Star Mountain Capital closes $ 225 million leveraged facility for its oversubscribed 3 strategic credit income fund, led by ING

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NEW YORK–(COMMERCIAL THREAD) –Capital of the starry mountain, LLC (“Star Mountain”), a specialty investment manager, with approximately $ 2 billion in assets under management, focused exclusively on investing in private small and medium (lower middle market) businesses, is pleased to ‘announce that it has closed a $ 225 million asset-based leverage facility with leading institutional investors led by ING Capital LLC (“ING”). The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers Bank. This leverage facility for Star Mountain’s Strategic Credit Income Fund 3 provides additional capital to make value-added debt and equity investments in established US small and medium-sized businesses that typically have between $ 15 million and $ 250 million in income. annual.

“We are delighted to have attracted such a high caliber group of new and existing banking relationships as partners in our third flagship direct value-added loan fund,” said Brett Hickey, Founder and CEO of Star Mountain Capital. “We are delighted with the strong demand to support our strategic private lending business,” said Stephen Paras, chief credit officer of Star Mountain and former director of leveraged lending capital markets of Merrill Lynch, who has underwritten more $ 50 billion in event funding over multiple cycles.

“Together with our lending partners, we are delighted to launch this partnership with Star Mountain,” said Patrick Frisch, Head of Fund Finance Americas at ING. “We look forward to supporting the continued growth of their business and to continuing our relationship with the Star Mountain Capital team.

Star Mountain was advised by Keefe, Bruyette & Woods (KBW), a Stifel company. Legal representation for Star Mountain was provided by Lowenstein Sandler LLP, a national firm of over 300 lawyers. Dechert LLP, a global law firm with more than 900 lawyers in 24 offices, represented ING.

Star Mountain has been named again Better workplaces by pensions and investments and one of The best places to work 2020 by 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. Star Mountain’s 75+ people, 100% employee-owned team and Collaborative Ecosystem® deliver distinctive value to lower-middle market companies as a flexible capital solution partner.

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 ®, focused exclusively on the US lower middle market. With over 75 team members (including advisors / operating partners) in over 20 locations nationwide, Star Mountain believes its focus and dedication has been productive in creating jobs 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 ®.

As part of its ESG (Environmental, Social and Governance) program, Star Mountain Charitable Foundation, a 501 (c) 3 nonprofit focuses 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 recognitions 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.

Rewards and rewards 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.


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