Philip Raygorodetsky has joined Black Diamond Capital Management as a managing director in the firm’s controlled distressed debt/private equity team. He previously was with GSC Group.
Black Diamond Capital Management (Black Diamond), a leading boutique alternative asset management firm with over $5 billion in assets under management, today announced the appointment of Philip Raygorodetsky as Managing Director. Mr. Raygorodetsky is joining the firm immediately and will be based in Black Diamond’s Greenwich, Connecticut office.
Mr. Raygorodetsky joins Black Diamond’s Controlled Distressed/Private Equity team, where he will work alongside the current senior team, including Mr. Chris Boyle and Mr. Chris Parker, to oversee portfolio companies acquired on behalf of Black Diamond’s controlled distressed/private equity funds. Mr. Raygorodetsky has over thirteen years experience in the controlled distressed field. Most recently, he served as Senior Managing Director in GSC Group’s Equity and Distressed Debt Group where he was responsible for investing in distressed corporate debt, including active restructuring involvement and board oversight. He joined GSC Group in 1997 and was appointed Managing Director in 2005.
“Philips’s knowledge, experience and skill-set make him a perfect fit for Black Diamond. He has an impressive breadth and depth of experience in both Chapter 11 and out-of-court restructuring and post-restructuring activities and he adds significant new bench-strength to our existing team. Together with Chris Boyle and Chris Parker, Philip will play a key role in ensuring that Black Diamond continues to successfully deliver industry leading returns,” said Mr. Stephen Deckoff, Managing Principal, Black Diamond Capital Management.
Mr. Raygorodetsky has an extensive track-record in all phases of stressed and distressed corporate debt investing and Chapter 11 and out-of-court restructuring activities. He has participated in post-restructuring private equity sponsor activities and held nine board memberships for portfolio companies. During his time at GSC Group, he oversaw strategic plan development, management recruitment and M&A negotiation and execution, and arrangement of financing on behalf of portfolio companies. He was responsible for and participated in investing and managing over $500 million in controlled distressed funds.
Mr. Raygorodetsky has experience across multiple industries including housing, manufacturing and electronics, chemicals and metals, media, aerospace, consumer products and textiles. He holds a BS in Business Administration from UC Berkeley Walter A. Haas School of Business.
About Black Diamond Capital Management:
Black Diamond Capital Management is a leading boutique alternative asset management firm with over $5 billion in assets under management. With complimentary controlled distressed/private equity, hedge fund and CLO vehicles, Black Diamond focuses on investing in senior secured securities that offer structural protection and have substantial underlying assets. Black Diamond’s controlled distressed/private equity funds more specifically focus on middle market companies with market leadership positions within their sectors. Founded in 1995, Black Diamond employs 21 investment professionals and has offices in Greenwich, CT and Lake Forest, IL.