GREENWICH, Conn., Sept. 18, 2017 /PRNewswire/ -- Black Diamond Capital Management, L.L.C. ("Black Diamond"), a leading alternative asset management firm with over $6.5 billion in assets under management, today announced the appointment of Andy Phelps as a Senior Managing Director and Head of Structured Products Business Development. Mr. Phelps will join Black Diamond from Natixis where he served as Global Head of Structured Credit Syndication. Mr. Phelps will be based in Black Diamond's Greenwich, Connecticut office.
Commenting on the appointment, Stephen H. Deckoff, Black Diamond's Managing Principal, said, "We are excited to have Andy join the Black Diamond team as part of our ongoing commitment to our structured products business. Andy has been a key partner on a number of prior Black Diamond CLOs and will strengthen relationships with our global investors in his new role with the firm."
"I am looking forward to joining Black Diamond," stated Mr. Phelps. "With 20 years of successful involvement in managing structured products, Black Diamond continues to seek out superior performance and its disciplined approach to investing is a great foundation from which to build. I look forward to working with the team to help achieve the firm's long-term goals."
Mr. Phelps has over 16 years of CLO and structured product experience. Most recently, he worked at Natixis, where he served as Global Head of Structured Credit Syndication. Prior to Natixis, Mr. Phelps held senior roles in structured products at Merrill Lynch and Goldman Sachs. Mr. Phelps received a Bachelor of Science degree in Materials Engineering from M.I.T.
About Black Diamond Capital Management
Black Diamond is a leading alternative asset management firm with over $7 billion in assets under management across three complementary investment platforms: Control Distressed/Private Equity Funds, a Hedge Fund and CLOs and other structured vehicles. Black Diamond has launched 11 Black Diamond CLOs in both the U.S. and Europe since 1998, with aggregate fund size in excess of $6.5 billion. In addition, Black Diamond has managed 12 GSC CLOs following the acquisition of the asset management business of GSC Group in 2011.
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SOURCE Black Diamond Capital Management