# Brigade Capital Management, LP

> Brigade Capital Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 22, 2026.

- CRD: 144078
- Filed as: BRIGADE CAPITAL MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/144078
- AdvisorCensus page: https://advisorcensus.com/firm/brigade-capital-management-lp-new-york-ny-144078

## Quick answers

**How is Brigade Capital Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Brigade Capital Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Brigade Capital Management, LP charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.3% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Brigade Capital Management, LP located?**
Brigade Capital Management, LP's principal office is in New York, NY, according to its Form ADV.

**Is Brigade Capital Management, LP registered with the SEC or a state?**
Brigade Capital Management, LP is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 144078.

**How much does Brigade Capital Management, LP manage?**
Brigade Capital Management, LP reports $33,022,145,666 in regulatory assets under management in its Form ADV filing dated July 22, 2026 (100% discretionary).

**How have Brigade Capital Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Brigade Capital Management, LP: Regulatory assets under management: $29,479,174,297 in the October 2021 data and $33,022,145,666 in the October 2026 data, up 12%. Total employees: 102 in October 2021 and 108 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Brigade Capital Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (77); pension and profit sharing plans (but not the plan participants or government pension plans) (18); state or municipal government entities (including government pension plans) (11).

**Which custodians does Brigade Capital Management, LP use?**
Brigade Capital Management, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC, State Street Corporation and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does Brigade Capital Management, LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/144078

**What changed in Brigade Capital Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 43 to 42. Regulatory assets under management went from $29,845,348,937 to $33,022,145,666 (+11%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.3% to 1.5% a year (a range, as the brochure states it)

> Brigade Capital generally charges annual management fees to applicable Funds in an amount which ranges from 0.30% to 1.5% of each applicable Fund's assets under management.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC
- State Street Corporation
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $33,022,145,666
- Discretionary: $33,022,145,666
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 5 | $2,138,000,291 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 77 | $22,008,389,005 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 18 | $3,675,833,208 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 11 | $4,938,960,882 |
| Other investment advisers | 0 | $0 |
| Insurance companies | Fewer than 5 | $183,834,517 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $8,953,917 |
| Corporations or other businesses not listed above | Fewer than 5 | $68,173,846 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2009 (17 years)
- Employees: 108 total, 42 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [brigadecapital.com](https://brigadecapital.com)
- LinkedIn @BRIGADE-CAPITAL-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $29,479,174,297 | 102 | May 21, 2021 |
| October 2022 | $31,000,961,474 | 106 | August 25, 2022 |
| October 2023 | $25,603,105,806 | 119 | June 15, 2023 |
| October 2024 | $27,851,162,291 | 119 | August 29, 2024 |
| October 2025 | $29,845,348,937 | 116 | April 7, 2025 |
| October 2026 | $33,022,145,666 | 108 | July 22, 2026 |

Regulatory assets under management: $29,479,174,297 in the October 2021 data and $33,022,145,666 in the October 2026 data, up 12%.
Total employees: 102 in October 2021 and 108 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 43 to 42.
- Regulatory assets under management went from $29,845,348,937 to $33,022,145,666 (+11%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Brigade Capital Management, LP (CRD 144078): Form ADV filing data as of October 2026.