Diamond Castle

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.

Diamond Castle Holdings
Company typePrivate
IndustryPrivate equity
PredecessorDLJ Merchant Banking Partners
Founded2004
FounderLawrence Schloss[1]
HeadquartersNew York, New York, U.S.
Key people
Ari Benacerraf, Michael Ranger, Andrew Rush, David Wittels
ProductsLeveraged buyout
Total assets$1.9 billion
Number of employees
25+
Websitewww.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

In 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

In 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

References
  1. "After the Summit, a Different Path". The New York Times. December 15, 2006.
  2. Moore, Heidi N. (March 10, 2008). "DLJ: Wall Street's Incubator". The Wall Street Journal.
  3. "Former CSFB execs to launch new private equity firm". AltAssets. September 22, 2004. Archived from the original on 2009-01-09.
  4. Willmer, Sabrina; Porter, Kiel (19 March 2014). "Diamond Castle Is Said to Consider Exit Option for Fund". Bloomberg. Retrieved 19 February 2020.
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