Black Diamond Gets New PE Head

Black Diamond Capital Management (BDCM) has named Rodney Cohen as head of private equity. Mr. Cohen will have responsibility for managing the firm’s portfolio of private equity funds, consisting of the BDCM Opportunity Funds II, III, IV, and V, with a combined $4 billion in capital.

Mr. Cohen has more than 25 years of private equity experience most recently as managing director and co-head of Carlyle Equity Opportunity Funds I and II which invest in North American-based middle-market companies. He was the co-chair of both funds and also served on the investment committees of Carlyle Global Partners, Carlyle Power Partners, and Carlyle Energy Mezzanine Funds I and II. Prior to joining Carlyle in 2010, Mr. Cohen was a co-managing partner from 1996 to 2010 with Pegasus Capital Advisors, a middle-market investment firm.

“I am thrilled to be joining Black Diamond,” said Mr. Cohen. “Steve and his team have a proven 25-year track record of performance through disciplined investment. I look forward to working with them to make the coming years even better. I also want to note that it was a privilege to work with the talented people at Carlyle over the past decade and I wish them continued success.”

“We are extremely pleased to have Rodney lead our private equity team,” said Stephen Deckoff, Black Diamond’s managing principal. “I have known Rodney for more than 40 years and we have been investors together over the past 20 years. We are excited at the critical role he will play in enabling our firm to continue to successfully identify and capitalize on opportunities in our investment platform. Rodney’s proven track record, insight, and expertise make him a tremendous addition to our firm.”

Mr. Cohen earned his law degree from Columbia University and his undergraduate degree from Franklin & Marshall College.

Black Diamond invests equity and debt in control and non-control opportunities with an emphasis on distressed situations. The firm has over $9 billion in assets under management with offices in Greenwich, Connecticut and London, United Kingdom.

© 2020 Private Equity Professional | March 18, 2020

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