Leading Asset Manager

The Firm has a 25+ year investment track record across multiple vehicles & strategies that have produced consistent risk-adjusted returns in various market cycles.

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Leading Asset Manager

Black Diamond’s team of seasoned investment professionals has led restructurings (bankruptcies) and business turnarounds over a wide range of industries.

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Leading Asset Manager

The Firm’s investment approach prioritizes the alignment of Black Diamond with its investors and management teams by investing a substantial amount of its own capital in its funds. On a combined basis Black Diamond is the largest investor in its managed funds.

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Leading Asset Manager

The Firm uses its industry knowledge and investment flexibility to develop strategies tailored for specific situations and opportunities.

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Performance Driven

Proactive Leadership

Capital Alignment

Strategic Thinking

The Firm

28+

successful years

$11bn

aum

100+

employees
worldwide

4

complementary
platforms

Black Diamond is a privately held alternative asset management firm specializing in high yield credit, stressed and distressed credit, restructurings and business turnarounds.

Black Diamond has 90+ employees, including 30+ investment professionals, servicing all of its platforms from its 4 offices globally.

Greenwich, CT

Lake Forest, IL

London

St. Thomas

FOUNDED IN 1995 BY STEPHEN H. DECKOFF, THE FIRM MANAGES OVER $10 BILLION IN PERFORMING CREDIT, STRESSED AND DISTRESSED CREDIT AND PRIVATE EQUITY ACROSS FOUR INTEGRATED PLATFORMS: COLLATERALIZED LOAN OBLIGATIONS, NON-CONTROL DISTRESSED FUNDS, HEDGE FUNDS AND CONTROL DISTRESSED PRIVATE EQUITY FUNDS.

For 25+ years and through multiple market cycles, Black Diamond’s investment professionals have produced consistent risk-adjusted returns to investors using our core investment approach.

Black Diamond tactically applies its disciplined investment process along with its expertise to identify opportunities that offer structural protection and a risk return profile consistent with its strategic mandates.

Black Diamond maintains a fundamental approach by applying bottoms up investment analysis designed to ensure that Black Diamond navigates the risks associated not only with individual investments but also the broader market. Black Diamond continuously monitors the investments, opportunities and markets to manage the portfolio risks.

BLACK DIAMOND BELIEVES ITS PLATFORM PROVIDES A DISTINCT COMPETITIVE ADVANTAGE WHEN SOURCING INVESTMENT OPPORTUNITIES DUE TO THE EXPERIENCE AND KNOWLEDGE GARNERED BY TRACKING, ANALYZING AND INVESTING IN SECURITIES IN A WIDE ARRAY OF COMPANIES AND INDUSTRIES FOR 25+ YEARS.

 

Strategies & Platforms

Performing Credit
Distressed
Credit
Private Equity
Structured Products

Performing Credit

  • Syndicated Bank Loans
  • High Yield Bonds
  • Lease Financing
  • Commercial Real Estate Financings
  • Credit Derivatives

Private Equity

  • Mergers & Acquisitions
  • Business Turnarounds
  • Carve Out Transactions
  • Cross Border Transactions
  • Strategic Partnering
  • Management Buyouts

Structured Products

  • CLO Debt
  • CLO Equity
  • Commercial Mortgage-Backed Securities
  • Asset Backed Securities
  • Credit Derivatives

Distressed Credit

  • DIP Facilities
  • Out-of-Court Restructuring
  • Article 9 Transactions
  • Chapter 7
  • Plans of Reorganization
  • 363 Sales
  • Rescue / Exit Financing
  • Litigation Claims
Performing Credits
  • Syndicated Bank Loans
  • High Yield Bonds
  • Lease Financing
  • Commercial Real Estate Financings
  • Credit Derivatives
  • New Issue
Distressed Credits
  • DIP Facilities
  • Out-of-Court Restructuring
  • Article 9 Transactions
  • Chapter 7
  • Plans of Reorganization
  • 363 Sales
  • Rescue / Exit Financing
  • Litigation Claims
Private Equity
  • Mergers & Acquisitions
  • Business Turnarounds
  • Carve Out Transactions
  • Cross Border Transactions
  • Strategic Partnering
  • Management Buyouts
Structured Products
  • CLO Debt
  • CLO Equity
  • Commercial Mortgage-Backed Securities
  • Asset Backed Securities
  • Credit Derivatives
HEDGE FUND
CONTROL
NON-CONTROL
CLO

Hedge Fund

Black Diamond’s hedge fund platform focuses on: (i) high yielding senior performing debt that is well-structured, collateralized and spread across multiple markets, (ii) structured products backed by various types of collateral, (iii) opportunistic stressed and distressed debt instruments and post reorganization equities and (iv) other credit-oriented opportunities and special situations that offer superior yields and/or value oriented opportunities commensurate with the accepted risk.

Control

Black Diamond’s control private equity platform executes a strategy with a focus on gaining control of sector leading middle market companies through the purchase and subsequent restructuring of senior secured debt securities, as well as selective non-debt related equity investments and acquisitions.

Non-Control

Black Diamond's non-control platform invests strategically in stressed and distressed situations. Our goal is to create exceptional returns investing in high yielding bonds, leveraged loans and reorganized equities of companies that are undergoing or have undergone restructurings.

CLO

Black Diamond’s Collateralized Loan Obligation (“CLO”) platform executes a strategy that invests primarily in a diversified pool of broadly syndicated performing senior secured loans.  Black Diamond was one of the earliest participants in the market, launching its first CLO in 1998.

Hedge Fund

Black Diamond’s hedge fund platform focuses on: (i) high yielding senior performing debt that is well-structured, collateralized and spread across multiple markets, (ii) structured products backed by various types of collateral, (iii) opportunistic stressed and distressed debt instruments and post reorganization equities and (iv) other credit-oriented opportunities and special situations that offer superior yields and/or value oriented opportunities commensurate with the accepted risk..

Control

Black Diamond’s private equity platform executes a control distressed strategy with a focus on gaining control of sector leading middle market companies through the purchase and subsequent restructuring of senior secured debt securities as well as selective non-debt related equity investments and acquisitions.

Target Company Characteristics:

  • Market leader
  • $100 - $500mm senior secured debt
  • $20 - $100mm normalized EBITDA
  • $100mm - $1bn pre-distress total enterprise value
  • High barriers to entry
  • Tangible assets
Non-Control

Black Diamond's non-control platform invests strategically in stressed and distressed situations. Our goal is to create exceptional returns investing in high yielding bonds, leveraged loans and reorganized equities of companies that are undergoing or have undergone restructurings.

CLO

Black Diamond’s Collateralized Loan Obligation (“CLO”) platform executes a strategy that invests primarily in a diversified pool of broadly syndicated performing senior secured loans.  Black Diamond was one of the earliest participants in the market, launching its first CLO in 1998.

Portfolio

Credit

Private Equity
(Past and Present
Portfolio Companies)

Investments

Companies

5,000+

Credits
on record

300+

Us Credits
Currently held

800+

underwritten
deals per year

100+

european credits
currently held
Industries
  • Aerospace and Defense
  • Air Transport
  • automotive
  • beverage and tobacco
  • broadcast radio and television
  • Brokers-Dealers-investment houses
  • building and development
  • building materials
  • business equipment & services
  • Cable television
  • chemical-plastics
  • clothing-textiles
  • Conglomerates
  • Container and Glass Products
  • Cosmetics-Toiletries
  • Drugs
  • Ecological Services and Equipment
  • Education
  • Electronics
  • Equipment Leasing
  • Farming- Agriculture
  • Financial Intermediaries
  • Food Products
  • Food Service
  • Food-Drug Retailers
  • Forest Products
  • Healthcare
  • Home Furnishings
  • Hotels-Motels-Inns-Casinos
  • Industrial Equipment
  • Insurance
  • Leisure
  • Mining
  • Non-ferrous Metal-Minerals
  • Oil and Gas
  • Publishing
  • Steel
  • Retailer (non-food
    and drug)
  • Security Alarms
  • Shipping
  • Surface transport
  • Telecom-Cellular
    Communications
  • Utilities

Arclin

Arclin is a vertically integrated manufacturer of adhesive resins and overlay products used in construction, furniture and general industrial applications. Arclin's urea and phenol-based formaldehyde adhesive resins are used to bind particleboard, medium density fiberboard, plywood and OSB. Arclin's industrial paper overlays make plywood for concrete forming, OSB siding and prefabricated OSB wood and its decorative paper overlays are used for cabinets, furniture and laminate flooring.

Learn More

Axia

Ames assembles, rents and refurbishes taping and finishing tools used to install drywall. Rental tools are marketed under the “Ames” brand, while a line of tools for purchase is sold under the “TapeTech” name. The company operates out of Ames stores and franchise stores located throughout the United States and Canada. The company's stores also sell abrasives, tape, finishing knives, drywall compound and other related products.

Learn More

Bayou Steel

Bayou Steel is a United States based producer of steel long products primarily servicing the non-residential and infrastructure construction industries. Bayou Steel’s steel mini-mill, based in LaPlace, Louisiana, produces structural steel and merchant bars. Bayou Steel also operates a rolling mill in Harriman, Tennessee and three product depots.

Learn More

Boomerang

Boomerang is a manufacturer in the United States of welded OCTG, which are used by drilling rigs in exploration and production of oil and natural gas. The company’s manufacturing facility is one of the largest alloy OCTG mills in North America. This facility, which began production in 2010, is located near the port of Houston, TX.

Learn More

Color Spot Nurseries

Color Spot is one of the largest wholesale nurseries in the U.S., and is the largest bedding plant producer in the West and Southwest. The company has grown both organically and through a series of corporate acquisitions. Color Spot’s growing facilities are located throughout California, Arizona, Oregon and Texas. It produces, distributes and merchandises a wide assortment of high-quality bedding plants, herbs, shrubs, premium blooming plants, ground cover, vines, trees, topiaries, container-grown plants for outdoor and patio-ready use and ornamentals. The company’s largest customers are leading home improvement centers such as Home Depot and Lowe’s, and mass merchants such as Wal-Mart. Color Spot also provides in-store merchandising, product displays, promotional planning and product reordering services.

Learn More

Constar

Constar, headquartered in Philadelphia, PA, is a global producer of polyethylene terephthalate ("PET") plastic containers for food and beverages. Constar manufactures PET containers for conventional PET applications in soft drinks and water and for custom PET applications such as food, juices, teas, sports drinks, new age beverages, beer and flavored alcoholic beverages, most of which require a combination of advanced technologies and innovative designs.

Learn More

Diagnostic Services Holdings

DSH is a nationwide provider of diagnostic imaging services. The company's services include: magnetic resonance imaging (MRI), positron emission tomography (PET), computed tomography (CT), mammography, bone density, diagnostic injections and pain management, X-ray, nuclear medicine, ultrasound and other technologies. The company provides these services through a network of fixed-site centers and wholesale mobile units.

Learn More

Emeco

Emeco, established in Australia in 1972, is the largest provider of heavy earthmoving and mining equipment rental solutions and maintenance services in the world, with a 40+ year operating history. Emeco’s operations are focused on serving the Australian market and are diversified across equipment type, commodity and end market. Emeco’s revenues are derived from a number of commodities, including thermal and metallurgical coal, gold, iron ore and copper. The company’s equipment rental fleet includes rear dump trucks, excavators, articulated trucks, dozers, loaders and graders, as well as ancillary equipment, including water carts, service trucks, compactors, integrated tool carriers and tire handlers.

Learn More

FXI

FXI is a leading producer of polyurethane foam products for the home, healthcare, electronics, industrial, personal care and transportation markets. FXI is recognized as the industry's innovation leader with over 400 patents worldwide.

Learn More

Grede

Grede is the second largest, diversified foundry company in North America.  Grede supplies iron and machined components for the automotive, medium and heavy truck and industrial markets. Operating out of 14 foundries and 2 machining facilities, the company has the capability to produce and machine parts and assemblies ranging from 1 lb. to 2,000 lbs.

Learn More

Hawaiian Telcom

With roots in Hawaii beginning in 1883, HCOM is Hawaii’s incumbent local exchange carrier. HCOM is a leading provider of integrated communications solutions for business and residential customers. HCOM offers a full range of services including voice, video, internet, data, wireless and advanced communication and network services supported by the reach and reliability of its network and a 24/7 state-of-the-art network operations center.

Learn More

Hines Growers

Hines, founded in 1920, engages in the production, marketing and distribution of horticultural products. The company supplies ornamental shrubs, flowering color plants, vines, trees, topiary and container-grown plants for outdoor and patio-ready use.

Learn More

IAP

IAP is a leading provider of facilities management, contingency operations and professional and technical services primarily for the Department of Defense and the U.S. Government. IAP serves both the domestic and international needs of its customers with a unique ability to provide services in austere environments.

Learn More

Interlink Maritime

Interlink is a dry bulk shipping company with an active fleet of eco-designed, handy size vessels that were delivered post 2010. These vessels are the smallest of the larger bulk vessels and primarily transport minor bulks, grains and general bulk. The company's vessels have cranes enabling them to load and unload at smaller ports that lack infrastructure.

Learn More

ION

ION is a television broadcasting company with one of the largest wholly-owned U.S. broadcast network and station footprints. ION owns television stations covering all of the top 20 markets and most of the top 50 markets, reaching approximately 100 million homes via stations, cable and satellite. ION’s flagship general entertainment network, ION Television, features syndicated off-network shows and movies. In addition, ION uses its digital spectrum to broadcast two complementary networks: Qubo, a children’s network, and ION Life, a health and lifestyle network.

Learn More

Kolmar

Kolmar provides outsourced manufacturing and packaging services to the U.S. health and beauty aid market. Kolmar's 92 years of excellent customer service, absolute quality focus and formulation and production expertise are valued by leading brands worldwide. Kolmar’s breadth of capability, capacity, flexibility and product innovation define it as the preeminent choice for a diverse portfolio of customers ranging from niche entrepreneurial brands to global consumer product goods companies.

Learn More

Legacy Cabinets

Legacy Cabinets is an independent manufacturer of stock, semi-custom and custom kitchen and bath cabinets.   The company focuses on both single- and multi-family new construction and repair and remodel end markets primarily in the Southeastern United States.  Legacy Cabinets has a manufacturing facility in Eastaboga, AL.

Learn More

Pangea

Pangea (fka GST Autoleather), founded in 1933, designs, develops, manufactures, markets and integrates automotive leather interior trim solutions. It offers a selection of leather options, as well as various customization choices, including finishing, patterns and embossing. The company serves interior systems integrators, vehicle manufacturers and strategic tier suppliers in North America, Europe, South Africa and the Asia/Pacific.

Learn More

Polynt-Reichhold

Polynt is a global producer of Unsaturated Polyester Resins (“UPR”). UPR is the “glue” used to make reinforced fiberglass, and is used in unreinforced applications such as prefab shower stalls, giant wind mill blades, bowling balls and pultrusions. Polynt also produces alkyd resins which are used as binders in paint and coatings. The company has manufacturing operations comprised of plants in the U.S. and worldwide.

Learn More

PTC Alliance

PTC is a global leading manufacturer and marketer of Drawn Over Mandrel tubes, cold-drawn seamless tubes, Electric Resistance Welded tubes and chrome-plated bars and tubes. PTC produces to highly technical specifications (e.g. dimensional combinations, tolerances, chemistries and finishes) that are critical in many high-end industrial applications. Major end-uses include construction and agricultural equipment, machinery and appliances, automotive and heavy truck applications.

Learn More

Ritz Carlton San Juan

The Ritz Carlton San Juan is the premier luxury hotel in San Juan, Puerto Rico. This beachfront property also includes a casino and spa.

Learn More

Running Aces Casino & Racetrack

Running Aces Casino & Racetrack is a cutting-edge, Las Vegas-style card room with live summer harness horse racing and trout fishing, a full-service restaurant and year-round Simulcast wagering. Running Aces offers entertainment for everyone with monthly comedy shows, BINGO, outdoor concerts and various events throughout the year. The facility is open 24 hours, 7 days a week and always smoke-free. Running Aces is located in Columbus, Minnesota.

Learn More

Smarte Carte

Smarte Carte is an American-based corporation that provides passenger and guest services such as self-serve vended luggage carts, electronic lockers, commercial strollers, massage chairs, and more.

Learn More

Sun World International

Founded in 1976, Sun World is one of California's largest vertically integrated agricultural corporations with a significant farming and packing infrastructure, strong marketing capabilities, and an extensive proprietary product development program. Sun World grows, packs, markets and ships fresh produce to food wholesalers and retailers located throughout the United States and the globe. Sun World is recognized globally as an innovator in agriculture through its development of unique proprietary varieties with improved flavor, size, color and seasonality. The company capitalizes on this proprietary product base by farming the varieties on its own lands and licensing them to growers around the world.

Learn More

TFL

TFL is a global manufacturer of specialty chemicals for leather tanneries that supply the footwear, automotive, furniture and garment industries. TFL, through its product portfolio, is positioned to be a one-stop-shop supplier that offers solutions for the entire value chain of leather production, from beamhouse to finishing, with production sites strategically located throughout the world to support its diversified base of customers. Additionally, TFL has leather technical application centers throughout the world providing technical and R&D services to its customers.

Learn More

USI

USI installs a range of residential and commercial products, including insulation, windows and doors, shelving, garage doors, glass products, shell framings, retrofit and specialty services for the residential and commercial construction industry. It sells these products and services to single- and multi-family home builders, commercial builders, installers and end users. USI was founded in 1998 and is based in Edina, Minnesota with branches in Washington, Oregon, California, Utah, Arizona, Colorado, Texas, New Jersey, Maryland, North Carolina, and Florida.

Learn More

Vertellus

Vertellus is a leading provider in the world of specialty chemicals for the agriculture, nutrition, pharmaceutical, fine chemicals, medical, personal care, plastics, coatings and many other industrial markets. The company's products are found in toothpaste, deodorants, vitamins, pharmaceuticals, detergents, plastics, adhesives, inks, tires and more.

Learn More

Viasystems

Viasystems is a leading worldwide provider of printed circuit boards and electromechanical assembly services to a diversified set of OEMs.  Viasystems serves multiple markets including: automotive, consumer, telecommunication, computing, industrial and military.

Learn More

Werner Ladder

Werner, founded in 1922, manufactures ladders and other climbing products for the retail and professional channels. Werner's product categories include: stepladders, extension ladders, multi-purpose ladders, attic ladders and planks/work platforms made of either aluminum or fiberglass. The brands include Werner, Keller, Green Bull and Stanley.

Learn More

White Birch Paper

White Birch manufactures and ships newsprint papers, directory papers and paperboards worldwide. The company offers books, sheets, folding boxboards, skinboards, coreboards, roll headers, beater-dyed boards, ticket stocks, closure cap linings, mat boards, unbleached krafts, hanging file folders, index cards, tag stocks and railroad boards.

Learn More

Arclin

Arclin is a vertically integrated manufacturer of adhesive resins and overlay products used in construction, furniture and general industrial applications. Arclin's urea and phenol-based formaldehyde adhesive resins are used to bind particleboard, medium density fiberboard, plywood and OSB. Arclin's industrial paper overlays make plywood for concrete forming, OSB siding and prefabricated OSB wood and its decorative paper overlays are used for cabinets, furniture and laminate flooring.

Learn More

Axia

Ames assembles, rents and refurbishes taping and finishing tools used to install drywall. Rental tools are marketed under the “Ames” brand, while a line of tools for purchase is sold under the “TapeTech” name. The company operates out of Ames stores and franchise stores located throughout the United States and Canada. The company's stores also sell abrasives, tape, finishing knives, drywall compound and other related products.

Learn More

Bayou Steel

Bayou Steel is a United States based producer of steel long products primarily servicing the non-residential and infrastructure construction industries. Bayou Steel’s steel mini-mill, based in LaPlace, Louisiana, produces structural steel and merchant bars. Bayou Steel also operates a rolling mill in Harriman, Tennessee and three product depots.

Learn More

Boomerang

Boomerang is a manufacturer in the United States of welded OCTG, which are used by drilling rigs in exploration and production of oil and natural gas. The company’s manufacturing facility is one of the largest alloy OCTG mills in North America. This facility, which began production in 2010, is located near the port of Houston, TX.

Learn More

Color Spot Nurseries

Color Spot is one of the largest wholesale nurseries in the U.S., and is the largest bedding plant producer in the West and Southwest. The company has grown both organically and through a series of corporate acquisitions. Color Spot’s growing facilities are located throughout California, Arizona, Oregon and Texas. It produces, distributes and merchandises a wide assortment of high-quality bedding plants, herbs, shrubs, premium blooming plants, ground cover, vines, trees, topiaries, container-grown plants for outdoor and patio-ready use and ornamentals. The company’s largest customers are leading home improvement centers such as Home Depot and Lowe’s, and mass merchants such as Wal-Mart. Color Spot also provides in-store merchandising, product displays, promotional planning and product reordering services.

Learn More

Constar

Constar, headquartered in Philadelphia, PA, is a global producer of polyethylene terephthalate ("PET") plastic containers for food and beverages. Constar manufactures PET containers for conventional PET applications in soft drinks and water and for custom PET applications such as food, juices, teas, sports drinks, new age beverages, beer and flavored alcoholic beverages, most of which require a combination of advanced technologies and innovative designs.

Learn More

Diagnostic Services Holdings

DSH is a nationwide provider of diagnostic imaging services. The company's services include: magnetic resonance imaging (MRI), positron emission tomography (PET), computed tomography (CT), mammography, bone density, diagnostic injections and pain management, X-ray, nuclear medicine, ultrasound and other technologies. The company provides these services through a network of fixed-site centers and wholesale mobile units.

Learn More

Emeco

Emeco, established in Australia in 1972, is the largest provider of heavy earthmoving and mining equipment rental solutions and maintenance services in the world, with a 40+ year operating history. Emeco’s operations are focused on serving the Australian market and are diversified across equipment type, commodity and end market. Emeco’s revenues are derived from a number of commodities, including thermal and metallurgical coal, gold, iron ore and copper. The company’s equipment rental fleet includes rear dump trucks, excavators, articulated trucks, dozers, loaders and graders, as well as ancillary equipment, including water carts, service trucks, compactors, integrated tool carriers and tire handlers.

Learn More

FXI

FXI is a leading producer of polyurethane foam products for the home, healthcare, electronics, industrial, personal care and transportation markets. FXI is recognized as the industry's innovation leader with over 400 patents worldwide.

Learn More

Grede

Grede is the second largest, diversified foundry company in North America.  Grede supplies iron and machined components for the automotive, medium and heavy truck and industrial markets. Operating out of 14 foundries and 2 machining facilities, the company has the capability to produce and machine parts and assemblies ranging from 1 lb. to 2,000 lbs.

Learn More

Hawaiian Telcom

With roots in Hawaii beginning in 1883, HCOM is Hawaii’s incumbent local exchange carrier. HCOM is a leading provider of integrated communications solutions for business and residential customers. HCOM offers a full range of services including voice, video, internet, data, wireless and advanced communication and network services supported by the reach and reliability of its network and a 24/7 state-of-the-art network operations center.

Learn More

Hines Growers

Hines, founded in 1920, engages in the production, marketing and distribution of horticultural products. The company supplies ornamental shrubs, flowering color plants, vines, trees, topiary and container-grown plants for outdoor and patio-ready use.

Learn More

IAP

IAP is a leading provider of facilities management, contingency operations and professional and technical services primarily for the Department of Defense and the U.S. Government. IAP serves both the domestic and international needs of its customers with a unique ability to provide services in austere environments.

Learn More

Interlink Maritime

Interlink is a dry bulk shipping company with an active fleet of eco-designed, handy size vessels that were delivered post 2010. These vessels are the smallest of the larger bulk vessels and primarily transport minor bulks, grains and general bulk. The company's vessels have cranes enabling them to load and unload at smaller ports that lack infrastructure.

Learn More

ION

ION is a television broadcasting company with one of the largest wholly-owned U.S. broadcast network and station footprints. ION owns television stations covering all of the top 20 markets and most of the top 50 markets, reaching approximately 100 million homes via stations, cable and satellite. ION’s flagship general entertainment network, ION Television, features syndicated off-network shows and movies. In addition, ION uses its digital spectrum to broadcast two complementary networks: Qubo, a children’s network, and ION Life, a health and lifestyle network.

Learn More

Kolmar

Kolmar provides outsourced manufacturing and packaging services to the U.S. health and beauty aid market. Kolmar's 92 years of excellent customer service, absolute quality focus and formulation and production expertise are valued by leading brands worldwide. Kolmar’s breadth of capability, capacity, flexibility and product innovation define it as the preeminent choice for a diverse portfolio of customers ranging from niche entrepreneurial brands to global consumer product goods companies.

Learn More

Legacy Cabinets

Legacy Cabinets is an independent manufacturer of stock, semi-custom and custom kitchen and bath cabinets.   The company focuses on both single- and multi-family new construction and repair and remodel end markets primarily in the Southeastern United States.  Legacy Cabinets has a manufacturing facility in Eastaboga, AL.

Learn More

Pangea

Pangea (fka GST Autoleather), founded in 1933, designs, develops, manufactures, markets and integrates automotive leather interior trim solutions. It offers a selection of leather options, as well as various customization choices, including finishing, patterns and embossing. The company serves interior systems integrators, vehicle manufacturers and strategic tier suppliers in North America, Europe, South Africa and the Asia/Pacific.

Learn More

Polynt-Reichhold

Polynt is a global producer of Unsaturated Polyester Resins (“UPR”). UPR is the “glue” used to make reinforced fiberglass, and is used in unreinforced applications such as prefab shower stalls, giant wind mill blades, bowling balls and pultrusions. Polynt also produces alkyd resins which are used as binders in paint and coatings. The company has manufacturing operations comprised of plants in the U.S. and worldwide.

Learn More

PTC Alliance

PTC is a global leading manufacturer and marketer of Drawn Over Mandrel tubes, cold-drawn seamless tubes, Electric Resistance Welded tubes and chrome-plated bars and tubes. PTC produces to highly technical specifications (e.g. dimensional combinations, tolerances, chemistries and finishes) that are critical in many high-end industrial applications. Major end-uses include construction and agricultural equipment, machinery and appliances, automotive and heavy truck applications.

Learn More

Ritz Carlton San Juan

The Ritz Carlton San Juan is the premier luxury hotel in San Juan, Puerto Rico. This beachfront property also includes a casino and spa.

Learn More

Running Aces Casino & Racetrack

Running Aces Casino & Racetrack is a cutting-edge, Las Vegas-style card room with live summer harness horse racing and trout fishing, a full-service restaurant and year-round Simulcast wagering. Running Aces offers entertainment for everyone with monthly comedy shows, BINGO, outdoor concerts and various events throughout the year. The facility is open 24 hours, 7 days a week and always smoke-free. Running Aces is located in Columbus, Minnesota.

Learn More

Smarte Carte

Smarte Carte is an American-based corporation that provides passenger and guest services such as self-serve vended luggage carts, electronic lockers, commercial strollers, massage chairs, and more.

Learn More

Sun World International

Founded in 1976, Sun World is one of California's largest vertically integrated agricultural corporations with a significant farming and packing infrastructure, strong marketing capabilities, and an extensive proprietary product development program. Sun World grows, packs, markets and ships fresh produce to food wholesalers and retailers located throughout the United States and the globe. Sun World is recognized globally as an innovator in agriculture through its development of unique proprietary varieties with improved flavor, size, color and seasonality. The company capitalizes on this proprietary product base by farming the varieties on its own lands and licensing them to growers around the world.

Learn More

TFL

TFL is a global manufacturer of specialty chemicals for leather tanneries that supply the footwear, automotive, furniture and garment industries. TFL, through its product portfolio, is positioned to be a one-stop-shop supplier that offers solutions for the entire value chain of leather production, from beamhouse to finishing, with production sites strategically located throughout the world to support its diversified base of customers. Additionally, TFL has leather technical application centers throughout the world providing technical and R&D services to its customers.

Learn More

USI

USI installs a range of residential and commercial products, including insulation, windows and doors, shelving, garage doors, glass products, shell framings, retrofit and specialty services for the residential and commercial construction industry. It sells these products and services to single- and multi-family home builders, commercial builders, installers and end users. USI was founded in 1998 and is based in Edina, Minnesota with branches in Washington, Oregon, California, Utah, Arizona, Colorado, Texas, New Jersey, Maryland, North Carolina, and Florida.

Learn More

Vertellus

Vertellus is a leading provider in the world of specialty chemicals for the agriculture, nutrition, pharmaceutical, fine chemicals, medical, personal care, plastics, coatings and many other industrial markets. The company's products are found in toothpaste, deodorants, vitamins, pharmaceuticals, detergents, plastics, adhesives, inks, tires and more.

Learn More

Viasystems

Viasystems is a leading worldwide provider of printed circuit boards and electromechanical assembly services to a diversified set of OEMs.  Viasystems serves multiple markets including: automotive, consumer, telecommunication, computing, industrial and military.

Learn More

Werner Ladder

Werner, founded in 1922, manufactures ladders and other climbing products for the retail and professional channels. Werner's product categories include: stepladders, extension ladders, multi-purpose ladders, attic ladders and planks/work platforms made of either aluminum or fiberglass. The brands include Werner, Keller, Green Bull and Stanley.

Learn More

White Birch Paper

White Birch manufactures and ships newsprint papers, directory papers and paperboards worldwide. The company offers books, sheets, folding boxboards, skinboards, coreboards, roll headers, beater-dyed boards, ticket stocks, closure cap linings, mat boards, unbleached krafts, hanging file folders, index cards, tag stocks and railroad boards.

Learn More

The Team

Stephen Deckoff

Founder & Managing Principal
Mr. Deckoff is the Founder and Managing Principal of Black Diamond Capital Management, L.L.C. and is responsible for all portfolio management and business operations. Mr. Deckoff has held or currently holds board seats on a number of Black Diamond portfolio companies, including Consumer Portfolio Services, Inc., ION Media, Werner Ladder, White Birch, Bayou Steel, SmarteCarte, Sun World and PTC Alliance, among others. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Mr. Deckoff has a B.S. in Operations Research from the Engineering School at Cornell University.

Mounir Nahas

Principal & COO
Mr. Nahas is a Principal and Chief Operating Officer of Black Diamond and is responsible for the day to day operations of Black Diamond world-wide.  Mr. Nahas is the head of Black Diamond’s Finance Group, Treasury Group, and Information Systems Group and is a member of Black Diamond’s Executive Committee and Valuation Committee, of which he is the chairman.  Mr. Nahas also serves as a member of the board of directors of Pacific National Bank, a Federally Chartered Bank headquartered in Miami, and White Birch Paper Company, a leading paper and paperboard products manufacturer with mills in the U.S. and Canada.  Prior to Black Diamond, Mr. Nahas was Managing Director of Beacon Group, a private equity and mergers and acquisition firm purchased by JP Morgan Partners in 2000. Following that acquisition, Mr. Nahas joined JP Morgan Partners, where he led a 20-person department responsible for overall product and investment structuring, tax and accounting functions. Mr. Nahas began his career at Arthur Andersen.  He received his B.S. in Business Administration from the University of Massachusetts and his M.S. in Accountancy from Bentley College.

Jim Walker

President
Mr. Walker is the President and Senior Managing Director of Black Diamond Capital Management and is jointly responsible for general management, identifying new investment opportunities and other matters related to the growth, development and success of the firm.  Mr. Walker co-founded Black Diamond in 1996 with Stephen Deckoff and rejoined the firm in 2023.  Mr. Walker is currently a board member for Starwood REIT, Consumer Portfolio Services, Inc. and Emeco Group.  Prior to rejoining Black Diamond, Mr. Walker was a managing Partner at Fir Tree Partners and a co-founder of Fir Tree's real estate opportunity funds.  Mr. Walker began his career in investment banking at Kidder, Peabody & Co. and Bear Stearns.  Mr. Walker received his B.S. in Economics from Boston College's School of Management.

Ritesh Tanna

Senior Managing Director
Mr. Tanna is a Senior Managing Director and Head of Portfolio Management on the Black Diamond Private Equity Team. He is focused on managing existing portfolio company investments and evaluating new investments for the BDCM Opportunity Funds. Mr. Tanna currently serves on the Board of Directors of Bakelite, Pangea (GST AutoLeather), Polynt, PTC Alliance, Running Aces, and White Birch. Prior to joining the Private Equity team, Mr. Tanna was a Credit Analyst on the Black Diamond credit team. Mr. Tanna received an M.B.A. from Dartmouth College’s Tuck School of Business and a B.S. in Finance and MIS from the University of Bridgeport.

Rodney Cohen

Head of Private Equity
Mr. Cohen is Head of Private Equity Strategies at Black Diamond.  Prior to joining BDCM, Mr. Cohen was a Managing Director and Co-Head of Carlyle Equity Opportunity funds I and II, which represented the smaller and middle market buyout activities of The Carlyle Group in North America during his tenure.  At Carlyle, Mr. Cohen was Co-Chair of the IAC of both funds and also served on the investment committees of Carlyle Global Partners, Carlyle Power Partners, and Carlyle Energy Mezzanine Funds I and II.  Prior to joining Carlyle in 2010, Mr. Cohen was a Co-Managing Partner from 1996-2010 with Pegasus Capital Advisors, a middle market investment firm. In his two decades of private equity investing, operational restructuring and legal advisory work, he has invested in a variety of sectors, including commodites, natural resources, media, consumer, financial services, healthcare, security and industrials.  From 1993 to 1996, Mr. Cohen consulted and managed several diverse business ventures.  Prior to that, he practiced law with Anderson Kill Olick and Oshinsky P.C.  Mr. Cohen serves as a trustee and executive committee member of the Randall's Island Sports Foundation, on the Franklin and Marshall Leadership Council, and as a Board member of the After School All Stars.  Mr. Cohen earned his J.D. from Columbia Law School, where was a Harlan Fiske Stone Scholar, and his B.A. with honors from Franklin and Marshall College.

Sam Farahnak

Senior Managing Director
Mr. Farahnak is a Senior Managing Director and Head of Sourcing and M&A on the Black Diamond Private Equity Team.  He is focused on identifying, evaluating and executing investment opportunities for the BDCM Opportunity Funds.  Mr. Farahnak led the investments in Valley Joist, Bakelite Synthetics (including the follow on acquisition of Georgia Pacific Chemicals), and Triarc Tanks.  Prior to joining BDCM in 2014, Mr. Farahnak was a Vice President with Platinum Equity.  Mr. Farahnak received a B.S. in Mechanical Engineering from the University of California San Diego and an M.B.A. from the University of Southern California.

Anthony Caluori

Chief Credit Officer
Mr. Caluori is the Chief Credit Officer of Black Diamond and a member of the firm's Investment Committee.  Prior to serving as its Chief Credit Officer, he was a Team Leader on the Black Diamond Credit Team.  Mr. Caluori has 25 years of experience in leveraged finance and has analyzed, originated, and structured transactions focusing on making senior and junior debt investments across a variety of industries.  Mr. Caluori has served on investment committees leading restructurings while at several large financial institutions.  Prior to joining BDCM in 2016, Mr. Caluori was a Managing Director at Rothschild & Co. in the Debt Advisory Investment Banking group.  At Rothschild, Mr. Caluori was responsible for leading restructuring, recapitalization, distressed M&A, and distressed financing transactions.  Prior to joining Rothschild, he spent most of his career as a principal investor at Chilton Investment Company and Angelo, Gordon & Co. where he focused on investments in the leveraged loan, high yield, and distressed debt markets.  Mr. Caluori received his B.B.A. in accounting from the Frank G. Zarb School of Business at Hofstra University and is a Certified Public Accountant (inactive) in the State of New York.

Ethan Auerbach

Head of Hedge Fund Strategies
Mr. Auerbach is Head of Hedge Fund Strategies at Black Diamond.  He is responsible for sourcing and managing all distressed, performing, and value-oriented investments for the Firm.  Prior to joining BDCM, Mr. Auerbach worked at Greenlight Capital Management, where he focused on both distressed debt and equities.  Prior to Greenlight, he was the Managing Partner of Seafield Capital Management, which he formed to pursue the formation of stressed and distressed credit funds.  Prior to forming Seafield, Mr. Auerbach was a Portfolio Manager and Partner at BlueMountain Capital Management, where he started the firm's distressed credit investing business in 2008, growing it from inception into one of the firm's largest strategies.  Earlier in his career, Mr. Auerbach was an Investment Analyst at Marathon Asset Management, an Associate at Goldman Sachs and an Analyst at UBS.  Mr. Auerbach received his B.A. in Computer Science and Economics from Cornell University.

Matthew Kane

General Counsel, Chief Compliance Officer
Mr. Kane is BDCM’s General Counsel and Chief Compliance Officer, responsible for all legal, compliance, and insurance activities.  Before joining BDCM in 2023, Mr. Kane was the General Counsel of Alfred, a property technology company based in NYC, and was also responsible for leading strategic business development.  Prior to that, he was the General Counsel and Chief Compliance Officer of Z Capital Group, LLC, a New York-based alternative asset management firm with private equity, hedge fund and CLO management platforms.  Mr. Kane began his career as an associate at Willkie Farr & Gallagher, focusing on restructuring and broad-based complex litigation.  Mr. Kane received his B.A. with honors from Hamilton College, and his J.D. with honors from Duke University School of Law.

Navraj Bhardwaj

Chief Technology Officer, Head of Quant Research
Mr. Bhardwaj is Chief Technology officer and Head of Quant Research at Black Diamond, responsible for quant research and development, data, infrastructure, business continuity, and cybersecurity. Before Joining BDCM, Mr. Bhardwaj was a Chief Technology officer and Head of Quant Research at Junto Capital Management, a 5B+ long/short equity fund. Prior to that Mr. Bhardwaj spent a decade at AQR capital management building out various parts of the organization ranging from equity, credit and risk both from a technology and quantitative perspective. Mr. Bhardwaj received his bachelors in computer science from University of Illinois at Urbana Champaign and masters from Carnegie Mellon University.

Investing

US Credit Team
European Credit Team
Private Equity Team

Non-Investing

Finance & Accounting
Legal/Compliance
Investor Relations
Operations
IT
Administrative
Business Development
Teams