Black River Asset Management

Black River Asset Management was a global alternative asset management firm providing hedge fund and private equity solutions to institutional investors. It was originally an independently managed subsidiary of Cargill, with core competencies in fixed income, equity relative value, commodity and emerging markets trading and investing. In 2015–2016, the company underwent a major restructuring due to declining investor demand for certain funds. This resulted in the closure of several hedge funds and ultimately the split of Black River into three separate firms focused on different investment strategies—fixed income (Garda Capital Partners), private equity (Proterra Investment Partners), and emerging market credit (Argentem Creek Partners). The original entity is no longer active.