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Star Mountain Capital has continued its hiring spree with the appointment of former Merrill Lynch alternate options specialist James Camarda (pictured) as managing director.
He brings twenty years of experience within the different funding sector. Throughout his time at Merrill Lynch, now a part of Financial institution of America, he held the position of director and divisional different funding specialist, the place he led a workforce of 4 specialists, managed a seven-state territory and engaged with over a thousand monetary advisers.
Camarda shall be based mostly in Star Mountain’s Tampa, Florida workplace.
“James has had a formidable 20 yr profession in different investments at Merrill Lynch, one of many world’s largest funding administration corporations,” mentioned Brett Hickey, Star Mountain’s founder and chief government. “James will play a pivotal and multifaceted position, together with forming and managing strategic partnerships with wealth administration platforms and different buyers.”
Star Mountain has over $4bn (£3bn) of other belongings below administration, specializing in the US decrease mid-market.
“Having gotten to know Star Mountain’s management workforce and spectacular consumer base, I used to be intrigued by how giant and fragmented the decrease middle-market is, making up almost 50 per cent of the US financial system. With M&A exercise anticipated to extend amongst small and medium-sized companies as a consequence of ageing demographics, I see a singular alternative for buyers,” mentioned Camarda. “Star Mountain’s distinctive origination, underwriting and portfolio value-add platform positions us effectively to capitalize on these alternatives, offering publicity to a market phase many portfolios lack.”
Star Mountain has been increasing its workforce. Earlier this month, it named Curtis Glovier, a former managing director and funding committee member at Fortress Funding Group, as managing director and strategic portfolio officer.
It additionally just lately appointed asset administration veteran Scott Couto and pensions skilled Charles Millard as senior advisers.
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