Black Diamond Capital Management, LLC, a credit focused alternative asset management firm, closed the fundraising of BDCM Opportunity Fund IV, L.P., at $1.5 billion.
Substantially exceeding its original target, Fund IV will continue the firm’s focus on acquiring middle-market U.S. and European based companies, typically through a restructuring or reorganization process, across multiple industries.
Credit Suisse Securities (USA) LLC acted as exclusive placement agent for Fund IV, and Schulte Roth & Zabel LLP provided legal advice.
Led by Steve Deckoff, founder and Managing Principal, Black Diamond is a privately held alternative asset management firm managing approximately $8 billion in assets across Control Distressed/Private Equity Funds, Hedge Fund, and CLOs and other structured vehicles.
The firm is based in Greenwich, CT, Lake Forest, IL, and London, U.K.
FinSMEs
08/10/2015