Star Mountain Capital has named asset administration veteran Scott Couto as senior adviser.
The US different funding supervisor mentioned that Couto (pictured) has over 30 years of expertise within the business.
He most not too long ago held the function of govt vp and head of North America at Columbia Threadneedle Investments, the place he oversaw greater than $650bn (£510bn) of belongings.
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Previous to that, he served as president of Constancy Investments’ US middleman and institutional companies and was accountable for $580bn of shopper belongings below administration.
“We’re honoured to have Scott be part of Star Mountain as an aligned senior adviser bringing in depth strategic management, enterprise administration, governance, danger administration and shopper relations expertise,” mentioned Brett Hickey, Star Mountain Capital founder and chief govt. “Scott has great complementary and differentiated expertise and expertise that I’m assured will profit all Star Mountain stakeholders together with our crew and buyers.”
Couto mentioned: “I sit up for sharing my experiences and consider it is a compelling time to have a look at investing within the US decrease middle-market which represents practically 50 per cent of US GDP and is now extra open to outdoors buyers given the growing old demographic enterprise house owners keen to promote and tackle outdoors capital.
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“I additionally suppose it’s a prudent time for buyers to search for much less market correlated returns as an additional potential profit to Star Mountain’s differentiated funding platform which is purpose-built to work with these smaller, however established non-public companies.”
Star Mountain Capital has greater than $4bn in belongings below administration and focuses on investing into the North American decrease center market by direct debt and fairness funding and secondaries.
It has been increasing its advisory crew of late, having named pensions professional Charles Millard as a senior adviser final week.
