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Exclusive: Boyle out at Black Diamond

The former Blackstone exec joined Black Diamond in 2006

Christopher Boyle, senior managing director at Black Diamond Capital Management, has left the firm.

Black Diamond declined to comment on Boyle’s departure or where he is headed, but according to his LinkedIn profile he left the firm in January.

Boyle joined the firm from Blackstone in 2006, working alongside then president and managing director James Zenni, who has since left the firm. Zenni went on to found Chicago-based Z Capital Partners.

At Blackstone, Boyle was a managing director on the restructuring and reorganization team.

Black Diamond is currently in market for its fourth fund – BDCM Opportunity Fund IV – focused on private equity investments in distressed opportunities. The fund is targeting $900 million and recently held a first close on $309.75 million, according to regulatory filings.

Known investors in the fund include the Ohio Police & Fire Pension Fund which made a $40 million commitment in October of last year.

Black Diamond’s previous Opportunity Fund closed on $800 million in 2011.