GREENWICH, Conn., Jan. 27, 2016 /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 Todd Arden as Senior Managing Director and Co-Chief Credit Officer. Mr. Arden will have responsibility for co-managing Black Diamond's underwriting processes and credit exposures and will also source stressed and distressed investment opportunities for Black Diamond's funds. Mr. Arden will be based in Black Diamond's Greenwich, Connecticut office.
Commenting on the appointment, Stephen H. Deckoff, Black Diamond's Managing Principal, said, "I am excited to have Todd join the firm and am confident that his deep experience in credit and distressed investing will be a great asset to Black Diamond. With significant opportunities and challenges presenting themselves in the market, Todd is a strong and timely addition to the Black Diamond team."
"I am thrilled to be joining Black Diamond," stated Mr. Arden. "With over twenty years of success, Black Diamond continues to seek out superior returns and its disciplined approach to investing and asset growth 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. Arden has over twenty years of experience in the credit and distressed investing field. Most recently, he worked at CCMP Capital, where he served as Chief Investment Officer for Octagon Credit Opportunities, LLC. Prior to CCMP, he was a Managing Director within the distressed securities group at Angelo, Gordon & Co. In this capacity, Mr. Arden was responsible for investing in multinational corporate restructurings. During his tenure at Angelo, Gordon, he served on five company boards as the major shareholder post-restructuring. Prior to joining Angelo, Gordon in 2000, he was a Portfolio Manager and Senior Research Analyst in AIG/SunAmerica's High Yield Group. Earlier in his career, Mr. Arden was a Senior Equity Analyst at Troubh Partners, and a Manager in Arthur Andersen & Co.'s Financial Consulting Services practice, focusing in the distressed/litigation support area. Mr. Arden received a Bachelor of Arts degree in Economics from Northwestern University and a Masters in Business Administration degree from Columbia University's Graduate School of Business, and is a Chartered Financial Analyst.
About Black Diamond Capital Management:
Black Diamond is a leading alternative asset management firm with over $8 billion in assets under management across three complementary investment platforms: Control Distressed/Private Equity Funds, a Hedge Fund and CLOs and other structured vehicles.
SOURCE Black Diamond Capital Management