Black Diamond Capital Management
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Black Diamond Capital Management, LLC ("BDCM", "Black Diamond") is a $7+ billion hedge fund / alternative asset management firm operated from Lake Forest, IL and Greenwich, CT.
It was founded in 1995 by its managing partners, James Zenni and Stephen Deckoff.
Its investors are largely comprised of leading institutional investors, including pension funds, endowments funds, and insurance companies.
The firm commonly purchases both equity and debt investments in bankrupt or otherwise distressed companies. When potentially lucrative, the firm often takes a very active roll as a creditor.
BDCM maintains a very low profile, having no website.
The "diamond" in BDCM's name comes from its connection to Mitsubishi when founded (due to Mitsubishi's diamond logo).
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