Early Life and Education
Stephen Deckoff, born in 1964, holds a Bachelor of Science degree in Operations Research from Cornell University's Engineering School. His educational background laid the foundation for his future career in finance and investments.
Rise to Success
Deckoff's career began with significant roles in several financial institutions. He held positions at Drexel Burnham Lambert, Bear Stearns, and Kidder, Peabody & Co.. At Kidder, Peabody & Co., he served as Senior Vice President and head of the Structured Finance Group. He was also a Managing Director in the Structured Finance Group at Bear Stearns & Co., Inc..
Key Business Strategies
In 1995, Deckoff founded Black Diamond Capital Management. The firm is a privately held alternative asset management company, where he serves as the Managing Principal, overseeing all portfolio management and business operations. Black Diamond manages approximately $10 billion in assets. Deckoff's strategic approach includes investing a substantial amount of the firm's capital in its managed funds, aligning Black Diamond with its investors and management teams.
Philanthropy and Recent Ventures
Deckoff, a resident of the U.S. Virgin Islands since 2011, has contributed over $1.2 million to local non-profit organizations. In 2023, he gained attention for purchasing Little St. James (Epstein Island) and Great St. James for $60 million. He plans to develop a luxury resort on the property, intending to boost tourism and economic development in the region. In October 2024, Deckoff and his son acquired Gosman's Dock and several surrounding properties for over $34.35 million.
