NEW YORK–(COMMERCIAL THREAD) –Capital of the starry mountain, LLC (“Star Mountain”), a specialist investment manager focused exclusively on investing in private small and medium-sized enterprises (lower middle market), is pleased to announce that Bob Shettle has joined the group as General manager. With thirty years of experience investing in senior debt, junior debt, private equity and making investments in lower middle market funds, Mr. Shettle brings a diverse skill set and a broad network to Star Mountain’s concentration on value-added debt and equity investing in the United States established. small and medium-sized businesses that typically have between $ 15 million and $ 250 million in annual revenue; and Star Mountain LP’s investments in lower-middle market funds.
âBob brings tremendous experience, knowledge and connections to further assist us as we continue to grow our business by adding more value to business owners and investors in an aligned manner,â said Brett Hickey, Founder and CEO of Star Mountain Capital. âBob is another great cultural fit with a snug, detail-oriented personality having personally led more than 70 private investments, coupled with leadership experience chairing investment committees for a $ 325 billion institution and running over 70 billion dollars. overseeing approximately $ 10 billion in private credit, mezzanine and private equity investments.
âHaving invested in private markets for about 30 years, I find the lower middle market to be the most compelling bridge between start-up risks and the larger, more commoditized markets,â said Bob Shettle. âStar Mountain has built a business, including its origination platform, underwriting capabilities and value-added capabilities, coupled with deep investments in the people, culture and technology that have inspired to join a company that I believe will continue to deliver compelling results for investors and the companies in which we invest.
Mr. Shettle has spent most of his 22-year career with Barings, the investment manager of more than $ 325 billion under management owned by insurance group MassMutual.
At Barings, he was appointed Chairman of the North American Mezzanine and the North American Private Finance Investment Committees. Mr. Shettle was also Co-Head of the North American Private Finance Group, co-managing a team of 35 private credit professionals in 3 US offices and overseeing a $ 10 billion senior loan and junior debt portfolio. He has also helped advise, analyze and manage the investments of lower middle market private equity funds. Mr. Shettle has also served as Chairman of two New York Stock Exchange-listed closed-end funds focused on private debt (Barings Corporate Investors – NYSE: MCI; Barings Participation Investors – NYSE: MPV).
Prior to Barings, Mr. Shettle was Vice President of Commercial Lending at Fleet Bank (now part of Bank of America).
Mr. Shettle began his career in management consulting at Andersen Consulting (now Accenture) in the late 1980s.
Mr. Shettle is a graduate of the University of Connecticut and holds an MBA from Rensselaer Polytechnic Institute. Mr. Shettle also holds the Chartered Financial Analyst (CFA) designation.
Star Mountain has been named again Better workplaces by pensions and investments and one of The best places to work 2020 through Crain’s New York company highlighting companies focus on culture and community.
ABOUT THE STAR MOUNTAIN
With approximately $ 2 billion in assets under management (as of June 2021), Star Mountain takes a data-driven approach to investing in the U.S. lower middle market through two complementary investment strategies: (i) l direct investment in debt and equities and (ii) secondary (acquisition of equity interests and direct assets). Star Mountain believes that these complementary strategies provide scalable and diversified access for its institutional and high net worth investors to established small and medium businesses that typically have at least $ 15 million in annual revenue.
Since 2010, Star Mountain has made more than 100 direct investments in US small and medium-sized businesses and more than 20 secondary investments / funds within its Collaborative Ecosystem Â®, focused exclusively on the US lower middle market. With over 75 team members (including advisors / operational partners) in over 20 locations nationwide, Star Mountain believes its focus and dedication has been productive for job creation and economic development. . Star Mountain is dedicated to this large market of underserved businesses, uniquely designed to meet the challenges and opportunities of these businesses. As part of its commitment, Star Mountain has filed Investing in America’s Growth Engine Â®.
As part of its ESG (Environmental, Social and Governance) program, Star Mountain Charitable Foundation, a 501 (c) 3 nonprofit focused on improving lives through economic development, including job creation, health and wellness, and cancer research. Notable missions are to help veterans and women find high-quality career opportunities in small and medium-sized businesses across the country, including within the Star Mountain portfolio.
To note: This does not constitute an offer to sell or the solicitation of an offer to buy interest in any investment product. Awards and rewards by unaffiliated rating services, companies and / or publications should not be construed by a client or potential client as a guarantee that he / she will achieve a certain level of results if Star Mountain is engaged, or continuing to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement, endorsement of testimony, recommendation or recommendation of Star Mountain or its representatives by any of its customers or any other third party. Rankings published by magazines and the like are generally based exclusively on information prepared and / or submitted by the recognized advisor. Additionally, with respect to all performance information contained herein, directly or indirectly, as applicable, readers should note that past results are not indicative of future results. The description and selection methodologies for each award and recognition are subjective and will vary.
Awards and recognitions by unaffiliated rating services, companies and / or publications should not be interpreted by a client or potential client as a guarantee that he / she will achieve a certain level of results if SMFM is engaged. , or continues to be engaged, to provide investment advisory services; nor should they be interpreted as a current or past endorsement, endorsement of testimony, recommendation or recommendation of SMFM or its representatives by any of its clients or any other third party. Rankings published by magazines and the like are generally based exclusively on information prepared and / or submitted by the recognized advisor.
Crain’s two-part survey process involved assessing the policies, practices, philosophy, systems, and workplace demographics of each nominated company. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the best companies and the final ranking. Star Mountain is to pay fees to Crain’s only for survey collection purposes. Detailed eligibility criteria are available here: https://www.bestplacestoworknyc.com/eligibility-criteria
Be appointed to PIIn the Best Places list, all companies met the high threshold for inclusion of top companies and were rated against others of similar size. Individual company profiles, which were compiled based on the survey results, reflect US employment figures and were confirmed by Best Companies over the summer. Company and employee comments have been edited for more space, style and clarity. Assets under management or under advice are as of June 30, unless otherwise indicated. To participate, companies had to have at least 20 employees in the United States, at least $ 100 million in discretionary assets under management or advice, and have been in business for at least one year. An anonymous employee survey, which aimed to evaluate.