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Diamond Castle Holdings
Type Private
Predecessor DLJ Merchant Banking Partners
Founded 2004
Founder(s) Lawrence Schloss[1]
Headquarters Flag of the United States.svg New York, New York
Industry Private equity
Products Leveraged buyout
Total assets $1.8 billion
Employees 25+

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.

The firm, which is based in New York City, was founded in 2004. The firm has raised approximately $1.8 billion since inception.



Lawrence (Larry) Schloss who had joined Donaldson, Lufkin & Jenrette in 1978 was among the founders of the firm's private equity business in 1986, DLJ Merchant Banking Partners.[1] After the acquisition of Donaldson, Lufkin & Jenrette by Credit Suisse First Boston, the group, which was led by Larry Schloss and Avista Capital's Thompson Dean, faced significant turnover.

In 2004, DLJMB co-head Larry Schloss completed a spinout from DLJMB to form a new private equity firm which would come to be known as Diamond Castle Holdings.[2][3] In December 2006, the firm announced it had completed fundraising for a $1.825 billion private equity fund, known as Diamond Castle Partners IV (a reference to the three DLJMB funds previously raised.[1]

The following year, in 2005, a team of professionals, led by Thompson Dean and Steven Webster, completed a spinout of DLJMB to form a new private equity firm, Avista Capital.[4]

Unlike Avista, Diamond Castle did not receive support from Credit Suisse for its debut fund and the split was not considered amicable.[5].

See also


External links



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