Black Diamond Capital Management plans to open an office in London June 1. The alternative asset management firm, with about $8 billion in assets under management, is the latest in a growing list of managers to hang a shingle in London. The new office will be headed by Peter Cannon, the managing director of Black Diamond GB. Calls to officials at Black Diamond were not returned.
"We see the leveraged loan market in Europe as very robust with excellent growth prospects for us, and we believe that Peter Cannon is uniquely qualified to help us take our presence there to the next level," said Bill Bokos, senior managing director of Black Diamond, in a release.
Cannon was most recently a senior portfolio manager at RMF Investment Management. He previously served as a senior fund manager for Merrill Lynch Investment Managers and was a director of acquisition finance at Lloyds TBS Bank.