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Laxman Pai, Opalesque Asia: The private-credit shop Star Mountain announced that it has closed its Value-Added Direct Lending Fund IV above its $750 million capital target, at approximately $1.2 billion.
According to a media release from the private credit and secondaries specialist investment firm with approximately $3.75 billion in assets under management, the Fund was supported by both existing and new investors, including public pension funds, insurance companies, asset managers, banks, endowments, foundations, family offices and RIA/wealth management platforms and their clients.
"There was strong support from new and longstanding clients from 25+ U.S. states, and approximately 20 countries including from regions such as Canada, Europe, the Middle East, Australia, South America, and Asia," said the specialist investment firm focused on delivering systematic alpha and uncorrelated market returns from the harder to access U.S. lower middle-market.
"We appreciate and are honored by the trusted partnership with all our investors, team, and portfolio companies and remain highly aligned with 100% of our U.S.-based full-time team sharing in profits," says Star Mountain Capital Founder & CEO, Brett Hickey.
Fund IV follows Star Mountain's previous funds' direct lending investment strategy to provide primarily senior secured loans with potential equity upside (generally via warrants and/or structured preferred equity) across a diversified pool of over 50 companies i...................... To view our full article Click here
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