Fortress Funding Group accomplice Jared Cohen has joined Star Mountain Capital as a managing director on the funding group.
That is the newest excessive profile rent for Star Mountain, because the funding agency scales its enterprise. Final yr, one other Fortress government – Curtis Glovier – joined Star Mountain as a managing director.
In his new position, Cohen will primarily give attention to sourcing, analysing and managing non-public market investments on the West Coast of the US.
He has greater than 25 years expertise in non-public credit score, particular conditions, non-public fairness and secondaries investing. Cohen has beforehand held working roles in decrease middle-market companies and has served as a director on each private and non-private firm boards.
“Jared is a confirmed and dynamic funding skilled, who has invested throughout market cycles over many industries and has hands-on working expertise as effectively, which we consider helps optimise returns,” mentioned Brett Hickey, founder and chief government of Star Mountain.
Learn extra: SoFi secures $2bn credit score line from Fortress
“His expertise from main international funding corporations paired together with his values and work ethic are extremely aligned with ours and we consider Jared shall be an amazing addition to our group as we deepen our capabilities and native market benefits throughout the US.”
Glovier labored with Cohen at Fortress, and mentioned that he’s “assured in his capacity to work effectively alongside our group and stakeholders so as to add worth to the businesses we make investments with and our buyers alike.”
Previous to becoming a member of Fortress, Cohen was a vp at Merrill Lynch, the place he targeted on principal investing, together with direct credit score originations and particular conditions investing.
“Having invested throughout giant and small enterprises over my profession, I consider Star Mountain’s give attention to the fragmented decrease middle-market with an acute give attention to producing alpha and low market correlated returns for buyers may be very compelling,” mentioned Cohen.
“Star Mountain’s long-term focus with an emphasis on group, know-how and infrastructure has, I consider, allowed it to develop into a extremely differentiated and worthwhile funding agency that I’m proud to now be part of.”
Learn extra: Star Mountain hires ex-Merrill alts specialist as MD