Bailey McCann
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The vehicle will focus on global energy and power investments
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The former Blackstone exec joined Black Diamond in 2006
The promotion is part of the firm’s long term succession plan
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The fund will be focused on complex technology situations
Dean Merritt will join the firm from Talbot Hughes McKillop
The close comes just two years after its debut fund
The firm still saw a decline in profits following the slide in energy prices
The former chairman of the Brazilian Central Bank will join the Latin America advisory board
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The deal also includes CLS Investments, Gemini Fund Services and Orion Advisor Services
The vehicle is the firm’s first co-investment offering