Black Diamond Capital Management, L.L.C.
Black Diamond Capital Management, L.L.C. is a privately held alternative asset management firm headquartered in Stamford, CT, United States. The firm was founded in 1995, and has a track record of nearly 30 years managing a diverse set of investment vehicles across credit, distressed debt, private equity, and CLOs. With over 100 employees, including more than 45 investment professionals, Black Diamond operates from four global offices and serves institutional investors by providing consistent risk-adjusted returns throughout market cycles.
Investment Strategy
Black Diamond Capital Management specializes in high yield credit, stressed and distressed credit, restructurings, and specialized lending. Their investment philosophy centers on bottom-up fundamental analysis, robust risk management, and close monitoring of investments. The hedge fund platform focuses on high-yielding senior performing debt, structured products, distressed instruments, and special situations. The private equity strategy seeks control of middle-market companies via the restructuring of senior secured debt, and their non-control platform invests in stressed and distressed situations. Black Diamond’s CLO platform invests in a diversified pool of broadly syndicated senior secured loans. The firm aligns interests by investing its own capital alongside investors.
Latest 13F Filing Activity
Black Diamond Capital Management, L.L.C. filed their most recent 13F report on Jun 30, 2025 disclosing 13 equity positions with a total 13F market value of $172M. The fund increased holdings in Consumer Portfolio SVCS Inc., WYNN Resorts LTD, UBS Group AG among other positions. Black Diamond Capital Management, L.L.C. reduced exposure to Magnera Corp., Six Flags Entertainment Corp., Verizon Communications Inc. among others.
Top Holdings
Equity Positions (13)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CPSS | CONSUMER PORTFOLIO SVCS INC | 29.37% | $50.4M | 5,127,165 | $11.51 | $9.83 | +$5.9M |
V VZ | VERIZON COMMUNICATIONS INC | 15.72% | $27.0M | 623,171 | $42.29 | $43.27 | -$1.3M |
K KVHI | KVH INDS INC | 10.55% | $18.1M | 3,396,527 | $8.97 | $5.33 | +$179.9K |
C CPHC | CANTERBURY PK HLDG CORP | 9.39% | $16.1M | 854,805 | $18.77 | $18.85 | +$593.2K |
W WYNN | WYNN RESORTS LTD | 9.18% | $15.8M | 168,158 | $90.80 | $93.67 | +$1.7M |