Black Diamond Capital Management, an alternative asset management firm, has appointed Philip Raygorodetsky as managing director.

Raygorodetsky is joining the firm immediately and will be based in Black Diamond's Greenwich, Connecticut office.

Raygorodetsky joins Black Diamond's controlled distressed/private equity team, where he will work alongside the current senior team, including Chris Boyle and Chris Parker, to oversee portfolio companies acquired on behalf of Black Diamond's controlled distressed/private equity funds.

Raygorodetsky has over 13 years’ experience in the controlled distressed field. Most recently, he served as senior managing director in GSC Group's equity and distressed debt group where he was responsible for investing in distressed corporate debt, including active restructuring involvement and board oversight. He joined GSC Group in 1997 and was appointed managing director in 2005.

"Philip's knowledge, experience and skill-set make him a perfect fit for Black Diamond. He has an impressive breadth and depth of experience in both Chapter 11 and out-of-court restructuring and post-restructuring activities and he adds significant new bench-strength to our existing team. Together with Chris Boyle and Chris Parker, Philip will play a key role in ensuring that Black Diamond continues to successfully deliver industry leading returns," says Stephen Deckoff, managing principal, Black Diamond Capital Management.