Star Mountain has named Peter Okay. Scaturro, a former accomplice 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 answerable for 98 places of work in 38 international locations.
At Goldman Sachs, he oversaw the agency’s $220bn (£167.28bn) world non-public shopper enterprise and was a member of the firmwide Goldman Sachs enterprise practices committee. He additionally served on the funding administration division working committee.
Learn extra: Apollo names new origination chief
His appointment at Star Mountain comes because the agency seeks to spice up its investments in US non-public small and medium-sized companies.
“The decrease middle-market supplies a compelling market alternative that I consider many traders haven’t but benefitted from as a compelling complement to extra conventional funding portfolios,” mentioned Scaturro.
“Star Mountain has developed what I consider to be a particular platform the place I additionally worth its tradition of financial alignment with crew and traders.”
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 underneath administration. It focuses on delivering systematic alpha and low market correlated returns from making non-public 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 consider his in depth management expertise throughout a number of cycles will profit all of our stakeholders,” mentioned 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
