Star Mountain Capital has hired Erik A. Falk as a strategic personal investor and senior adviser. Falk is the former private credit head at KKR.
NEW YORK–(BUSINESS WIRE)–Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager focused exclusively on the large and underserved U.S. lower middle-market, is pleased to announce that industry veteran Erik A. Falk has joined the firm as a strategic personal investor and Senior Advisor.
Leveraging his deep asset management and credit market insights and experience Mr. Falk will provide valued guidance assisting Star Mountain CEO, Brett Hickey, and its team to maximize long-term shareholder value.
Mr. Falk is a senior executive focused on strategic initiatives at Magnetar, a $13+ billion alternative asset management firm. Until early 2017, Mr. Falk oversaw the private funds as a Head of Private Credit within KKR’s (Kohlberg Kravis Roberts & Co.) $35 billion credit business and served on the Private Credit Investment Committee, the Leveraged Credit Investment Committee and the Portfolio Management Committee. He also oversaw KKR’s investment in Star Mountain.
Before joining KKR in 2008, Mr. Falk spent eight years at Deutsche Bank where he held several roles including founding the Special Situations Group and Co-Heading the Global Securitized Products Group. Mr. Falk began his career in the Asset-Backed Securitizations group at Credit Suisse First Boston where he knew Star Mountain’s Chairman, Brian Finn, whose prior roles include Co-President of Credit Suisse First Boston and Head of Credit Suisse Alternatives (with approximately $100 billion in AUM at the time).
Mr. Falk has served on the boards of the Loan Syndications and Trading Association (LSTA), Corporate Capital Trust and Corporate Capital Trust II – business development companies sub-advised by KKR – and various companies on behalf of Deutsche Bank. He is currently a member of the advisory committee and of the Investment Committee for The Public Theater. Mr. Falk holds both a Master of Science and a Bachelor of Science in Chemical Engineering from Stanford University.
“Erik’s extensive experience in asset management and credit investing is another great aligned addition to our advisory committee furthering our knowledge, relationships and thought leadership to maximize long-term shareholder value”, said Brett Hickey, Founder & CEO of Star Mountain. “Knowing Erik for nearly five years, we are confident in the important cultural fit and complementary perspectives he brings to our team.”
“Having watched Star Mountain grow over the years, I am impressed by how they take a differentiated approach to the challenges and opportunities within the large, but labor intensive and hard to access lower middle-market”, said Erik Falk. “Star Mountain’s long-term focused mindset investing heavily in team, culture, disciplined processes and technology should allow Star Mountain to continue to generate distinctive and compelling investment returns.”
ABOUT STAR MOUNTAIN
Investing in the Growth Engine of America ® – Star Mountain Capital is a specialized lower middle-market investment manager with a distinctive focus on bringing large market resources to the smaller market. With a substantial investment in Team, Culture and Technology, it has a differentiated business model and “Collaborative Ecosystem” including its three-channel approach to investing into small and medium-sized businesses via Direct Investments, Strategic Primary Fund Investments and Secondary Fund Investments.