Black Diamond Capital Management
| ISIN | 🆔 |
|---|---|
| Industry | Private equity |
| Founded 📆 | 1995 |
| Founders 👔 | Stephen H. Deckoff James J. Zenni Jr.[1] |
| Headquarters 🏙️ | Greenwich, Connecticut, U.S. |
Area served 🗺️ | |
| Products 📟 | Distressed debt Mezzanine Turnaround investments |
| 💎 AUM | $8 billion[2] |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Black Diamond Capital Management is an American private equity firm, based in Greenwich, Connecticut, that specializes in distressed debt, mezzanine, and turnaround investments in middle market. Black Diamond has over $8 billion in assets under management and provides services to institutional investors including pension funds, endowment funds, and insurance companies.[3] The firm focuses on investing in debt securities that offer structural protection with underlying assets. Black Diamond has three lines of business: control distressed/private equity, hedge fund and CLO vehicles.[2][4]
The firm was founded in 1995 and has over 30 employees with offices in Greenwich, Connecticut; Lake Forest, Illinois; London, England; and USVI.[2]
Overview[edit]
83.2 percent of Black Diamond's portfolio is held in Hawaiian Telcom for 2.65 million shares.[5]
In the third quarter of 2016, Black Diamond raised its stake in Saratoga Investment Corp by 2.7 percent, owning 621,064 shares valued at $11,074,000.[6]
In December 2016, Black Diamond voted against heavy equipment supplier, Emeco's, restructuring and later supported the company's plans to merge with Orionstone and Andy's Earthmoving. Black Diamond could become roughly a 34 percent maximum shareholder in Emeco.[7][8]
References[edit]
- ↑ Siegel, Aaron (October 13, 2006). "Black Diamond buys out founder". Investment News. Retrieved 25 March 2017.
- ↑ 2.0 2.1 2.2 "About Us". BDCM. BDCM. Retrieved 25 March 2017.
- ↑ "Black Diamond Capital Management Strengthens Investment Team with Arden Appointment". FIN alternatives. January 27, 2016. Retrieved 25 March 2017.
- ↑ "Company Overview of Black Diamond Capital Management, L.L.C." Bloomberg. Retrieved 25 March 2017.
- ↑ Ford, Dolores (March 22, 2017). "Analysts See $0.00 EPS for Innova Gaming Group (IGG), Hawaiian Telcom Holdco (HCOM)'s Sentiment Is 1.29". Money Making Articles. Retrieved 25 March 2017.
- ↑ Jackson, Renee (February 23, 2017). "Ladenburg Thalmann Financial Services Inc. Boosts Position in Saratoga Investment Corp (SAR)". The Cerbat Gem. Retrieved 25 March 2017.
- ↑ Beyer, Mark (March 13, 2017). "Emeco deal finally gets approved". Business News. Retrieved 25 March 2017.
- ↑ Williams, Peter (22 February 2017). "US fund could control Emeco". The West. Retrieved 25 March 2017.
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