Black Diamond Capital Management: big player? # employees?

bump

They have ~80 employees, but less than 30 our investment professionals. Manages ~$9.5 in assets, with a lot invested invested CLOs.

Unrelated, but commonly confused, Clint Carlson's Carlson Capital manages the Black Diamond Arbitrage funds: http://www.hedgetracker.com/fund/Carlson-Capital

Anyone know anything about these guys?

Bump

One last attempt - would appreciate any information beyond what's available online.

Bump, any more up to date views on their credit strategy? How much of AUM is performing vs. opportunistic/distressed, fundraising, etc?

https://www.cnbc.com/amp/2023/05/03/jeffrey-epstein-private-islands-bou…

Mostly just CLO $$ and raised a new PE fund recently. Liquid non-CLO credit returns have disappointed for many, many years.

Culturally, they are known as the worst of the worst. Was a good place to work 15-20 years ago.

Also the worst counterparty ever - they're #1 in terms of Disqualified List Appearances in BSL mkt.

Networking is very difficult b/c nobody wants to speak to you because of the firm's negative reputation

Leaderships is casually dismissive to anyone who looks different than them and you are basically there to crank and not ask questions... limited room for internal growth. Paranoid partner base is still there. Unrealistic expectations and very low financial rewards.

Pay is 20-30% below market.

The founder is Steve Deckoff - and he just bought Jeffrey Epstein's "pedo island" ---- his son, who isn't a star to say the least, works there too.