Star Mountain Capital Appoints Bob Shettle, Former Co-Head of Barings ($325 Billion AUM) North American Private Finance Group, as Managing Director

Bob Shettle, former Co-Head of North American Private Finance and Chairman of the North American Mezzanine and Private Finance Investment Committees at Barings LLC, the $325 billion+ AUM investment management subsidiary of MassMutual, joined Star Mountain Capital as a full-time senior member of the investment team.

NEW YORK, July 20, 2021–(BUSINESS WIRE)–Star Mountain Capital, LLC (“Star Mountain”), a specialty investment manager that focuses exclusively on investing in private small to mid-sized (lower-middle market) companies, is pleased to announce that Bob Shettle has joined as Director general. 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 extensive network to Star Mountain’s emphasis on value-added debt and equity investing in the established United States. small and medium-sized businesses that typically have between $15 million and $250 million in annual revenue as well as Star Mountain’s investments in lower-middle-market funds.

“Bob brings tremendous experience, knowledge and connections that will serve us even better as we continue to scale our business by adding more value to business owners and investors in an aligned way,” said Brett Hickey, founder and CEO of Star Mountain Capital. “Bob is another excellent cultural fit with a swaggering, detail-oriented personality, having personally led over 70 private investments, coupled with leadership experience as chairman of investment committees for a $325 billion institution and overseeing approximately $10 billion in private credit, mezzanine and private equity investments.”

“Having invested in private markets for about 30 years, I find the lower middle market to be the most compelling bridge between start-up risk and the more commoditized large markets,” Bob Shettle said. “Star Mountain has built a differentiated business, including its origination platform, underwriting and value-added capabilities, coupled with significant investments in team, culture and technology, which has prompted me to join a company that I believe will continue to deliver compelling results to investors and to the companies we invest in.”

Mr Shettle has spent most of his 22-year career at Barings, the $325 billion+ AUM investment manager owned by insurance group MassMutual.

At Barings, he was named Chairman of the North American Mezzanine and 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 across 3 offices in the US and overseeing a $10 billion senior loan and junior debt portfolio. of dollars. He also helped advise, analyze and manage investments in 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 securities (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 with 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 was again named Best Workplaces by Pensions and Investments and one of 2020 Best Workplaces by Crain’s New York Business highlighting the companies’ focus on culture and community.

ABOUT 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) debt direct and equity investment and (ii) secondary (acquisition of LP interests and direct assets). Star Mountain believes these complementary strategies provide scalable and diversified access for its institutional and high net worth investors to established small and medium-sized companies that typically generate at least $15 million in annual revenue.

Since 2010, Star Mountain has made over 100 direct investments in U.S. small and midsize companies and over 20 secondary/fund investments within its Collaborative Ecosystem ®, exclusively focused on the lower middle market in the United States. With more than 75 team members (including Consultants/Operating Partners) in more than 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 vast market of underserved enterprises specifically designed to meet the challenges and seize the opportunities of these enterprises. As part of its commitment, Star Mountain has registered a trademark Investing in America’s Growth Engine®.

As part of its ESG (Environment, Social and Governance) program, Star Mountain Charitable Foundation, a 501(c)3 nonprofit organization focused on improving lives through economic development, including job creation, health and wellness, and cancer research. Notable assignments include helping veterans and women find high-quality career opportunities at 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 a solicitation of an offer to buy any interest in any investment product. Awards and recognition by non-affiliated rating services, companies and/or publications should not be construed by a customer or potential customer as a guarantee that they will achieve a certain level of results if Star Mountain is engaged or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement, testimonial endorsement, recommendation or referral 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. Further, with respect to any 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 of each award and recognition are subjective and may vary.

Awards and recognition by non-affiliated rating services, companies and/or publications should not be construed by a client or potential client as a guarantee that they 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 construed as a current or past endorsement, testimonial endorsement, recommendation or referral of SMFM or its representatives by any of its customers or any other third party. Rankings published by magazines and others are generally based solely on information prepared and/or submitted by the Recognized Advisor.

Crain’s two-part survey process assessed each nominated company’s policies, practices, philosophy, systems and workplace demographics. The second part was an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Star Mountain shall pay fees to Crain’s solely for survey collection purposes. Detailed eligibility criteria can be found here: https://www.bestplacestoworknyc.com/eligibility-criteria

To be appointed to IP‘s Best Places list, all companies met the high inclusion threshold of Best Companies and were benchmarked against others of similar size. The individual company profiles, which were compiled based on the survey results, reflect US employment figures and were confirmed by Best Companies this summer. Company and employee comments have been edited for more space, style, and clarity. Assets under management or under advisement are as of June 30, unless otherwise stated. To participate, companies had to have at least 20 employees in the United States, at least $100 million in discretionary assets under management or advisory, and have been in business for at least one year. An anonymous employee survey, which aimed to assess.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210720005103/en/

contacts

Star Mountain Capital, LLC
John Polis
John.Polis@StarMountainCapital.com
media@StarMountainCapital.com

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