD ETF","cusip":"464288513","value":31988000,"shares":400000,"shareType":"SH","putCall":"Put","priorValue":190944000,"priorShares":2400000},{"issuer":"EXPAND ENERGY CORPORATION","titleOfClass":"COM","cusip":"165167735","value":9649083,"shares":105871,"shareType":"SH","priorValue":8466234,"priorShares":77120},{"issuer":"VISTRA CORP","titleOfClass":"COM","cusip":"92840M102","value":8121856,"shares":51200,"shareType":"SH"},{"issuer":"FINANCE OF AMERICA COMPAN","titleOfClass":"CL A NEW","cusip":"31738L206","value":7718700,"shares":280476,"shareType":"SH","priorValue":2606200,"priorShares":157000},{"issuer":"LUMEXA IMAGING HOLDINGS INC","titleOfClass":"COM","cusip":"550249106","value":7511352,"shares":665900,"shareType":"SH"},{"issuer":"UNITED AIRLS HLDGS INC","titleOfClass":"COM","cusip":"910047109","value":7323062,"shares":53850,"shareType":"SH"}],"positionsListed":15,"positions":[{"issuer":"ISHARES TR","titleOfClass":"20 YR TR BD ETF","cusip":"464287432","value":259260000,"shares":3000000,"shareType":"SH","putCall":"Put","priorValue":177714500,"priorShares":2050000},{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":90135000,"shares":300000,"shareType":"SH","putCall":"Put"},{"issuer":"LANTHEUS HLDGS INC","titleOfClass":"NOTE 2.625%12/1","cusip":"516544AB9","value":62459878,"shares":43417000,"shareType":"PRN","priorValue":58262983,"priorShares":48760000},{"issuer":"LANTHEUS HLDGS INC","titleOfClass":"COM","cusip":"516544103","value":36484120,"shares":328745,"shareType":"SH","priorValue":27590058,"priorShares":363745},{"issuer":"ISHARES TR","titleOfClass":"IBOXX HI YD ETF","cusip":"464288513","value":31988000,"shares":400000,"shareType":"SH","putCall":"Put","priorValue":190944000,"priorShares":2400000},{"issuer":"EXPAND ENERGY CORPORATION","titleOfClass":"COM","cusip":"165167735","value":9649083,"shares":105871,"shareType":"SH","priorValue":8466234,"priorShares":77120},{"issuer":"VISTRA CORP","titleOfClass":"COM","cusip":"92840M102","value":8121856,"shares":51200,"shareType":"SH"},{"issuer":"FINANCE OF AMERICA COMPAN","titleOfClass":"CL A NEW","cusip":"31738L206","value":7718700,"shares":280476,"shareType":"SH","priorValue":2606200,"priorShares":157000},{"issuer":"LUMEXA IMAGING HOLDINGS INC","titleOfClass":"COM","cusip":"550249106","value":7511352,"shares":665900,"shareType":"SH"},{"issuer":"UNITED AIRLS HLDGS INC","titleOfClass":"COM","cusip":"910047109","value":7323062,"shares":53850,"shareType":"SH"},{"issuer":"EMBECTA CORP","titleOfClass":"COMMON STOCK","cusip":"29082K105","value":4943637,"shares":1516453,"shareType":"SH"},{"issuer":"LUMEN TECHNOLOGIES INC","titleOfClass":"COM","cusip":"550241103","value":4224000,"shares":550000,"shareType":"SH","priorValue":12820500,"priorShares":1850000},{"issuer":"LIBERTY MEDIA CORP DEL","titleOfClass":"DEB 3.750% 2/1","cusip":"530715AL5","value":3929393,"shares":73105000,"shareType":"PRN","priorValue":2870251,"priorShares":76540000},{"issuer":"LIBERTY MEDIA CORP DEL","titleOfClass":"DEB 4.000%11/1","cusip":"530715AG6","value":385000,"shares":7700000,"shareType":"PRN","priorValue":288750,"priorShares":7700000},{"issuer":"CENTURY CASINOS INC","titleOfClass":"COM","cusip":"156492100","value":150463,"shares":117549,"shareType":"SH","priorValue":163393,"priorShares":117549}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}