Diamond Castle Holdings is a

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm focused on

leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...

and

growth capital Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority interest, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets ...

investments in

middle-market companies A middle-market or mid-market company is one that is larger than a small business and smaller than a big business. Different authorities use different metrics to compare company sizes — some look at revenue, others at either asset size or number ...

across a range of industries including the media, healthcare, financial services, power and industrial sectors. The firm, which is based in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, 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 aPriori Capital Partners is a private equity investment firm focused on leveraged buyout transactions. The firm was founded as an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Cr ...

, led a spinout from

Credit Suisse Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...

to form a new private equity firm which would come to be known as Diamond Castle Holdings.

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 aPriori Capital Partners is a private equity investment firm focused on leveraged buyout transactions. The firm was founded as an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Cr ...

funds previously raised). As of 2014, the firm had not sought to raise a successor fund.

References

External links

Diamond Castle Holdings
(company website) {{Merchant banking private equity groups Financial services companies established in 2004 Private equity firms of the United States Financial services companies based in New York (state)

History

Funds

See also

References

External links