Star Mountain collects over $17.6 mln for sophomore fund

Star Mountain Capital has raised over $17.6 million for its second internal partners fund, according to an SEC filing. No target was listed in the document. The New York City-based private equity firm invests in the lower-middle market. UPDATE: Star Mountain Partners Fund II LLC is an internal partners fund focused on strategic investments. According to Brett Hickey, the firm’s CEO and founder, “Star Mountain is currently raising its third U.S. lower middle-market non-sponsor focused direct lending fund. It has closed on approximately $250 million of LP capital, inclusive of separate accounts. The third fund already has 11 direct loans closed with an active pipeline focused on $3 million to $20 million EBITDA size companies that are looking for strategic debt and equity capital.”