Black Diamond hires Farahnak as director of PE business

Alternative asset management firm Black Diamond has named Samuel Farahnak as a director in its private equity business. Previously, Farahnak worked at Platinum Equity where he served as a vice president.

PRESS RELEASE

GREENWICH, Conn., July 16, 2014 /PRNewswire/ — Black Diamond Capital Management, L.L.C. (“Black Diamond”), a leading alternative asset management firm with over $8 billion in assets under management, today announced the appointment of Samuel Farahnak as a Director in its Private Equity business.

Mr. Farahnak will focus on identifying and evaluating controlling equity investments and M&A opportunities.

“Sam’s wealth of experience and industry knowledge will further strengthen our private equity team and expand our sourcing capabilities,” said Stephen Deckoff, Managing Principal of Black Diamond. “We are pleased to have him join the Black Diamond team.”

“I am thrilled to be part of Black Diamond,” said Mr. Farahnak. “I look forward to working with the team to help achieve the firm’s long-term goals and continue its tradition of excellence.”

Prior to joining BDCM, Mr. Farahnak was a Vice President with Platinum Equity where he led many of the firm’s business development, investment origination and evaluation activities.

About Black Diamond
Black Diamond Capital Management, L.L.C., is a privately held alternative asset management firm. Black Diamond manages approximately $8 billion in assets across three complementary investment platforms: Control Distressed/Private Equity Funds, a Hedge Fund, and CLOs and other structured vehicles.

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