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.
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.
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