# Black Diamond Capital Management

Black Diamond Capital Management is an Asset Manager based in St. Thomas, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** St. Thomas, United States
- **Region:** North America
- **Address:** Greenwich, CT, United States
- **Founded:** 1995
- **Assets under management:** $11B (per firm website)
- **Website:** www.bdcm.com
- **Wikidata:** Q118391073

## Regulatory record

- **CRD number:** 154495
- **SEC file number:** 801-71712
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/154495

## About

Black Diamond Capital Management is an SEC-registered investment adviser in St. Thomas, VI, registered since 2010. The firm manages $10.7 billion in regulatory assets. It has 100 employees and 44 investment advisers.

## Sectors

- Aerospace & Defense
- Automotive
- Broadcast Media
- Building Materials
- Business Services
- Chemicals
- Construction
- Consumer Goods
- Energy Equipment & Services
- Food & Beverage
- Healthcare Services
- Industrial Equipment
- Leisure & Gaming
- Marine
- Mining
- Packaging
- Paper & Forest Products
- Real Estate
- Telecommunications
- Transportation
- Specialty Finance
- Structured Credit

## Offices

- Lake Forest, IL
- London
- St. Thomas

## People

- Stephen H. Deckoff — Founder

## Questions

### Who runs investment decisions at Black Diamond?

Stephen H. Deckoff founded the firm in 1995 and leads it as the senior decision-maker. The investment team includes 45-plus professionals operating across performing credit, distressed, CLO, and control private equity strategies. The firm does not publicly detail its investment committee structure or name other principals beyond Deckoff.

### How does Black Diamond source proprietary deal flow for its control private equity platform?

The control private equity platform primarily sources deals by purchasing and restructuring senior secured debt of middle-market companies, rather than through broad auction processes. The firm's performing-credit and CLO platforms track a broad universe of issuers over many years, generating intelligence on deteriorating credits that flow into the distressed and control pipelines. This integrated model means deal origination often begins inside Black Diamond's own credit surveillance apparatus.

### Does Black Diamond participate in fund commitments or only direct deals?

Black Diamond operates its own integrated platforms rather than committing to external funds. It runs four primary structures: CLOs that invest in broadly syndicated senior secured loans, a hedge fund platform targeting high-yielding performing debt and special situations, a non-control distressed fund that invests in stressed and post-reorganization securities, and a control private equity fund that takes ownership through debt restructurings.

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- [Black Angel Tech Fund](https://altss.com/profile/black-angel-tech-fund)
- [Black Star Fund Managers](https://altss.com/profile/black-star-fund-managers)

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Last updated: 2026-06-03T20:00:00.000Z

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