Diamond Castle Holdings is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries including the media, healthcare, financial services, power and industrial sectors.
| Company type | Private |
|---|---|
| Industry | Private equity |
| Predecessor | DLJ Merchant Banking Partners |
| Founded | 2004 |
| Founder | Lawrence Schloss[1] |
| Headquarters | New York, New York, U.S. |
Key people | Ari Benacerraf, Michael Ranger, Andrew Rush, David Wittels |
| Products | Leveraged buyout |
| Total assets | $1.9 billion |
Number of employees | 25+ |
| Website | www.dchold.com |
The firm, which is based in New York City, was founded in 2004. The firm has raised approximately $1.9 billion since inception.
History
editIn 2004, DLJMB co-head Larry Schloss, along with four senior members of DLJ Merchant Banking Partners, led a spinout from Credit Suisse to form a new private equity firm which would come to be known as Diamond Castle Holdings.[2][3]
Funds
editIn December 2006, the firm announced it had completed fundraising for a $1.85 billion private equity fund, known as Diamond Castle Partners IV (a reference to the three DLJMB funds previously raised).[1]
As of 2014, the firm had not sought to raise a successor fund.[4]
See also
editReferences
edit- ^ a b "After the Summit, a Different Path". The New York Times. December 15, 2006.
- ^ Moore, Heidi N. (March 10, 2008). "DLJ: Wall Street's Incubator". The Wall Street Journal.
- ^ "Former CSFB execs to launch new private equity firm". AltAssets. September 22, 2004. Archived from the original on 2009-01-09.
- ^ Willmer, Sabrina; Porter, Kiel (19 March 2014). "Diamond Castle Is Said to Consider Exit Option for Fund". Bloomberg. Retrieved 19 February 2020.
External links
edit- Diamond Castle Holdings (company website)