Star Mountain has named Peter Ok. Scaturro, a former associate at Goldman Sachs World Non-public Shopper, as its new senior advisor.
Scaturro is a former chief govt of Citigroup World Non-public Financial institution, the place he was liable for 98 workplaces in 38 international locations.
At Goldman Sachs, he oversaw the agency’s $220bn (£167.28bn) world personal consumer enterprise and was a member of the firmwide Goldman Sachs enterprise practices committee. He additionally served on the funding administration division working committee.
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His appointment at Star Mountain comes because the agency seeks to spice up its investments in US personal small and medium-sized companies.
“The decrease middle-market supplies a compelling market alternative that I imagine many buyers haven’t but benefitted from as a compelling complement to extra conventional funding portfolios,” stated Scaturro.
“Star Mountain has developed what I imagine to be a particular platform the place I additionally worth its tradition of financial alignment with crew and buyers.”
Learn extra: Star Mountain hires ex-Merrill alts specialist as MD
Star Mountain is an employee-owned specialised funding agency with greater than $4bn in belongings below administration. It focuses on delivering systematic alpha and low market correlated returns from making personal loans and personal fairness investments and buying secondary LP pursuits and belongings within the bigger, fragmented and sources intensive decrease middle-market.
“We’re excited to welcome Peter as an aligned senior advisor the place we imagine his in depth management expertise throughout a number of cycles will profit all of our stakeholders,” stated Brett Hickey, Star Mountain Capital’s founder and chief govt.
“Peter’s in depth chief govt, board, and 40+ years of economic companies expertise will add worth to our agency in some ways.”
Learn extra: Star Mountain names Columbia Threadneedle’s Scott Couto as senior adviser