Black Diamond Boosts Distressed, P.E. Team

Aug 6 2010 | 3:03am ET

Black Diamond Capital Management has strengthened its distressed debt and private equity team with the hire of a longtime GSC Group executive.

The $5 billion Greenwich, Conn.-based alternative investments firm has named Philip Raygorodetsky a managing director on its controlled distressed and p.e. group. He will be charged with overseeing Black Diamond’s portfolio companies.

“Philips's knowledge, experience and skill-set make him a perfect fit for Black Diamond,” Stephen Deckoff, managing principal of Black Diamond, said. “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.”

Raygorodetsky was senior managing director in the equity and distressed debt group at GSC. He joined that firm in 1997.

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