Black Diamond
Financial ServicesConnecticut, United States201-500 Employees
Black Diamond Capital Management, L.L.C. operates as an alternative asset manager focused on debt securities that offer structural protection and meaningful underlying collateral. It manages a range of investment vehicles, including control distressed/private equity funds, a hedge fund, CLOs, and other structured vehicles, with a particular emphasis on middle-market companies that lead their sectors. Founded in 1995, the firm is headquartered in Greenwich, Connecticut, and maintains offices in Lake Forest, Illinois; St. Thomas, U.S. Virgin Islands; and London, United Kingdom. In late 2025, Black Diamond completed an acquisition involving a 2.3-million-square-foot Palisades Center asset in West Nyack, New York, acting as the sole bidder using a credit bid after purchasing the underlying loan. The move reflects the firm’s engagement with asset-backed opportunities alongside its credit and distressed strategies.