Managing Director, Secondaries Deal Origination
Managing Director, Secondaries Deal Origination
About the job
Firm Overview
Star Mountain is a rapidly growing, specialized private investment firm focused on the large and less competitive lower middle-market (“LMM”), comprised of businesses that generally have between $5 million and $50 million in annual EBITDA. The Firm employs three complementary strategies: (i) private credit, (ii) private equity and (iii) secondary credit and PE fund investing, all focused within the U.S. LMM. The Firm’s track record, business model, growth trajectory and award-winning culture provide compelling career opportunities for driven and talented individuals. Culture is a core principle which includes long-term alignment of interest with 100% of U.S. employees participating in investment profits. The Firm has over $4 billion in assets under management (committed capital including debt facilities as of 7/31/24) and expects strong continued growth based on its performance, distinctive investment approach and its diversified investor base of domestic and global institutions (including public pensions, corporate pensions, insurance companies, commercial banks, endowments, foundations and family offices) and individuals. Star Mountain values team players with positive, solutions-based attitudes complemented by a strong work ethic and is heavily committed to long-term training and career development. The Firm is employee-owned with material long-term wealth creation opportunity for dedicated, entrepreneurial professionals. Dynamic team of over 100 full-time people and 40+ Senior Advisors / Operating Partners.
The senior team has over 500 years of collective investment experience including prior leadership experience at Blackstone / GSO, Fortress, Goldman Sachs, Citigroup, J.P. Morgan and Merrill Lynch.
For the last five consecutive years, Star Mountain has been recognized as one of the Best Places to Work by both Crain’s and Pensions & Investments.
Position Description
- Originate secondary LP positions in U.S. lower middle-market private credit and private equity funds.
- Originate secondary direct loans and to a lesser extent private equity positions in U.S. lower middle-market companies which can include continuation vehicles.
- Originate private equity-backed and independent sponsor-backed opportunities in a lead capacity through private credit and structured equity investments in predominantly U.S based businesses that have between $5 and $50 million in EBITDA.
- Leverage established private equity sponsor relationships and partner with our senior team to further broaden the Firm’s private equity and independent sponsor relationships in the U.S.
- Develop and further institutionalize private equity relationships through monitoring and reporting material fundraising, investment, and portfolio activities.
- Cultivate and broaden relationships with deal flow origination sources across core sub-verticals.
- Add value to other aspects of Star Mountain’s overall business as an aligned partner assisting in building a leading private investment business.
- Assist with junior team recruiting, training, and development.
Required Qualifications:
- 15+ years of LMM/Middle market relevant experience in a lead capacity including cash-flow lending / investing to U.S. companies with between $5 to $50 million of EBITDA. Completion of formal credit training program preferred.
- Demonstrated breadth of experience in originating and leading the underwriting and execution of sponsored/non-sponsored leveraged finance transactions across industries.
- Strong command of current market conditions and competitive landscape.
- Strong analytical, problem solving, communication skills, both written and verbal.
- Proven ability to take on material responsibility and accountability for transaction underwriting, asset management and credit outcomes.
- Experience negotiating loan agreements, Agreement Among Lenders and equity-related documentation.
- Proficiency with Microsoft product suite and CRM platform.
- Team player with an exemplary work ethic and great people skills.
- Willingness to travel nationwide as needed for origination-related activities, new investment due diligence, and portfolio company board meetings. We anticipate travel could be up to [75%] domestic.
- Timing: Immediate.
- Location: Flexible. Ideal candidate willing to relocate and be based in our Tampa, Florida office.
Office Model:
Star Mountain Capital’s work model is designed to be in-office with a focus on team collaboration and apprenticeship style learning that connects our employees on many levels. Our team aligns to this model to increase meaningful moments that are not replicated in a remote experience. Employees who join our organization can count on this model to accelerate your onboarding, learning, and integration into the firm.
Compensation:
The exact salary will be determined based on the candidate's qualifications, experience, and performance during the selection process. Employees are eligible for an annual discretionary bonus and other economics. Total compensation may vary by role, location, department, and individual performance. The firm is 100% employee owned providing for material economic wealth creation opportunity.
Benefits:
Star Mountain Capital is committed to a healthy and engaged workforce. Our benefits are constantly evolving to support our employees’ needs today and in the future. We offer a highly competitive medical, dental, and vision package. Select other benefits include: 50% coverage on monthly gym memberships, a cell phone stipend, tuition support of job-related designations and learning and development opportunities, and other bespoke benefits.
Please submit resume through LinkedIn and if you would like to include additional information, kindly submit a cover letter and resume to: careers@StarMountainCapital.com with the subject line: “MD - Secondaries Deal Origination – [full name]”.
Note: Detailed award eligibility requirements for Crain’s can be found here and for Pensions & Investments here.
Investing in the Growth Engine of America ®
www.StarMountainCapital.com