Black Diamond Announces Successful Fundraising

GREENWICH, Conn., Oct. 7, 2015 /PRNewswire/ -- Black Diamond Capital Management, LLC ("Black Diamond" or "BDCM"), a leading credit focused alternative asset management firm, is pleased to announce the successful fundraising of BDCM Opportunity Fund IV, L.P. ("Fund IV"), substantially exceeding its original target and holding a final close at its hard cap of $1,500,000,000.

Fund IV will continue BDCM's focus on acquiring middle-market U.S. and European based companies, typically through a restructuring or reorganization process, across multiple industries.

"We are very pleased to have exceeded our expectations during this fundraise and are especially thankful to our current investors for their significant support," stated Steve Deckoff, founder and Managing Principal of Black Diamond. "We are also very appreciative of the trust and confidence a significant group of new investors, representing some of the largest pension plans, insurance companies and sovereign wealth funds investing in private equity today, has placed in our firm and strategy."

Credit Suisse Securities (USA) LLC acted as exclusive placement agent for Fund IV, and Schulte Roth & Zabel LLP provided legal advice.

About Black Diamond

Black Diamond Capital Management, LLC is a privately held alternative asset management firm. Black Diamond manages approximately $8 billion in assets across three complementary investment platforms: Control Distressed/Private Equity Funds, Hedge Fund, and CLOs and other structured vehicles.

SOURCE Black Diamond Capital Management

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED