Black Diamond Capital Management related stories
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Side Letter: First time funds in the time of covid-19, Verdane hire, NAV-based lendingWill the current crisis cut budding managers down before they raise Fund I? Probably not, fundraisers tell us. Plus: the future for GP-led secondaries, new hires for Verdane and Black Diamond, and much more. Here’s today's brief, for our valued subscribers only.
Kentucky Retirement: we’re doing nothing wrong with feesThe Kentucky pension system said the jump in its investment expenses this fiscal year compared to last year was due to change in accounting methodology.
- Exclusive: Boyle out at Black Diamond
The former Blackstone exec joined Black Diamond in 2006
- New Mexico Educational to commit $40m to Z Capital
Z Capital’s second special situations fund includes a 2.5% cash commitment from the firm that specialises in the private equity-distressed sector.
- Friday Letter Graveyard shift
The final, official demise of two alternative asset managers this week raises a number of important questions, but here's one especially occupying the minds of investors: how do you retain and reward the team charged with winding down a moribund manager's portfolio?
- Z Capital hires IR exec from KPS
James Zenni-led Z Capital Partners has hired Irene Hong, former VP of investor relations at KPS Capital Partners, as a managing director in charge of marketing and corporate development.
- BDCM hires Babson exec to grow debt arm
Jean Fleischhacker has joined Black Diamond Capital Management to lead the firm’s structuring and marketing of debt products.
- Z Capital targets $500m for special situations
The James Zenni-led firm is expected to hold a first close on roughly $200m for its second special situations fund by the end of next month.
- Z Capital hires former LP consultant
As it works to raise $500m for its second special situations fund, Z Capital has brought on former New England Pension Consultants executive William Monagle.
- Z Capital promotes four to partner
CFO Jonathan Schmugge and general counsel Martin Auerbach are two of the four professionals named senior managing director-partner. The promotions come as Z Capital targets $500m for its second special situations fund.