Star Mountain Capital, a rapidly growing employee-owned
specialized investment firm with over $4.0 billion AUM, focused on
delivering systematic alpha and low market correlated returns from
making private loans and private equity investments and purchasing
secondary LP interests and assets in the large, fragmented and
resource-intensive lower middle-market, announced that Curtis
Glovier has transitioned from a Star Mountain Senior Advisor into
the full-time role of Managing Director and Strategic Portfolio
Officer.
Star Mountain Capital, LLC ("Star Mountain"), a specialized
investment manager with over $4.0 billion in assets under
management (committed capital including debt facilities as of
6/30/2024) focused on generating defensive and premium yield and
total returns from the less efficient and resources-intensive
market of U.S. private small and medium-sized businesses (the
“lower middle-market”), is pleased to announce that Curtis Glovier
has increased his involvement with Star Mountain from a Senior
Advisor to a full-time role of Managing Director and Strategic
Portfolio Officer.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240709532729/en/
Curtis Glovier, Star Mountain Capital
Managing Director & Strategic Portfolio Officer (Photo:
Business Wire)
“It has been a pleasure working with Curtis personally and
professionally over the past 4+ years since he became a personal
investor and Senior Advisor,” said Brett Hickey, Star Mountain
Capital Founder & CEO. “We are confident his 30+ years of
alternative investment experience encompassing private credit,
private equity, being a C-level operating executive, chairing
boards, investment banking and consulting will be of enormous value
to all our stakeholders, including investors, portfolio companies
and the Star Mountain team.”
“Star Mountain’s purpose-built platform bringing large market
resources to high quality, established, small and medium-sized U.S.
private businesses is a compelling investment strategy that I
believe will continue to provide value to all stakeholders,” said
Curtis Glovier. “I am excited to transition to a full-time partner
to help Star Mountain further its mission of generating high
quality, differentiated returns for investors while also creating a
positive community impact by helping build businesses and drive
innovation.”
Mr. Glovier’s leadership experience includes being a former
Department Head and Investment Committee Member within the Credit
Business of Fortress Investment Group ($48 billion in AUM as of
12/31/23), serving as Chairman of the Board of three companies and
as a board member for numerous financial services, industrial,
business services, communications, and technology companies.
Mr. Glovier previously served as Chairman, CEO and President of
PENSCO Trust Company, a specialty custodian of alternative
investments for retirement accounts with over $16 billion in assets
under custody, owned by publicly-traded Opus Bank, later acquired
by Pacific Premier Bancorp (NASDAQ: PPBI). He also served as Opus
Bank’s Senior Executive Vice President where he headed wealth
services and served as Managing Partner & lead Investment
Committee Member of Opus Equity Partners, an SBIC lower
middle-market private investment fund.
Opus Bank was a portfolio investment Mr. Glovier led while at
Fortress which he then left to help lead and manage. Previously,
Mr. Glovier had a nearly 10-year career as a Managing Director
& Investment Committee member at Fortress Investment Group
where he led private equity and debt investments in several
industries with a focus on financial services.
Mr. Glovier started his career as a consultant at The Boston
Consulting Group and then worked in the investment banking
leveraged finance and M&A departments at Goldman Sachs. He then
transitioned into alternative investments upon joining Nassau
Capital, a private investment firm that managed over $2 billion of
alternatives for its sole client, the Princeton University
Investment Company. At Nassau, he focused on direct investments in
companies across a variety of industries and stages ranging from
venture capital to private equity.
Mr. Glovier next moved to Perseus, a nearly $2 billion AUM
diversified lower middle-market private equity firm headquartered
in Washington, DC, where he rose to co-lead the buyout group in the
New York City office.
Mr. Glovier serves on the Board of Governors of the
International Tennis Hall of Fame, is a Board Advisor to
Cornerstone Advisors and is a Senior Investment Advisor at Grafine
Partners. Prior boards include the Retirement Industry Trust
Association, comprised of the largest independent custodians in the
U.S.
Mr. Glovier received a BA in Economics, cum laude, from
Princeton University, as well as a Masters of Economic Studies from
James Cook University as a Rotary International Scholar, and an
MBA, as a Palmer Scholar, from the Wharton School of The University
of Pennsylvania. Mr. Glovier is FINRA Series 24, 79, 63 and 7
licensed.
About Star Mountain
With over $4 billion in assets under management (committed
capital including debt facilities as of 6/30/2024), Star Mountain
takes a data-driven approach to investing into the North American
lower middle-market through two complementary investment
strategies: (i) direct debt and equity investing and (ii)
secondaries (acquiring LP interests and direct assets and making
primary LP commitments). Star Mountain believes these complementary
strategies provide data-enhanced, scalable, diversified, and
customizable access for its institutional and qualifying
high-net-worth investors to established businesses that generally
have at least $15 million in annual revenues and under $50 million
in EBITDA. Its investors include public pensions, private pensions,
insurance companies, commercial banks, endowments, foundations,
family offices and high-net-worth individuals. Star Mountain is
employee-owned and shares its profits with 100% of its U.S.
full-time employees as part of its focus on maximizing value for
its stakeholders and investors through alignment of interests.
Since 2010, Star Mountain has made over 250 direct investments
in businesses and over 45 secondary / fund investments within its
Collaborative Ecosystem®, focused on the North American lower
middle-market. One of Star Mountain’s specialties is seeking
current cash income for investors that is materially above the
typical yields found in the public markets, often accompanied with
potential long-term capital gains equity returns and low
correlation to public markets through its distinctive origination,
underwriting and value-added investment capabilities.
Star Mountain was recently named one of the Inc. 5000
fastest-growing private companies in America.
For the fifth straight year, Star Mountain was again named one
of the Best Places to Work by Crain’s New York Business as well as
once again one of the Best Places to Work by Pensions &
Investments.
Star Mountain believes its focus and dedication has been
productive for job creation and economic development including in
underserved areas and communities. Star Mountain is dedicated to
this large market of underserved businesses purpose-built to
address the challenges and opportunities of these companies. As
part of its commitment, Star Mountain has trademarked Investing in
the Growth Engine of America ®.
Star Mountain’s Charitable Foundation, a not-for-profit 501(c)3 focuses on improving
lives through economic development, including job creation, health
& wellness and cancer research. Notable missions include
helping match veterans and women with high quality small and
medium-sized business career opportunities across the country,
including within Star Mountain’s portfolio.
Note: This does not constitute an offer to sell or a
solicitation of an offer to purchase interests in any investment
product. Awards and recognitions by unaffiliated rating services,
companies and/or publications should not be construed by a client
or prospective client as a guarantee that he / she / it will
experience 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 clients or any
other third party. Rankings published by magazines and others are
generally based exclusively on information prepared and / or
submitted by the recognized advisor. Moreover, with regard to all
performance information contained herein, directly or indirectly,
if any, readers should note that past results are not indicative of
future results. The description and the selection methodologies of
each award and recognition are subjective and will vary.
Awards and recognitions by unaffiliated rating services,
companies, and/or publications should not be construed by a client
or prospective client as a guarantee that he/she/it will experience
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 clients or any other third party.
Rankings published by magazines and others are generally based
exclusively on information prepared and/or submitted by the
recognized advisor.
Crain’s two-part survey process consisted of evaluating each
nominated company’s workplace policies, practices, philosophy,
systems and demographics. The second part involved an employee
survey to measure the employee experience. The combined scores
determined the top companies and the final ranking. Star Mountain
must pay a fee to Crain’s only for survey collection purposes.
Detailed eligibility criteria can be found here:
https://bestcompaniesgroup.com/best-companies-to-work-for-in-new-york/eligibility/
To be named to P&I‘s Best Places list, all firms met Best
Companies’ high threshold for inclusion and were evaluated against
others of similar size. Individual firm profiles, which were
compiled based on survey results, reflect U.S. employment numbers
and were confirmed by Best Companies in the summer. Company and
employee comments were edited for space, style and clarity. Assets
under management or advisement are as of June 30, unless otherwise
noted. To participate, companies had to have at least 20 employees
in the U.S., at least $100 million of discretionary assets under
management or advisement and be in business for at least one year.
An anonymous employee survey, which aimed to evaluate employee
engagement and satisfaction, accounted for 75% of a firm’s score;
an employer survey, which evaluated workplace policies, practices,
benefits and demographics, made up 25%.
https://bestcompaniesgroup.com/best-places-to-work-in-money-management/eligibility/
Companies on the 2023 Inc. 5000 are ranked according to
percentage revenue growth from 2019 to 2022. To qualify, companies
must have been founded and generating revenue by March 31, 2019.
They must be U.S.-based, privately held, for-profit, and
independent--not subsidiaries or divisions of other companies--as
of December 31, 2022. (Since then, some on the list may have gone
public or been acquired.) The minimum revenue required for 2019 is
$100,000; the minimum for 2022 is $2 million. As always, Inc.
reserves the right to decline applicants for subjective reasons.
Growth rates used to determine rankings were calculated to four
decimal places. https://www.inc.com/inc5000
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240709532729/en/
John Polis – Media@StarMountainCapital.com