Black Diamond Capital Management LLC, the private investment firm founded by billionaire Stephen Deckoff, has recently made significant changes to its executive team. According to a recent announcement, Matthew Kane has been appointed as the firm’s new General Counsel and Chief Compliance Officer. This development has been confirmed by Major, Lindsey & Africa, the global legal recruitment firm that facilitated Kane’s transfer to Black Diamond.
Kane has an impressive track record in the legal and regulatory industry, with his most recent position being the General Counsel for Alfred Club Inc., a New York-based real-estate and property technology startup. Prior to that, Kane spent almost seven years overseeing legal and compliance as Chief for the private equity company, Z Capital Group LLC. He has also held positions at law firms Willkie Farr & Gallagher and Storch Amini.
This appointment comes on the heels of significant acquisition activity for Stephen Deckoff. Earlier this year, his company, SD Investments LLC, announced it would purchase two Caribbean islands, previously owned by the late financier Jeffrey Epstein, for $60 million. Deckoff, who resides in the US Virgin Islands, has plans to construct a 25-room luxury resort on these properties by 2025.
Kane’s move to Black Diamond fills the vacancy left by Adam Tarkan, who earlier this year joined Fried, Frank, Harris, Shriver & Jacobson in New York as Special Counsel. Black Diamond, along with Deckoff and the firm’s special litigation counsel, Zaiger, has recently been mentioned in a dispute between it and video game publisher Valve Corp. The Stamford-based firm currently manages roughly $9 billion in assets and specializes in distressed debt, high-yield credit, as well as business turnaround and restructuring work.
The full details of this story can be found at Bloomberg Law.